Switzerland: Market for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium 2024

Market Size for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in Switzerland

The Swiss magnesium hydroxide and peroxide market fell to $X in 2022, approximately reflecting the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed buoyant growth. As a result, consumption attained the peak level of $X, and then dropped slightly in the following year.

Exports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Exports from Switzerland

In 2022, approx. X tons of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium were exported from Switzerland; shrinking by -34.1% on 2021. Overall, exports continue to indicate a abrupt decline. The growth pace was the most rapid in 2017 with an increase of 106%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, magnesium hydroxide and peroxide exports rose rapidly to $X in 2022. In general, exports saw a pronounced downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 98%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Austria (X tons), Germany (X tons) and the United States (X kg) were the main destinations of magnesium hydroxide and peroxide exports from Switzerland, together accounting for 92% 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 the United States (with a CAGR of +34.7%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for magnesium hydroxide and peroxide exported from Switzerland were Germany ($X), South Korea ($X) and Austria ($X), together accounting for 78% of total exports. The United States lagged somewhat behind, comprising a further 17%.

The United States, with a CAGR of +31.8%, saw 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

The average magnesium hydroxide and peroxide export price stood at $X per ton in 2022, growing by 69% against the previous year. Overall, the export price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2020 an increase of 353%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Austria ($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 Netherlands (+83.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Imports into Switzerland

For the seventh year in a row, Switzerland recorded growth in purchases abroad of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium, which increased by 3% to X tons in 2022. In general, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2016 when imports increased by 35% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, magnesium hydroxide and peroxide imports shrank to $X in 2022. Overall, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 +62.1% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 71%. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of magnesium hydroxide and peroxide to Switzerland, with a 72% share of total imports. Moreover, magnesium hydroxide and peroxide imports from Italy exceeded the figures recorded by the second-largest supplier, Austria (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a 7.6% share.

From 2012 to 2022, the average annual growth rate of volume from Italy stood at +172.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-3.2% per year) and Germany (+8.1% per year).

In value terms, the largest magnesium hydroxide and peroxide suppliers to Switzerland were Austria ($X), Italy ($X) and Germany ($X), with a combined 95% share of total imports.

Italy, with a CAGR of +165.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average magnesium hydroxide and peroxide import price stood at $X per ton in 2022, falling by -8% against the previous year. In general, the import price continues to indicate a deep contraction. The growth pace was the most rapid in 2021 when the average import price increased by 30% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Russia ($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 (+25.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :