Switzerland: Acetic Acid Market 2024

Acetic Acid Market Size in Switzerland

In 2021, after two years of decline, there was significant growth in the Swiss acetic acid market, when its value increased by 71% to $X. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Acetic Acid Exports

Exports from Switzerland

In 2021, approx. X tons of acetic acid were exported from Switzerland; increasing by 17% compared with the previous year. In general, total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -8.6% against 2017 indices. The pace of growth was the most pronounced in 2014 when exports increased by 51%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, acetic acid exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), Italy (X tons) and France (X tons) were the main destinations of acetic acid exports from Switzerland, together comprising 98% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +25.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for acetic acid exported from Switzerland were Germany ($X), Italy ($X) and France ($X), together accounting for 94% of total exports. These countries were followed by Finland, which accounted for a further 4.3%.

Among the main countries of destination, Finland, with a CAGR of +53.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average acetic acid export price stood at $X per ton in 2021, with an increase of 83% against the previous year. Over the period under review, export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Finland ($X per ton), while the average price for exports to Italy ($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 Finland (+50.7%), while the prices for the other major destinations experienced more modest paces of growth.

Acetic Acid Imports

Imports into Switzerland

In 2021, supplies from abroad of acetic acid was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 38% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, acetic acid imports skyrocketed to $X in 2021. Overall, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Saudi Arabia (X tons) and the Netherlands (X tons) were the main suppliers of acetic acid imports to Switzerland, together accounting for 86% of total imports. These countries were followed by China, Russia, Singapore and Germany, which together accounted for a further 10%.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +194.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of acetic acid to Switzerland, comprising 46% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 23% share of total imports. It was followed by the Netherlands, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+28.9% per year) and the Netherlands (+7.0% per year).

Import Prices by Country

In 2021, the average acetic acid import price amounted to $X per ton, increasing by 56% against the previous year. Overall, import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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