Switzerland: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Switzerland

After two years of growth, the Swiss market for malt extract and food preparations of flour, meal, and starches decreased by -44.5% to $X in 2022. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2021, and then fell remarkably in the following year.

Production of Malt Extract And Food Preparations Of Flour, Meal, And Starch in Switzerland

In value terms, production of malt extract and food preparations of flour, meal, and starches stood at $X in 2022 estimated in export price. Overall, production saw a resilient expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 62% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth failed to regain momentum.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports from Switzerland

In 2022, approx. X tons of malt extract and food preparations of flour, meal, and starches were exported from Switzerland; with an increase of 59% compared with 2021 figures. In general, total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.9% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of malt extract and food preparations of flour, meal, and starches soared to $X in 2022. Overall, exports continue to indicate a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for exports of malt extract and food preparations of flour, meal, and starches from Switzerland, accounting for a 45% share of total exports. Moreover, exports of malt extract and food preparations of flour, meal, and starches to Russia exceeded the volume sent to the second major destination, Germany (X tons), fivefold. The third position in this ranking was taken by the Netherlands (X tons), with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to +72.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-7.5% per year) and the Netherlands (+4.4% per year).

In value terms, Russia ($X) emerged as the key foreign market for malt extract and food preparations of flour, meal, and starches exports from Switzerland, comprising 50% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 9.8% share of total exports. It was followed by Germany, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia totaled +63.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+7.2% per year) and Germany (-5.9% per year).

Export Prices by Country

In 2022, the average export price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, rising by 7.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The pace of growth was the most pronounced in 2020 when the average export price increased by 20% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Saudi Arabia ($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 France (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports into Switzerland

In 2022, supplies from abroad of malt extract and food preparations of flour, meal, and starches increased by 8.2% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 12% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of malt extract and food preparations of flour, meal, and starches amounted to $X in 2022. The total import value increased at an average annual rate of +3.2% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 20% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of malt extract and food preparations of flour, meal, and starch to Switzerland, accounting for a 45% share of total imports. Moreover, imports of malt extract and food preparations of flour, meal, and starches from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The third position in this ranking was held by Belgium (X tons), with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-0.4% per year) and Belgium (+3.1% per year).

In value terms, Germany ($X) constituted the largest supplier of malt extract and food preparations of flour, meal, and starches to Switzerland, comprising 39% of total imports. The second position in the ranking was taken by France ($X), with a 17% share of total imports. It was followed by Austria, with an 8.2% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+2.7% per year) and Austria (+11.4% per year).

Import Prices by Country

The average import price for malt extract and food preparations of flour, meal, and starches stood at $X per ton in 2022, which is down by -6.3% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 14%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Austria ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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