Switzerland: Acrylic Acid Esters Market 2024

Acrylic Acid Esters Market Size in Switzerland

The Swiss acrylic acid esters market rose sharply to $X in 2022, surging by 5.3% against the previous year. Over the period under review, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 +12.6% against 2018 indices. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in the immediate term.

Acrylic Acid Esters Production in Switzerland

In value terms, acrylic acid esters production soared to $X in 2022 estimated in export price. Overall, production enjoyed notable growth. The growth pace was the most rapid in 2018 when the production volume increased by 111% against the previous year. Acrylic acid esters production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Acrylic Acid Esters Exports

Exports from Switzerland

In 2022, the amount of esters of acrylic acid exported from Switzerland reduced sharply to X tons, waning by -16.2% against 2021 figures. Overall, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 127% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, acrylic acid esters exports fell to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 37%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons), Sweden (X tons) and France (X tons) were the main destinations of acrylic acid esters exports from Switzerland, together comprising 59% of total exports. The United States, Brazil, Belgium, Hungary, India, China and Israel lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +43.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for acrylic acid esters exported from Switzerland were Germany ($X), France ($X) and Sweden ($X), together comprising 56% of total exports. Brazil, China, the United States, Israel, India, Belgium and Hungary lagged somewhat behind, together accounting for a further 36%.

India, with a CAGR of +30.3%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average acrylic acid esters export price amounted to $X per ton, with an increase of 8.3% against the previous year. Over the period under review, the export price, however, recorded a deep slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by 65% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 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 Israel ($X per ton), while the average price for exports to Hungary ($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 Hungary (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Acrylic Acid Esters Imports

Imports into Switzerland

In 2022, after three years of growth, there was significant decline in overseas purchases of esters of acrylic acid, when their volume decreased by -8.7% to X tons. The total import volume increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when imports increased by 28% against the previous year. Imports peaked at X tons in 2021, and then declined in the following year.

In value terms, acrylic acid esters imports expanded to $X in 2022. Overall, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% 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 +83.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 78% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Germany (X tons), Belgium (X tons) and France (X tons) were the main suppliers of acrylic acid esters imports to Switzerland, together comprising 66% of total imports. The Czech Republic, Taiwan (Chinese), China and South Korea lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +15.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and China ($X) appeared to be the largest acrylic acid esters suppliers to Switzerland, together accounting for 58% of total imports.

China, with a CAGR of +16.6%, saw the highest rates of growth with regard to 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

In 2022, the average acrylic acid esters import price amounted to $X per ton, growing by 13% against the previous year. Over the period under review, the import price saw a slight expansion. The growth pace was the most rapid in 2021 when the average import price increased by 62% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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