Switzerland: Borates Market 2024

Borates Market Size in Switzerland

In 2022, the Swiss borates market increased by 0.7% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Borates consumption peaked in 2022 and is likely to see gradual growth in years to come.

Borates Exports

Exports from Switzerland

In 2022, exports of borates from Switzerland dropped notably to X tons, with a decrease of -37.6% compared with the previous year. In general, exports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 69% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, borates exports reduced to $X in 2022. Over the period under review, exports, however, recorded a strong increase. The growth pace was the most rapid in 2014 when exports increased by 90% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then declined in the following year.

Exports by Country

Germany (X tons), the Czech Republic (X tons) and the United States (X tons) were the main destinations of borates exports from Switzerland, with a combined 83% share of total exports. Belgium, China, the UK and France lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +32.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for borates exported from Switzerland were the United States ($X), Germany ($X) and China ($X), with a combined 80% share of total exports.

China, with a CAGR of +38.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 borates export price amounted to $X per ton, increasing by 57% against the previous year. In general, the export price showed resilient growth. The growth pace was the most rapid in 2019 an increase of 83% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Czech Republic ($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 the United States (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Borates Imports

Imports into Switzerland

In 2022, approx. X tons of borates were imported into Switzerland; which is down by -3.9% on the previous year's figure. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 13% against the previous year. As a result, imports attained the peak of X tons, and then contracted modestly in the following year.

In value terms, borates imports stood at $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 32%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Turkey (X tons) was the main borates supplier to Switzerland, with a 93% share of total imports. Moreover, borates imports from Turkey exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. The third position in this ranking was taken by Germany (X tons), with a 1.7% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey stood at +18.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-22.9% per year) and Germany (-0.6% per year).

In value terms, Turkey ($X) constituted the largest supplier of borates to Switzerland, comprising 74% of total imports. The second position in the ranking was held by the United States ($X), with a 9.5% share of total imports. It was followed by Germany, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value from Turkey amounted to +16.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-12.6% per year) and Germany (+0.2% per year).

Import Prices by Country

The average borates import price stood at $X per ton in 2022, growing by 5.4% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 19%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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