Switzerland: Adipic Acid Market 2024

Adipic Acid Market Size in Switzerland

In 2022, the Swiss adipic acid market increased by 2.1% to $X, rising for the fifth year in a row after three years of decline. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Adipic Acid Production in Switzerland

In value terms, adipic acid production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 40%. Adipic acid production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Adipic Acid Exports

Exports from Switzerland

In 2022, shipments abroad of adipic acid, its salts and esters increased by 151% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, recorded a deep contraction. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, adipic acid exports skyrocketed to $X in 2022. In general, exports, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 71% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for adipic acid exports from Switzerland, accounting for a 68% share of total exports. Moreover, adipic acid exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), threefold. The Netherlands (X kg) ranked third in terms of total exports with a 1.8% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to -10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+2.0% per year) and the Netherlands (-22.1% per year).

In value terms, Germany ($X) remains the key foreign market for adipic acid, its salts and esters exports from Switzerland, comprising 64% of total exports. The second position in the ranking was taken by Italy ($X), with a 24% share of total exports. It was followed by the United States, with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to -9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+2.7% per year) and the United States (-2.3% per year).

Export Prices by Country

In 2022, the average adipic acid export price amounted to $X per ton, which is down by -35.2% 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 2020 when the average export price increased by 77%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average 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 the United States ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Adipic Acid Imports

Imports into Switzerland

After two years of growth, purchases abroad of adipic acid, its salts and esters decreased by -1.2% to X tons in 2022. Overall, total imports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 57% against the previous year. As a result, imports reached the peak of X tons, and then dropped in the following year.

In value terms, adipic acid imports soared to $X in 2022. In general, total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +94.2% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 60% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Italy (X tons), China (X tons) and France (X tons) were the main suppliers of adipic acid imports to Switzerland, together accounting for 78% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +35.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), China ($X) and France ($X) appeared to be the largest adipic acid suppliers to Switzerland, together accounting for 76% of total imports.

In terms of the main suppliers, China, with a CAGR of +37.4%, recorded 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 2022, the average adipic acid import price amounted to $X per ton, increasing by 23% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2017 when the average import price increased by 29%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, 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 Spain ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :