Switzerland: Azo- Or Azoxy-Compounds Market 2024

Azo- Or Azoxy-Compounds Market Size in Switzerland

The Swiss azo- or azoxy-compounds market dropped slightly to $X in 2022, standing approx. at the previous year. Over the period under review, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +57.2% against 2020 indices. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Azo- Or Azoxy-Compounds Production in Switzerland

In value terms, azo- or azoxy-compounds production contracted notably to $X in 2022 estimated in export price. Overall, production, however, recorded a remarkable increase. The growth pace was the most rapid in 2016 when the production volume increased by 149%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Azo- Or Azoxy-Compounds Exports

Exports from Switzerland

Azo- or azoxy-compounds exports from Switzerland contracted markedly to X kg in 2022, dropping by -93% compared with the previous year's figure. Overall, exports saw a significant curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 230%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, azo- or azoxy-compounds exports declined rapidly to $X in 2022. Over the period under review, exports continue to indicate a sharp setback. The growth pace was the most rapid in 2019 when exports increased by 185%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X kg), Germany (X kg) and Spain (X kg) were the main destinations of azo- or azoxy-compounds exports from Switzerland, with a combined 94% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +103.6%), while the other leaders experienced a decline.

In value terms, Germany ($X), the United States ($X) and Spain ($X) were the largest markets for azo- or azoxy-compounds exported from Switzerland worldwide, with a combined 91% share of total exports.

Spain, with a CAGR of +106.5%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average azo- or azoxy-compounds export price amounted to $X per ton, declining by -30.7% against the previous year. Over the period under review, the export price, however, enjoyed a measured increase. The pace of growth was the most pronounced in 2014 an increase of 65% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Azo- Or Azoxy-Compounds Imports

Imports into Switzerland

In 2022, overseas purchases of diazo-, azo- or azoxy-compounds increased by 3.8% to X tons, rising for the third consecutive year after five years of decline. In general, imports saw slight growth. The pace of growth was the most pronounced in 2021 with an increase of 146%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, azo- or azoxy-compounds imports stood at $X in 2022. Over the period under review, total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.4% 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 +65.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 48% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of azo- or azoxy-compounds to Switzerland, with a 55% share of total imports. Moreover, azo- or azoxy-compounds imports from Germany exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), threefold. Indonesia (X tons) ranked third in terms of total imports with a 17% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at -2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+59.6% per year) and Indonesia (+13.6% per year).

In value terms, Germany ($X) constituted the largest supplier of diazo-, azo- or azoxy-compounds to Switzerland, comprising 68% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 16% share of total imports. It was followed by Indonesia, with a 5.8% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+37.3% per year) and Indonesia (+16.3% per year).

Import Prices by Country

The average azo- or azoxy-compounds import price stood at $X per ton in 2022, waning by -2.5% against the previous year. In general, the import price, however, enjoyed a slight increase. The pace of growth was the most pronounced in 2016 when the average import price increased by 76%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Indonesia ($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 (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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