Switzerland: Crude Soybean Oil Market 2024

Crude Soybean Oil Market Size in Switzerland

For the third consecutive year, the Swiss crude soybean oil market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption showed a measured expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Crude Soybean Oil Production in Switzerland

In value terms, crude soybean oil production declined modestly to $X in 2022 estimated in export price. Overall, production showed a abrupt contraction. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Crude soybean oil production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Crude Soybean Oil Exports

Exports from Switzerland

In 2022, the amount of crude soybean oil exported from Switzerland dropped significantly to X tons, which is down by X% against the previous year. Over the period under review, exports, however, recorded a buoyant increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, crude soybean oil exports contracted sharply to $X in 2022. Overall, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Austria (X tons) was the main destination for crude soybean oil exports from Switzerland, with a X% share of total exports. Moreover, crude soybean oil exports to Austria exceeded the volume sent to the second major destination, Italy (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Austria totaled X%.

In value terms, Austria ($X) remains the key foreign market for crude soybean oil exports from Switzerland, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Austria totaled X%.

Export Prices by Country

In 2022, the average crude soybean oil export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Austria amounted to $X per ton.

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

Crude Soybean Oil Imports

Imports into Switzerland

In 2022, the amount of crude soybean oil imported into Switzerland totaled X tons, rising by X% against 2021. In general, total imports 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, imports increased by X% against 2012 indices. The growth pace was the most rapid in 2020 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, crude soybean oil imports surged to $X in 2022. Overall, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

Serbia (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of crude soybean oil imports to Switzerland, together comprising X% of total imports. Uganda, Hungary and Austria lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Uganda (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X), Italy ($X) and Germany ($X) constituted the largest crude soybean oil suppliers to Switzerland, with a combined X% share of total imports. Uganda, Hungary and Austria lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Uganda, with a CAGR of X%, saw 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

In 2022, the average crude soybean oil import price amounted to $X per ton, growing by X% against the previous year. Overall, import price indicated perceptible growth from 2012 to 2022: its price 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, crude soybean oil import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Uganda ($X per ton) and Germany ($X per ton), while the price for Italy ($X per ton) and Hungary ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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