Switzerland: Iron Oxide Pigment Market 2024

Iron Oxide Pigment Market Size in Switzerland

The Swiss iron oxide pigment market was estimated at $X in 2022, rising by X% against the previous year. In general, the total consumption indicated a strong increase from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. Iron oxide pigment consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Iron Oxide Pigment Production in Switzerland

In value terms, iron oxide pigment production expanded modestly to $X in 2022 estimated in export price. In general, production saw a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of X%. Iron oxide pigment production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Iron Oxide Pigment Exports

Exports from Switzerland

In 2022, shipments abroad of iron oxide pigments increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, iron oxide pigment exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt downturn. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Poland (X tons) was the main destination for iron oxide pigment exports from Switzerland, accounting for a X% share of total exports. Moreover, iron oxide pigment exports to Poland exceeded the volume sent to the second major destination, Austria (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Germany (X% per year).

In value terms, Poland ($X), Germany ($X) and Austria ($X) appeared to be the largest markets for iron oxide pigment exported from Switzerland worldwide, together comprising X% of total exports. Italy, France, Malaysia, the Netherlands, Belgium and Norway lagged somewhat behind, together comprising a further X%.

Malaysia, with a CAGR of X%, recorded 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 iron oxide pigment export price amounted to $X per ton, almost unchanged from the previous year. Overall, export price indicated tangible 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, iron oxide pigment export price decreased by X% against 2015 indices. The pace of growth was the most pronounced in 2014 an increase of X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Norway ($X per ton) was amongst the lowest.

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

Iron Oxide Pigment Imports

Imports into Switzerland

In 2022, purchases abroad of iron oxide pigments increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, iron oxide pigment imports soared to $X in 2022. Over the period under review, imports, however, recorded a noticeable contraction. The growth pace was the most rapid in 2018 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest iron oxide pigment supplier to Switzerland, with a X% share of total imports. Moreover, iron oxide pigment imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. Spain (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Spain (X% per year).

In value terms, Germany ($X) constituted the largest supplier of iron oxide pigments to Switzerland, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Spain (X% per year).

Import Prices by Country

In 2022, the average iron oxide pigment import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Italy ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :