Switzerland: Crude Palm Oil Market Overview 2021

Crude Palm Oil Market Size in Switzerland

In 2019, the Swiss crude palm oil market increased by X% to $X for the first time since 2015, thus ending a three-year declining trend. In general, consumption recorded a resilient expansion. The pace of growth appeared the most rapid in 2009 with an increase of X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2011; however, from 2012 to 2019, consumption stood at a somewhat lower figure.

Crude Palm Oil Exports

Exports from Switzerland

For the sixth year in a row, Switzerland recorded growth in overseas shipments of crude palm oil, which increased by X% to X tonnes in 2019. In general, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, exports hit record highs in 2019 and are expected to retain growth in years to come.

In value terms, crude palm oil exports soared to $X in 2019. Overall, exports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, exports hit record highs in 2019 and are likely to see gradual growth in the immediate term.

Exports by Country

Austria (X tonnes), the Netherlands (X tonnes) and Germany (X kg) were the main destinations of crude palm oil exports from Switzerland, with a combined X% share of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for crude palm oil exported from Switzerland were Austria ($X), the Netherlands ($X) and Germany ($X), together accounting for X% of total exports.

The Netherlands (+X% per year) recorded the highest growth rate of the value of exports, among 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 2019, the average crude palm oil export price amounted to $X per tonne, approximately equating the previous year. Overall, the export price showed a slight decline. The pace of growth appeared the most rapid in 2009 an increase of X% y-o-y. The export price peaked at $X per tonne in 2010; however, from 2011 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Germany ($X per tonne), while the average price for exports to Austria ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced mixed trend patterns.

Crude Palm Oil Imports

Imports into Switzerland

In 2019, approx. X tonnes of crude palm oil were imported into Switzerland; with an increase of X% on the previous year. In general, imports showed buoyant growth. The most prominent rate of growth was recorded in 2009 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X tonnes in 2011; however, from 2012 to 2019, imports remained at a lower figure.

In value terms, crude palm oil imports rose notably to $X in 2019. Overall, imports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2009 when imports increased by X% y-o-y. Imports peaked at $X in 2011; however, from 2012 to 2019, imports stood at a somewhat lower figure.

Imports by Country

Solomon Islands (X tonnes), Cambodia (X tonnes) and Cote d'Ivoire (X tonnes) were the main suppliers of crude palm oil imports to Switzerland, together comprising X% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Solomon Islands, while imports for the other leaders experienced more modest paces of growth.

In value terms, Solomon Islands ($X), Cambodia ($X) and Cote d'Ivoire ($X) were the largest crude palm oil suppliers to Switzerland, together comprising X% of total imports.

Among the main suppliers, Solomon Islands saw 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 crude palm oil import price stood at $X per tonne in 2019, waning by -X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2012 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs at $X per tonne in 2014; however, from 2015 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per tonne), while the price for Solomon Islands ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude palm oil in the world?

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Indonesia (36M tonnes) constituted the country with the largest volume of crude palm oil consumption, accounting for 46% of total volume. Moreover, crude palm oil consumption in Indonesia exceeded the figures recorded by the second-largest consumer, Malaysia (17M tonnes), twofold. The third position in this ranking was occupied by India (6.6M tonnes), with a 8.5% share.

What are the largest producers of crude palm oil in the world?

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Indonesia (44M tonnes) constituted the country with the largest volume of crude palm oil production, comprising approx. 58% of total volume. Moreover, crude palm oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia (20M tonnes), twofold. The third position in this ranking was occupied by Thailand (3M tonnes), with a 4% share.

What are the leading suppliers of crude palm oil to Switzerland?

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In value terms, Solomon Islands ($5.1M), Cambodia ($3.8M) and Cote d'Ivoire ($386K) were the largest crude palm oil suppliers to Switzerland, together accounting for 89% of total imports.

What are the leading importers of crude palm oil from Switzerland?

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In value terms, Austria ($9.4K), the Netherlands ($5.5K) and Germany ($3.1K) constituted the largest markets for crude palm oil exported from Switzerland worldwide, together comprising 100% of total exports.

What is the average export price for crude palm oil in Switzerland?

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In 2019, the average crude palm oil export price amounted to $750 per tonne, remaining constant against the previous year.

What is the average import price for crude palm oil in Switzerland?

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The average crude palm oil import price stood at $908 per tonne in 2019, shrinking by -4.5% against the previous year.