Switzerland: Maize Oil Market 2024

Maize Oil Market Size in Switzerland

The Swiss maize oil market reduced to $X in 2022, which is down by -5.8% against the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Maize Oil Production in Switzerland

In value terms, maize oil production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 56% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Maize Oil Exports

Exports from Switzerland

In 2022, exports of maize oil from Switzerland was estimated at X tons, picking up by 3.7% on the year before. Overall, exports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 139%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, maize oil exports reduced dramatically to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 86% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for maize oil exports from Switzerland, with a 67% share of total exports. Moreover, maize oil exports to Germany exceeded the volume sent to the second major destination, South Korea (X kg), fivefold. The third position in this ranking was taken by the UK (X kg), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+27.5% per year) and the UK (+0.6% per year).

In value terms, South Korea ($X), Germany ($X) and the UK ($X) constituted the largest markets for maize oil exported from Switzerland worldwide, together accounting for 96% of total exports.

In terms of the main countries of destination, South Korea, with a CAGR of +25.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average maize oil export price amounted to $X per ton, shrinking by -19.8% against the previous year. Over the period under review, the export price, however, recorded a strong increase. The growth pace was the most rapid in 2015 an increase of 107% against the previous year. The export price peaked at $X per ton in 2021, and then dropped sharply in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Germany ($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 Italy (+44.5%), while the prices for the other major destinations experienced more modest paces of growth.

Maize Oil Imports

Imports into Switzerland

Maize oil imports into Switzerland contracted remarkably to X tons in 2022, which is down by -35.7% against the previous year. Over the period under review, imports showed a deep downturn. The pace of growth appeared the most rapid in 2016 when imports increased by 53% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, maize oil imports reduced rapidly to $X in 2022. Overall, imports showed a perceptible downturn. The pace of growth was the most pronounced in 2016 with an increase of 42% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Austria (X tons), France (X tons) and Italy (X tons) were the main suppliers of maize oil imports to Switzerland, together accounting for 93% of total imports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +145.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest maize oil suppliers to Switzerland were France ($X), Austria ($X) and Italy ($X), together comprising 89% of total imports.

Among the main suppliers, Austria, with a CAGR of +149.4%, 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 2022, the average maize oil import price amounted to $X per ton, rising by 19% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, maize oil import price increased by +81.7% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 22% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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