Switzerland: Waferboard Market 2024

Waferboard Market Size in Switzerland

The Swiss waferboard market declined notably to $X in 2021, dropping by -23.6% against the previous year. In general, consumption faced a significant decline. Waferboard consumption peaked at $X in 2020, and then shrank dramatically in the following year.

Waferboard Production in Switzerland

In value terms, waferboard production shrank sharply to $X in 2021 estimated in export price. Over the period under review, production, however, showed buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 90% against the previous year. As a result, production reached the peak level of $X, and then declined notably in the following year.

Waferboard Exports

Exports from Switzerland

Waferboard exports from Switzerland surged to X cubic meters in 2021, growing by 22% compared with 2020. The total export volume increased at an average annual rate of +22.0% over the period from 2020 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, waferboard exports soared to $X in 2021. In general, total exports indicated significant growth from 2020 to 2021: its value increased at an average annual rate of +48.2% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X cubic meters) was the main destination for waferboard exports from Switzerland, with a 40% share of total exports. Moreover, waferboard exports to Germany exceeded the volume sent to the second major destination, Italy (X cubic meters), sevenfold. The UK (X cubic meters) ranked third in terms of total exports with a 3.1% share.

From 2020 to 2021, the average annual growth rate of volume to Germany amounted to -42.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-25.2% per year) and the UK (0.0% per year).

In value terms, Germany ($X) remains the key foreign market for waferboards exports from Switzerland, comprising 38% of total exports. The second position in the ranking was held by the UK ($X), with a 6.7% share of total exports. It was followed by Italy, with a 5.8% share.

From 2020 to 2021, the average annual rate of growth in terms of value to Germany totaled -32.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (0.0% per year) and Italy (-14.0% per year).

Export Prices by Country

The average waferboard export price stood at $X per cubic meter in 2021, with an increase of 22% against the previous year. Over the period from 2020 to 2021, it increased at an average annual rate of +21.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2020 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+33.2%), while the prices for the other major destinations experienced more modest paces of growth.

Waferboard Imports

Imports into Switzerland

After four years of decline, purchases abroad of waferboards increased by 13% to X cubic meters in 2021. Overall, imports, however, continue to indicate a pronounced contraction. Over the period under review, imports reached the maximum at X cubic meters in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, waferboard imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a mild reduction. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X cubic meters), Austria (X cubic meters) and France (X cubic meters) were the main suppliers of waferboard imports to Switzerland, together accounting for 91% of total imports. Belgium and Italy lagged somewhat behind, together comprising a further 6.5%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +5.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), Austria ($X) and Italy ($X) constituted the largest waferboard suppliers to Switzerland, together accounting for 91% of total imports.

Italy, with a CAGR of +12.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average waferboard import price amounted to $X per cubic meter, growing by 18% against the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. 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 2021, amid the top importers, the country with the highest price was Italy ($X per cubic meter), while the price for Belgium ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform