Report Update: May 1, 2024

Switzerland - Benzoic Acid, Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights

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Benzoic Acid Price in Switzerland - 2023

Benzoic Acid Price in Switzerland (CIF) - 2022

In 2022, the average benzoic acid import price amounted to $4,695 per ton, rising by 28% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, benzoic acid import price increased by +43.2% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of 64% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($32,919 per ton), while the price for the Netherlands ($1,807 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Benzoic Acid Price in Switzerland (FOB) - 2022

The average benzoic acid export price stood at $32,334 per ton in 2022, remaining stable against the previous year. Overall, the export price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 an increase of 398% against the previous year. The export price peaked at $38,337 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($91,242 per ton), while the average price for exports to South Africa ($5,843 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.

Benzoic Acid Imports in Switzerland

After three years of growth, purchases abroad of benzoic acid, its salts and esters decreased by -7.4% to 1.8K tons in 2022. The total import volume increased at an average annual rate of +12.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 33%.

In value terms, benzoic acid imports skyrocketed to $8.4M in 2022. In general, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.0% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 28%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Import of Benzoic Acid in Switzerland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	1,655	443	3,226	3,881	32.9%
Netherlands	1,022	1,242	1,581	1,900	23.0%
Germany	509	539	658	748	13.7%
China	284	1,320	213	408	12.8%
Estonia	241	175	138	336	11.7%
India	211	706	441	244	5.0%
Poland	257	213	174	196	-8.6%
Italy	159	251	239	186	5.4%
Others	418	659	433	518	7.4%
Total	4,755	5,548	7,102	8,418	21.0%

Top Suppliers of Benzoic Acid to Switzerland in 2022:

Netherlands (1051.9 tons)
Germany (145.0 tons)
Estonia (140.3 tons)
France (117.9 tons)
China (110.2 tons)
Poland (103.0 tons)
Italy (42.0 tons)
India (41.5 tons)

Benzoic Acid Exports in Switzerland

In 2022, approx. 46 tons of benzoic acid, its salts and esters were exported from Switzerland; picking up by 10% compared with the previous year's figure. In general, exports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2021 when exports increased by 25% against the previous year.

In value terms, benzoic acid exports totaled $1.5M in 2022. Over the period under review, exports, however, continue to indicate a deep slump.

Export of Benzoic Acid in Switzerland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	780	271	306	314	-26.2%
France	373	308	115	278	-9.3%
Germany	166	200	233	222	10.2%
China	99.3	127	185	157	16.5%
Indonesia	28.4	26.4	30.8	91.3	47.6%
Singapore	92.1	107	126	86.3	-2.1%
India	49.0	54.1	49.8	77.1	16.3%
United Kingdom	43.1	34.8	60.2	76.0	20.8%
Turkey	5.9	3.2	26.7	35.8	82.4%
Brazil	45.1	40.3	34.2	32.0	-10.8%
Pakistan	N/A	N/A	N/A	18.3	0%
Italy	3.5	2.8	1.6	5.2	14.1%
South Africa	0.9	1.6	N/A	4.4	69.7%
Others	123	96.2	166	82.6	-12.4%
Total	1,810	1,273	1,334	1,481	-6.5%

Top Export Markets for Benzoic Acid from Switzerland in 2022:

United Kingdom (9.3 tons)
France (8.9 tons)
Germany (8.1 tons)
United States (5.3 tons)
Pakistan (2.6 tons)
China (1.7 tons)
Singapore (1.5 tons)
Indonesia (1.3 tons)
India (1.2 tons)
Brazil (0.9 tons)
Italy (0.9 tons)
South Africa (0.8 tons)
Turkey (0.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the benzoic acid market in Switzerland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143363 - Benzoic acid, its salts and esters

Country coverage:

Switzerland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Switzerland
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023