Switzerland: Chemically Modified Oils Market 2024

Chemically Modified Oils Market Size in Switzerland

The Swiss chemically modified oils market rose remarkably to $X in 2022, increasing by X% against the previous year. In general, consumption showed a prominent expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Chemically Modified Oils Production in Switzerland

In value terms, chemically modified oils production rose remarkably to $X in 2022 estimated in export price. In general, production saw prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Chemically Modified Oils Exports

Exports from Switzerland

In 2022, overseas shipments of animal or vegetable fats and oils chemically modified decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2017 indices. The growth pace was the most rapid in 2013 with an increase of X%. The exports peaked at X tons in 2021, and then shrank modestly in the following year.

In value terms, chemically modified oils exports surged to $X in 2022. In general, exports, however, recorded buoyant growth. The growth pace was the most rapid in 2013 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Germany (X tons), Austria (X tons) and the Netherlands (X tons) were the main destinations of chemically modified oils exports from Switzerland, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and the Netherlands ($X) were the largest markets for chemically modified oils exported from Switzerland worldwide, together comprising X% of total exports.

Austria, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average chemically modified oils export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price posted a prominent increase. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Belgium ($X per ton) and the Czech Republic ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Italy ($X per ton) were amongst the lowest.

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

Chemically Modified Oils Imports

Imports into Switzerland

In 2022, the amount of animal or vegetable fats and oils chemically modified imported into Switzerland reduced to X tons, declining by X% on the previous year's figure. In general, imports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, chemically modified oils imports rose significantly to $X in 2022. Overall, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Germany (X tons), Italy (X tons) and Russia (X tons) were the main suppliers of chemically modified oils imports to Switzerland, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest chemically modified oils suppliers to Switzerland were Germany ($X), Italy ($X) and Russia ($X), together comprising X% of total imports.

Russia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average chemically modified oils import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price saw moderate growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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