Switzerland: Refined Maize Oil Market 2024

Refined Maize Oil Market Size in Switzerland

The Swiss refined maize oil market reduced to $X in 2022, with a decrease of X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Refined maize oil consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Refined Maize Oil Production in Switzerland

In value terms, refined maize oil production contracted to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Refined maize oil production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

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Refined Maize Oil Exports

Exports from Switzerland

Refined maize oil exports from Switzerland expanded to X tons in 2022, picking up by X% compared with the previous year. Over the period under review, exports, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, refined maize oil exports contracted markedly to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for refined maize oil exports from Switzerland, accounting for a X% share of total exports. Moreover, refined maize oil exports to Germany exceeded the volume sent to the second major destination, South Korea (X kg), fivefold. The third position in this ranking was held by the UK (X kg), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and the UK (X% per year).

In value terms, the largest markets for refined maize oil exported from Switzerland were South Korea ($X), Germany ($X) and the UK ($X), with a combined X% share of total exports.

South Korea, with a CAGR of X%, 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 mixed trend patterns.

Export Prices by Country

The average refined maize oil export price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price, however, recorded resilient growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then dropped remarkably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Germany ($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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Maize Oil Imports

Imports into Switzerland

Refined maize oil imports into Switzerland contracted significantly to X tons in 2022, waning by X% compared with the previous year. Over the period under review, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, refined maize oil imports reduced to $X in 2022. Overall, imports saw a noticeable contraction. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Austria (X tons), France (X tons) and Italy (X tons) were the main suppliers of refined maize oil imports to Switzerland, together comprising X% of total imports. Germany, the United States and Belgium lagged somewhat behind, together comprising a further X%.

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

In value terms, France ($X), Austria ($X) and Italy ($X) constituted the largest refined maize oil suppliers to Switzerland, with a combined X% share of total imports. The United States, Germany and Belgium lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The average refined maize oil import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, import price indicated a tangible increase 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, refined maize oil import price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. The import price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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