Switzerland: Mercury Market 2024

Mercury Market Size in Switzerland

In 2021, after nine years of growth, there was significant decline in the Swiss mercury market, when its value decreased by -9.5% to $X. Overall, consumption, however, saw a significant expansion. Over the period under review, the market hit record highs at $X in 2020, and then declined in the following year.

Mercury Production in Switzerland

In value terms, mercury production dropped modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the production volume increased by 14% against the previous year. Mercury production peaked at $X in 2020, and then fell in the following year.

Mercury Exports

Exports from Switzerland

In 2021, shipments abroad of mercuries was finally on the rise to reach X tons after eight years of decline. In general, exports, however, showed a precipitous decrease. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, mercury exports soared to $X in 2021. Over the period under review, exports, however, faced a dramatic downturn. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Australia (X tons) was the main destination for mercury exports from Switzerland, accounting for a 63% share of total exports. Moreover, mercury exports to Australia exceeded the volume sent to the second major destination, Turkey (X tons), twofold. The third position in this ranking was taken by Spain (X kg), with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia amounted to +93.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-29.7% per year) and Spain (+11.6% per year).

In value terms, the largest markets for mercury exported from Switzerland were Australia ($X), Turkey ($X) and Spain ($X), together accounting for 93% of total exports.

Among the main countries of destination, Australia, with a CAGR of +93.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average mercury export price stood at $X per ton in 2021, which is down by -57.7% against the previous year. In general, the export price, however, posted a prominent increase. The growth pace was the most rapid in 2016 an increase of 115% against the previous year. The export price peaked at $X per ton in 2020, and then fell rapidly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Australia ($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 China (+66.2%), while the prices for the other major destinations experienced more modest paces of growth.

Mercury Imports

Imports into Switzerland

In 2021, mercury imports into Switzerland shrank markedly to X kg, waning by -29.3% compared with the previous year's figure. In general, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2019 with an increase of 272,400% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, mercury imports surged to $X in 2021. Overall, imports showed a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of 300,066% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Italy (X kg) constituted the largest mercury supplier to Switzerland, with a 63% share of total imports. Moreover, mercury imports from Italy exceeded the figures recorded by the second-largest supplier, the Czech Republic (X kg), fivefold. The third position in this ranking was held by the UK (X kg), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Italy amounted to -26.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (0.0% per year) and the UK (0.0% per year).

In value terms, Italy ($X) constituted the largest supplier of mercuries to Switzerland, comprising 45% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 20% share of total imports. It was followed by the UK, with an 18% share.

From 2012 to 2021, the average annual growth rate of value from Italy totaled +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+71,100.0% per year) and the UK (0.0% per year).

Import Prices by Country

The average mercury import price stood at $X per ton in 2021, with an increase of 79% against the previous year. In general, the import price, however, continues to indicate a abrupt downturn. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+84.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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