Switzerland: Market for Industrial Tall Oil Fatty Acids 2024

Market Size for Industrial Tall Oil Fatty Acids in Switzerland

The Swiss tall oil fatty acids market soared to $X in 2021, rising by 22% against 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). The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Industrial Tall Oil Fatty Acids

Exports from Switzerland

In 2021, overseas shipments of industrial tall oil fatty acids decreased by -23.3% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2016 when exports increased by 387%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, tall oil fatty acids exports reduced markedly to $X in 2021. Overall, exports recorded a abrupt contraction. The growth pace was the most rapid in 2016 with an increase of 265% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for tall oil fatty acids exports from Switzerland, accounting for a 92% share of total exports. Moreover, tall oil fatty acids exports to China exceeded the volume sent to the second major destination, Turkey (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at -2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-59.9% per year) and Germany (-42.2% per year).

In value terms, China ($X) remains the key foreign market for industrial tall oil fatty acids exports from Switzerland, comprising 86% of total exports. The second position in the ranking was taken by Turkey ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled -9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-47.1% per year) and Germany (-41.9% per year).

Export Prices by Country

The average tall oil fatty acids export price stood at $X per ton in 2021, shrinking by -2.6% against the previous year. Overall, the export price recorded a noticeable decrease. The pace of growth appeared the most rapid in 2020 when the average export price increased by 71%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Turkey ($X per ton), while the average price for exports to China ($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 Turkey (+32.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Industrial Tall Oil Fatty Acids

Imports into Switzerland

In 2021, approx. X tons of industrial tall oil fatty acids were imported into Switzerland; jumping by 18% compared with 2020 figures. In general, imports, however, showed a relatively flat trend pattern. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, tall oil fatty acids imports soared to $X in 2021. The total import value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Finland (X tons), Belgium (X tons) and Austria (X tons) were the main suppliers of tall oil fatty acids imports to Switzerland, together accounting for 43% of total imports. These countries were followed by China, the Netherlands and the United States, which together accounted for a further 6.2%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +113.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tall oil fatty acids suppliers to Switzerland were Finland ($X), Belgium ($X) and China ($X), together comprising 44% of total imports.

In terms of the main suppliers, China, with a CAGR of +81.9%, 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 tall oil fatty acids import price amounted to $X per ton, picking up by 4.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2018 an increase of 15%. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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