Switzerland: Colloidal Precious Metals Market 2024

Colloidal Precious Metals Market Size in Switzerland

The Swiss colloidal precious metals market soared to $X in 2023, surging by X% against the previous year. Overall, the total consumption indicated a strong expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2018 indices. As a result, consumption attained the peak level of $X. From 2015 to 2023, the growth of the market remained at a lower figure.

Colloidal Precious Metals Production in Switzerland

In value terms, colloidal precious metals production fell slightly to $X in 2023 estimated in export price. Over the period under review, the total production indicated noticeable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2023, production growth remained at a somewhat lower figure.

Colloidal Precious Metals Exports

Exports from Switzerland

In 2023, overseas shipments of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

In value terms, colloidal precious metals exports contracted rapidly to $X in 2023. Over the period under review, exports showed a mild decrease. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2022, and then contracted rapidly in the following year.

Exports by Country

Taiwan (Chinese) (X tons), France (X tons) and Spain (X tons) were the main destinations of colloidal precious metals exports from Switzerland, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for colloidal precious metals exported from Switzerland were France ($X), Taiwan (Chinese) ($X) and Singapore ($X), with a combined X% share of total exports. Spain, the UK, Hong Kong SAR, Germany and Italy lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

In 2023, the average colloidal precious metals export price amounted to $X per kg, declining by X% against the previous year. Overall, export price indicated mild growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, colloidal precious metals export price increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per kg in 2022, and then reduced slightly in the following year.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per kg), while the average price for exports to Italy ($X per kg) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Colloidal Precious Metals Imports

Imports into Switzerland

In 2023, supplies from abroad of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) increased by X% to X tons, rising for the third year in a row after two years of decline. In general, imports enjoyed perceptible growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2023 and are expected to retain growth in the immediate term.

In value terms, colloidal precious metals imports surged to $X in 2023. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), Germany (X tons) and the UK (X tons) were the main suppliers of colloidal precious metals imports to Switzerland, together accounting for X% of total imports. India, Italy and Japan lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest colloidal precious metals suppliers to Switzerland were India ($X), Germany ($X) and the United States ($X), with a combined X% share of total imports.

In terms of the main suppliers, India, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average colloidal precious metals import price stood at $X per kg in 2023, reducing by X% against the previous year. Over the period under review, the import price recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per kg in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform