Switzerland: Inulin Market 2024

Inulin Market Size in Switzerland

In 2021, the Swiss inulin market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Inulin Production in Switzerland

In value terms, inulin production stood at $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 24%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Inulin Exports

Exports from Switzerland

Inulin exports from Switzerland surged to X tons in 2021, jumping by 1,649% on 2020. Overall, exports recorded a pronounced increase. The pace of growth appeared the most rapid in 2019 with an increase of 24,800%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, inulin exports soared to $X in 2021. Over the period under review, exports posted a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of 16,440%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the near future.

Exports by Country

Germany (X tons) was the main destination for inulin exports from Switzerland, accounting for a 78% share of total exports. Moreover, inulin exports to Germany exceeded the volume sent to the second major destination, the United States (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +64.8%.

In value terms, the largest markets for inulin exported from Switzerland were Germany ($X) and the United States ($X).

Among the main countries of destination, the United States, with a CAGR of +865.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average inulin export price stood at $X per ton in 2021, waning by -22.5% against the previous year. Over the period under review, the export price, however, saw buoyant growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 303%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Germany totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+23.4%), while the prices for the other major destinations experienced more modest paces of growth.

Inulin Imports

Imports into Switzerland

For the fourth consecutive year, Switzerland recorded growth in supplies from abroad of inulin, which increased by 22% to X tons in 2021. Over the period under review, total imports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +105.3% against 2015 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 38% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, inulin imports surged to $X in 2021. Overall, imports continue to indicate strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Belgium (X tons) constituted the largest inulin supplier to Switzerland, with a 60% share of total imports. Moreover, inulin imports from Belgium exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. Mexico (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium totaled +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-1.7% per year) and Mexico (+31.2% per year).

In value terms, Belgium ($X) constituted the largest supplier of inulin to Switzerland, comprising 47% of total imports. The second position in the ranking was taken by Mexico ($X), with a 23% share of total imports. It was followed by the Netherlands, with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium totaled +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+41.7% per year) and the Netherlands (-0.8% per year).

Import Prices by Country

The average inulin import price stood at $X per ton in 2021, with an increase of 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 22% against the previous year. Over the period under review, average import prices hit record highs in 2021 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 Mexico ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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