Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Switzerland - 2024

Contents:

1. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Switzerland (FOB) - 2024
2. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Switzerland (CIF) - 2022
3. Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Switzerland
4. Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Switzerland

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Switzerland (FOB) - 2024

In December 2023, the average export price for balances; of a sensitivity of 5cg or better, with or without weightses amounted to $1.1M per ton, rising by 50% against the previous month. Overall, export price indicated a resilient increase from March 2023 to December 2023: its price increased at an average monthly rate of +6.7% over the last nine-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, export price for balances; of a sensitivity of 5cg or better, with or without weightses increased by +56.4% against September 2023 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was the United States ($1.8M per ton), while the average price for exports to China ($572K per ton) was amongst the lowest.

From March 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+34.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Switzerland (CIF) - 2022

In 2022, the average import price for balances; of a sensitivity of 5cg or better, with or without weightses amounted to $246,600 per ton, picking up by 8% against the previous year. Overall, the import price saw significant growth. The pace of growth was the most pronounced in 2014 when the average import price increased by 362% against the previous year. Over the period under review, average import prices attained the maximum at $279,352 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 the Netherlands ($983,304 per ton), while the price for Poland ($55,244 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Switzerland

In 2022, overseas shipments of balances; of a sensitivity of 5cg or better, with or without weightses decreased by -8.1% to 243 tons for the first time since 2019, thus ending a two-year rising trend. The total export volume increased at an average annual rate of +9.3% over the period from 2020 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 2021 with an increase of 30%. As a result, the exports attained the peak of 265 tons, and then fell in the following year.

In value terms, exports of balances; of a sensitivity of 5cg or better, with or without weightses expanded modestly to $147M in 2022. The total export value increased at an average annual rate of +15.6% over the period from 2020 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Balances; of A Sensitivity of 5cg or Better, with or Without Weights from Switzerland in 2022:

1. United States (98.3 tons)
2. China (30.7 tons)
3. Germany (13.1 tons)
4. Japan (12.7 tons)
5. Canada (12.5 tons)
6. Netherlands (9.2 tons)
7. Mexico (7.2 tons)
8. India (6.3 tons)
9. Taiwan (Chinese) (5.8 tons)
10. United Kingdom (5.7 tons)
11. France (4.5 tons)
12. Australia (4.0 tons)
13. Turkey (3.8 tons)

Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Switzerland

In 2022, approx. 59 tons of balances; of a sensitivity of 5cg or better, with or without weightses were imported into Switzerland; with a decrease of -3.7% on 2021. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +8.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 43%. As a result, imports reached the peak of 62 tons, and then shrank modestly in the following year.

In value terms, imports of balances; of a sensitivity of 5cg or better, with or without weightses rose modestly to $14M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +14.4% 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 +49.6% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 39% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Top Suppliers of Balances; of A Sensitivity of 5cg or Better, with or Without Weights to Switzerland in 2022:

1. Germany (26.4 tons)
2. China (18.9 tons)
3. Netherlands (6.8 tons)
4. France (1.4 tons)
5. United States (1.1 tons)
6. Poland (1.0 tons)
7. Italy (0.5 tons)

Source: IndexBox Market Intelligence Platform