Switzerland: Potassium Nitrate Market 2024

Potassium Nitrate Market Size in Switzerland

The Swiss potassium nitrate market expanded rapidly to $X in 2022, rising by 11% against the previous year. In general, consumption saw a relatively flat trend pattern. Potassium nitrate consumption peaked in 2022 and is expected to retain growth in years to come.

Potassium Nitrate Production in Switzerland

In value terms, potassium nitrate production amounted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2018 when the production volume increased by 88%. Potassium nitrate production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Potassium Nitrate Exports

Exports from Switzerland

In 2022, approx. X tons of potassium nitrates were exported from Switzerland; growing by 25% against 2021. Overall, exports, however, saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 463% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, potassium nitrate exports surged to $X in 2022. Over the period under review, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 51%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for potassium nitrate exports from Switzerland, accounting for a 93% share of total exports. Moreover, potassium nitrate exports to Germany exceeded the volume sent to the second major destination, the United States (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled -1.1%.

In value terms, Germany ($X) remains the key foreign market for potassium nitrates exports from Switzerland, comprising 88% of total exports. The second position in the ranking was held by the United States ($X), with a 6.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +5.0%.

Export Prices by Country

In 2022, the average potassium nitrate export price amounted to $X per ton, remaining stable against the previous year. Over the period under review, the export price, however, posted resilient growth. The most prominent rate of growth was recorded in 2021 an increase of 637%. As a result, the export price attained the peak level of $X per ton, leveling off in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Germany totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+26.4%), while the prices for the other major destinations experienced more modest paces of growth.

Potassium Nitrate Imports

Imports into Switzerland

In 2022, approx. X tons of potassium nitrates were imported into Switzerland; with an increase of 26% against the previous year. In general, total imports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.9% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 66% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, potassium nitrate imports surged to $X in 2022. Over the period under review, imports recorded strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Israel (X tons), Belgium (X tons) and Chile (X tons) were the main suppliers of potassium nitrate imports to Switzerland, with a combined 67% share of total imports. France, Spain, the Netherlands and Poland lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +113.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest potassium nitrate suppliers to Switzerland were Israel ($X), Belgium ($X) and Chile ($X), with a combined 64% share of total imports. France, Spain, the Netherlands and Poland lagged somewhat behind, together accounting for a further 28%.

In terms of the main suppliers, Spain, with a CAGR of +81.7%, recorded the highest growth rate of 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 potassium nitrate import price amounted to $X per ton, jumping by 55% against the previous year. Over the period under review, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, potassium nitrate import price increased by +66.5% against 2020 indices. As a result, import price reached the peak level and is likely to continue 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 Poland ($X per ton), while the price for the Netherlands ($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 (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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