Switzerland: Iron Oxide Pigment Market 2024

Iron Oxide Pigment Market Size in Switzerland

After two years of growth, the Swiss iron oxide pigment market decreased by -2.9% to $X in 2021. In general, consumption showed buoyant growth. Over the period under review, the market reached the maximum level at $X in 2020, and then declined slightly in the following year.

Iron Oxide Pigment Production in Switzerland

In value terms, iron oxide pigment production declined to $X in 2021 estimated in export price. In general, production, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2019 with an increase of 106%. Over the period under review, production reached the peak level at $X in 2020, and then reduced in the following year.

Iron Oxide Pigment Exports

Exports from Switzerland

In 2021, approx. X tons of iron oxide pigments were exported from Switzerland; with a decrease of -8.2% against 2020 figures. Overall, exports saw a dramatic downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 252% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, iron oxide pigment exports shrank markedly to $X in 2021. In general, exports faced a precipitous decline. The growth pace was the most rapid in 2017 with an increase of 214%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons), Germany (X tons) and Austria (X tons) were the main destinations of iron oxide pigment exports from Switzerland, with a combined 80% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +104.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron oxide pigment exported from Switzerland were Germany ($X), Austria ($X) and Poland ($X), with a combined 68% share of total exports.

In terms of the main countries of destination, Poland, with a CAGR of +106.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average iron oxide pigment export price amounted to $X per ton, waning by -14.6% against the previous year. In general, export price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, iron oxide pigment export price decreased by -43.8% against 2015 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 53%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the 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 Netherlands ($X per ton), while the average price for exports to Italy ($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 the Netherlands (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Oxide Pigment Imports

Imports into Switzerland

In 2021, purchases abroad of iron oxide pigments was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, recorded a perceptible slump. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, iron oxide pigment imports expanded markedly to $X in 2021. Over the period under review, imports, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 22%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of iron oxide pigment to Switzerland, with a 83% share of total imports. Moreover, iron oxide pigment imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold. Italy (X tons) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+43.7% per year) and Italy (-23.2% per year).

In value terms, Germany ($X) constituted the largest supplier of iron oxide pigments to Switzerland, comprising 76% of total imports. The second position in the ranking was held by Italy ($X), with a 7.9% share of total imports. It was followed by Spain, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-17.4% per year) and Spain (+42.5% per year).

Import Prices by Country

In 2021, the average iron oxide pigment import price amounted to $X per ton, falling by -2.2% against the previous year. Overall, the import price continues to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 16% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Italy ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+7.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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