Switzerland: Resinoids Market 2022

Resinoids Market Size in Switzerland

The Swiss resinoids market was finally on the rise to reach $X in 2021, after two years of decline. Overall, the total consumption indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Resinoids consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Resinoids Production in Switzerland

In value terms, resinoids production soared to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a temperate increase. The pace of growth was the most pronounced in 2014 when the production volume increased by 61%. Resinoids production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Resinoids Exports

Exports from Switzerland

In 2021, after three years of growth, there was significant decline in shipments abroad of resinoids, when their volume decreased by -8.7% to X tons. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 212% against the previous year. The exports peaked at X tons in 2020, and then contracted in the following year.

In value terms, resinoids exports plummeted to $X in 2021. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 627% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020, and then contracted sharply in the following year.

Exports by Country

France (X tons) was the main destination for resinoids exports from Switzerland, accounting for a 71% share of total exports. Moreover, resinoids exports to France exceeded the volume sent to the second major destination, Germany (X kg), eightfold. The third position in this ranking was held by the UK (X kg), with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France totaled +44.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+18.0% per year) and the UK (+69.0% per year).

In value terms, France ($X) emerged as the key foreign market for resinoids exports from Switzerland, comprising 56% of total exports. The second position in the ranking was taken by the UK ($X), with a 27% share of total exports. It was followed by Germany, with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France stood at +45.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+68.6% per year) and Germany (+11.6% per year).

Export Prices by Country

The average resinoids export price stood at $X per ton in 2021, waning by -40.6% against the previous year. Overall, the export price, however, showed a mild increase. The growth pace was the most rapid in 2018 an increase of 133% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Resinoids Imports

Imports into Switzerland

In 2021, purchases abroad of resinoids increased by 81% to X tons, rising for the third consecutive year after two years of decline. In general, imports posted a perceptible expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, resinoids imports dropped to $X in 2021. Over the period under review, imports recorded a resilient increase. The growth pace was the most rapid in 2020 when imports increased by 116% against the previous year. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

In 2021, the United States (X tons) constituted the largest resinoids supplier to Switzerland, accounting for a 43% share of total imports. Moreover, resinoids imports from the United States exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. The third position in this ranking was held by Italy (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +36.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-7.2% per year) and Italy (+38.5% per year).

In value terms, the United States ($X), France ($X) and the UK ($X) were the largest resinoids suppliers to Switzerland, with a combined 90% share of total imports.

Among the main suppliers, the UK, with a CAGR of +65.2%, 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

In 2021, the average resinoids import price amounted to $X per ton, declining by -45.1% against the previous year. Overall, import price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when the average import price increased by 56% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Morocco ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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