Switzerland: Acrylonitrile Market 2024

Acrylonitrile Market Size in Switzerland

For the third year in a row, the Swiss acrylonitrile market recorded growth in sales value, which increased by 41% to $X in 2021. Overall, consumption, however, showed a drastic downturn. Acrylonitrile consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Acrylonitrile Exports

Exports from Switzerland

In 2021, approx. X kg of acrylonitrile were exported from Switzerland; falling by -10.2% against the previous year's figure. In general, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2019 when exports increased by 80% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, acrylonitrile exports declined to $X in 2021. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of 55%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X kg) was the main destination for acrylonitrile exports from Switzerland, accounting for a 80% share of total exports. Moreover, acrylonitrile exports to Germany exceeded the volume sent to the second major destination, the United States (X kg), sevenfold.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at -7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+4.4% per year) and South Korea (+29.0% per year).

In value terms, Germany ($X) remains the key foreign market for acrylonitrile exports from Switzerland, comprising 70% of total exports. The second position in the ranking was taken by South Korea ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to -8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+32.6% per year) and the United States (-3.4% per year).

Export Prices by Country

In 2021, the average acrylonitrile export price amounted to $X per ton, falling by -3.9% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 71% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: 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 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+2.4%), while the prices for the other major destinations experienced a decline.

Acrylonitrile Imports

Imports into Switzerland

For the third consecutive year, Switzerland recorded growth in purchases abroad of acrylonitrile, which increased by 32% to X tons in 2021. In general, imports, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by 59% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, acrylonitrile imports surged to $X in 2021. Over the period under review, imports, however, faced a deep setback. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, South Korea (X tons) constituted the largest acrylonitrile supplier to Switzerland, accounting for a 77% share of total imports. Moreover, acrylonitrile imports from South Korea exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. France (X tons) ranked third in terms of total imports with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea stood at +73.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-10.6% per year) and France (+14.9% per year).

In value terms, South Korea ($X) constituted the largest supplier of acrylonitrile to Switzerland, comprising 77% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 14% share of total imports. It was followed by France, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value from South Korea amounted to +92.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-11.8% per year) and France (+14.5% per year).

Import Prices by Country

In 2021, the average acrylonitrile import price amounted to $X per ton, surging by 24% against the previous year. Overall, the import price, however, continues to indicate a abrupt descent. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+11.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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