Switzerland: Expansible Polystyrene Market 2024

Expansible Polystyrene Market Size in Switzerland

In 2021, the Swiss expansible polystyrene market increased by 72% to $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, saw a perceptible shrinkage. Expansible polystyrene consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Expansible Polystyrene Exports

Exports from Switzerland

In 2021, overseas shipments of expansible polystyrene in primary forms decreased by -51.6% to X tons, falling for the third consecutive year after two years of growth. In general, exports continue to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2014 when exports increased by 146%. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, expansible polystyrene exports soared to $X in 2021. Over the period under review, exports, however, posted a moderate expansion. The most prominent rate of growth was recorded in 2014 with an increase of 69%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Italy (X tons) was the main destination for expansible polystyrene exports from Switzerland, with a 51% share of total exports. Moreover, expansible polystyrene exports to Italy exceeded the volume sent to the second major destination, Germany (X tons), twofold. The third position in this ranking was held by Belgium (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Italy stood at +12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-15.2% per year) and Belgium (+71.2% per year).

In value terms, Italy ($X) emerged as the key foreign market for expansible polystyrene in primary forms exports from Switzerland, comprising 65% of total exports. The second position in the ranking was held by Austria ($X), with a 12% share of total exports. It was followed by Belgium, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy totaled +20.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+25.3% per year) and Belgium (+145.3% per year).

Export Prices by Country

In 2021, the average expansible polystyrene export price amounted to $X per ton, surging by 234% against the previous year. Overall, the export price enjoyed a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+43.2%), while the prices for the other major destinations experienced more modest paces of growth.

Expansible Polystyrene Imports

Imports into Switzerland

In 2021, overseas purchases of expansible polystyrene in primary forms increased by 23% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, showed a pronounced decrease. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, expansible polystyrene imports surged to $X in 2021. Over the period under review, imports, however, showed a pronounced decline. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Austria (X tons) were the main suppliers of expansible polystyrene imports to Switzerland, together accounting for 90% of total imports. Hungary, Greece and the Czech Republic lagged somewhat behind, together comprising a further 7%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +40.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), the Netherlands ($X) and Austria ($X) constituted the largest expansible polystyrene suppliers to Switzerland, with a combined 91% share of total imports. Hungary, Greece and the Czech Republic lagged somewhat behind, together accounting for a further 6.7%.

Among the main suppliers, Hungary, with a CAGR of +41.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average expansible polystyrene import price amounted to $X per ton, rising by 77% against the previous year. In general, import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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