Switzerland: Propylene Oxide Market 2024

Propylene Oxide Market Size in Switzerland

In 2021, the Swiss propylene oxide market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Propylene Oxide Exports

Exports from Switzerland

In 2021, the amount of methyloxirane (propylene oxide) exported from Switzerland contracted sharply to X tons, waning by -81.9% compared with 2020 figures. In general, exports, however, posted a tangible increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,045% against the previous year. As a result, the exports attained the peak of X tons, and then dropped rapidly in the following year.

In value terms, propylene oxide exports shrank notably to $X in 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 166% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons), South Korea (X tons) and France (X tons) were the main destinations of propylene oxide exports from Switzerland, together accounting for 91% 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 South Korea (with a CAGR of +83.7%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for methyloxirane (propylene oxide) exports from Switzerland, comprising 44% of total exports. The second position in the ranking was held by South Korea ($X), with a 20% share of total exports. It was followed by France, with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at -7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+51.6% per year) and France (+11.8% per year).

Export Prices by Country

In 2021, the average propylene oxide export price amounted to $X per ton, with an increase of 241% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable slump. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to South Korea ($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 Israel (+16.1%), while the prices for the other major destinations experienced a decline.

Propylene Oxide Imports

Imports into Switzerland

In 2021, overseas purchases of methyloxirane (propylene oxide) increased by 17% 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 +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 22%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, propylene oxide imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of propylene oxide imports to Switzerland, with a combined 96% share of total imports. France lagged somewhat behind, comprising a further 3.9%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +36.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest propylene oxide suppliers to Switzerland were the Netherlands ($X), Belgium ($X) and Germany ($X), together comprising 96% of total imports.

In terms of the main suppliers, Belgium, with a CAGR of +16.8%, 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

The average propylene oxide import price stood at $X per ton in 2021, with an increase of 23% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from France ($X per ton) and Germany ($X per ton), while the price for Belgium ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :