Switzerland: Worked Wax Articles Market 2024

Worked Wax Articles Market Size in Switzerland

The Swiss worked wax articles market dropped slightly to $X in 2022, almost unchanged from the previous year. In general, consumption, however, showed significant growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Worked Wax Articles Production in Switzerland

In value terms, worked wax articles production totaled $X in 2022 estimated in export price. Overall, production, however, recorded significant growth. The pace of growth was the most pronounced in 2015 with an increase of X%. Worked wax articles production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Worked Wax Articles Exports

Exports from Switzerland

In 2022, shipments abroad of worked articles of wax decreased by X% to X units, falling for the third year in a row after two years of growth. Over the period under review, exports faced a abrupt decline. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, worked wax articles exports surged to $X in 2022. In general, exports recorded a slight descent. The growth pace was the most rapid in 2019 when exports increased by X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X units) was the main destination for worked wax articles exports from Switzerland, accounting for a X% share of total exports. Moreover, worked wax articles exports to Italy exceeded the volume sent to the second major destination, Germany (X units), more than tenfold. The third position in this ranking was held by Belgium (X units), with a X% share.

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

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

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

Export Prices by Country

In 2022, the average worked wax articles export price amounted to $X per unit, rising by X% against the previous year. Overall, the export price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Worked Wax Articles Imports

Imports into Switzerland

In 2022, supplies from abroad of worked articles of wax was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, worked wax articles imports fell to $X in 2022. In general, imports, however, saw a perceptible descent. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Belgium (X units) constituted the largest supplier of worked wax articles to Switzerland, accounting for a X% share of total imports. Moreover, worked wax articles imports from Belgium exceeded the figures recorded by the second-largest supplier, Spain (X units), threefold. Romania (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Romania (X% per year).

In value terms, Belgium ($X) constituted the largest supplier of worked articles of wax to Switzerland, comprising X% of total imports. The second position in the ranking was taken by Romania ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Belgium was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and Spain (X% per year).

Import Prices by Country

In 2022, the average worked wax articles import price amounted to $X per unit, waning by X% against the previous year. Overall, import price indicated a perceptible expansion 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. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The import price peaked at $X per unit in 2021, and then fell in the following year.

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

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

Source: IndexBox Platform

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