Switzerland: Nitrogen Market 2024

Nitrogen Market Size in Switzerland

The Swiss nitrogen market shrank to $X in 2022, with a decrease of X% against the previous year. In general, the total consumption indicated a pronounced expansion 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. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Nitrogen Production in Switzerland

In value terms, nitrogen production declined modestly to $X in 2022 estimated in export price. Overall, the total production indicated a tangible expansion 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Nitrogen Exports

Exports from Switzerland

In 2022, exports of nitrogen from Switzerland skyrocketed to X cubic meters, jumping by X% against 2021 figures. Over the period under review, exports posted a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, nitrogen exports surged to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Germany (X cubic meters) was the main destination for nitrogen exports from Switzerland, accounting for a X% share of total exports. Moreover, nitrogen exports to Germany exceeded the volume sent to the second major destination, Italy (X cubic meters), more than tenfold. France (X cubic meters) ranked third in terms of total exports with a X% share.

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

In value terms, Germany ($X) remains the key foreign market for nitrogen exports from Switzerland, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Italy (X% per year).

Export Prices by Country

In 2022, the average nitrogen export price amounted to $X per cubic meter, shrinking by X% against the previous year. Over the period under review, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per cubic meter. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per cubic meter), while the average price for exports to Italy ($X per cubic meter) was amongst the lowest.

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

Nitrogen Imports

Imports into Switzerland

In 2022, after five years of growth, there was significant decline in overseas purchases of nitrogen, when their volume decreased by X% to X cubic meters. In general, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X cubic meters, and then declined markedly in the following year.

In value terms, nitrogen imports surged to $X in 2022. Over the period under review, imports, however, showed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Italy (X cubic meters) constituted the largest supplier of nitrogen to Switzerland, with a X% share of total imports. Moreover, nitrogen imports from Italy exceeded the figures recorded by the second-largest supplier, the Czech Republic (X cubic meters), threefold. The third position in this ranking was held by Germany (X cubic meters), with a X% share.

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

In value terms, Germany ($X), Italy ($X) and the Czech Republic ($X) were the largest nitrogen suppliers to Switzerland, with a combined X% share of total imports.

Among the main suppliers, the Czech Republic, with a CAGR of X%, recorded the highest rates of growth with regard to 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 nitrogen import price stood at $X per cubic meter in 2022, with an increase of X% against the previous year. In general, the import price, however, recorded a deep setback. The import price peaked at $X per cubic meter in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per cubic meter), while the price for the Czech Republic ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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