Switzerland: Chromates Market 2024

Chromates Market Size in Switzerland

The Swiss chromates market skyrocketed to $X in 2022, rising by 912% against the previous year. Over the period under review, consumption saw a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Chromates Production in Switzerland

In value terms, chromates production stood at less than $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern.

Chromates Exports

Exports from Switzerland

In 2022, overseas shipments of chromates, dichromates and peroxochromates decreased by -29.3% to X kg for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by 1,374%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, chromates exports reached $X in 2022. In general, exports recorded a slight slump. The most prominent rate of growth was recorded in 2014 when exports increased by 111%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X kg), the United States (X kg) and France (X kg) were the main destinations of chromates exports from Switzerland, together comprising 97% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +62.1%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), the United States ($X) and South Korea ($X) appeared to be the largest markets for chromates exported from Switzerland worldwide, with a combined 98% share of total exports.

The United States, with a CAGR of +32.8%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average chromates export price stood at $X per ton in 2022, rising by 44% against the previous year. Overall, the export price, however, showed a slight decrease. The pace of growth was the most pronounced in 2016 when the average export price increased by 384% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to France ($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 South Korea (+3.0%), while the prices for the other major destinations experienced a decline.

Chromates Imports

Imports into Switzerland

In 2022, overseas purchases of chromates, dichromates and peroxochromates were finally on the rise to reach X tons after three years of decline. In general, imports, however, saw a perceptible setback. The pace of growth was the most pronounced in 2013 when imports increased by 166% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, chromates imports rose notably to $X in 2022. Overall, imports, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 when imports increased by 73% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest chromates supplier to Switzerland, with a 56% share of total imports. Moreover, chromates imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Kazakhstan (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 20% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to +46.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (+9.8% per year) and Germany (-13.4% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of chromates, dichromates and peroxochromates to Switzerland, comprising 57% of total imports. The second position in the ranking was held by Germany ($X), with an 18% share of total imports. It was followed by Kazakhstan, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands totaled +43.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-14.6% per year) and Kazakhstan (+10.7% per year).

Import Prices by Country

In 2022, the average chromates import price amounted to $X per ton, shrinking by -10.7% against the previous year. Over the period under review, the import price saw a slight curtailment. The most prominent rate of growth was recorded in 2014 when the average import price increased by 56%. Over the period under review, average import prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat 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 China ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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