Waxes; Artificial, Prepared Price in Switzerland - 2023

Contents:

1. Waxes; Artificial, Prepared Price in Switzerland (CIF) - 2022
2. Waxes; Artificial, Prepared Price in Switzerland (FOB) - 2023
3. Waxes; Artificial, Prepared Imports in Switzerland
4. Waxes; Artificial, Prepared Exports in Switzerland

Waxes; Artificial, Prepared Price in Switzerland (CIF) - 2022

The average waxes; artificial, prepared import price stood at $4,574 per ton in 2022, with a decrease of -29.2% against the previous year. Overall, the import price continues to indicate a slight setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by 15%. Over the period under review, average import prices reached the maximum at $6,457 per ton in 2021, and then shrank notably in the following year.

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 ($9,265 per ton), while the price for Denmark ($2,104 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Waxes; Artificial, Prepared Price in Switzerland (FOB) - 2023

The average waxes; artificial, prepared export price stood at $23,112 per ton in August 2023, rising by 41% against the previous month. In general, the export price enjoyed a strong increase. The pace of growth was the most pronounced in December 2022 an increase of 558% m-o-m. As a result, the export price reached the peak level of $33,075 per ton. From January 2023 to August 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($61,142 per ton), while the average price for exports to Belgium ($2,365 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.

Waxes; Artificial, Prepared Imports in Switzerland

In 2022, the amount of waxes; artificial, prepared imported into Switzerland dropped remarkably to 992 tons, declining by -80.6% compared with the year before. In general, imports continue to indicate a sharp downturn. The pace of growth appeared the most rapid in 2021 with an increase of 20%. As a result, imports reached the peak of 5.1K tons, and then reduced rapidly in the following year.

In value terms, waxes; artificial, prepared imports contracted sharply to $4.5M in 2022. Overall, imports continue to indicate a dramatic decline. The growth pace was the most rapid in 2021 when imports increased by 35% against the previous year. As a result, imports attained the peak of $33M, and then reduced markedly in the following year.

Top Suppliers of Waxes; Artificial, Prepared to Switzerland in 2022:

1. Malaysia (323.4 tons)
2. United Kingdom (193.5 tons)
3. China (143.6 tons)
4. Netherlands (104.4 tons)
5. India (97.0 tons)
6. United States (43.9 tons)
7. Austria (26.7 tons)
8. Germany (8.7 tons)
9. Italy (7.9 tons)
10. Denmark (3.5 tons)
11. Belgium (0.4 tons)

Waxes; Artificial, Prepared Exports in Switzerland

In 2022, overseas shipments of waxes; artificial, prepared decreased by -18.4% to 1.1K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a mild slump. The pace of growth appeared the most rapid in 2020 when exports increased by 24% against the previous year. As a result, the exports reached the peak of 1.4K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, waxes; artificial, prepared exports rose to $15M in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 15%. As a result, the exports reached the peak of $17M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Waxes; Artificial, Prepared from Switzerland in 2022:

1. Germany (undefined tons)
2. United States (364.6 tons)
3. Austria (248.8 tons)
4. United Kingdom (193.9 tons)
5. Belgium (61.7 tons)
6. Netherlands (43.4 tons)
7. Hungary (32.8 tons)
8. Poland (26.6 tons)
9. China (0.2 tons)

Source: IndexBox Market Intelligence Platform