Switzerland: Chemically Modified Oils Market 2025

Chemically Modified Oils Market Size in Switzerland

The Swiss chemically modified oils market expanded notably to $X in 2022, surging by 12% against the previous year. Overall, consumption posted a resilient increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Chemically Modified Oils Production in Switzerland

In value terms, chemically modified oils production reached $X in 2022 estimated in export price. Overall, production enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 73% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Chemically Modified Oils Exports

Exports from Switzerland

After three years of growth, overseas shipments of animal or vegetable fats and oils chemically modified decreased by -2.2% to X tons in 2022. Over the period under review, total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +12.7% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of 51%. Over the period under review, the exports reached the maximum at X tons in 2021, and then contracted slightly in the following year.

In value terms, chemically modified oils exports skyrocketed to $X in 2022. In general, exports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2013 when exports increased by 65% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons), Austria (X tons) and the Netherlands (X tons) were the main destinations of chemically modified oils exports from Switzerland, with a combined 91% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +148.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and the Netherlands ($X) appeared to be the largest markets for chemically modified oils exported from Switzerland worldwide, together comprising 90% of total exports.

In terms of the main countries of destination, Austria, with a CAGR of +150.7%, saw 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

In 2022, the average chemically modified oils export price amounted to $X per ton, surging by 43% against the previous year. In general, the export price recorded a remarkable increase. The pace of growth appeared the most rapid in 2021 an increase of 46% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Belgium ($X per ton) and the Czech Republic ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Italy ($X per ton) were 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 (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Chemically Modified Oils Imports

Imports into Switzerland

In 2022, the amount of animal or vegetable fats and oils chemically modified imported into Switzerland declined to X tons, with a decrease of -13.6% on 2021. Over the period under review, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by 53%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, chemically modified oils imports totaled $X in 2022. Overall, imports, however, saw prominent growth. The growth pace was the most rapid in 2021 when imports increased by 25%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Germany (X tons), Italy (X tons) and Russia (X tons) were the main suppliers of chemically modified oils imports to Switzerland, together accounting for 89% of total imports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +77.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Russia ($X) constituted the largest chemically modified oils suppliers to Switzerland, with a combined 88% share of total imports.

Russia, with a CAGR of +96.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average chemically modified oils import price stood at $X per ton in 2022, increasing by 31% against the previous year. In general, the import price saw tangible growth. The growth pace was the most rapid in 2020 when the average import price increased by 42% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+39.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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