Switzerland: Market for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters 2024

Market Size for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters in Switzerland

In 2021, the Swiss market for oleic, linoleic or linolenic acids, their salts and esters was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, the total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -19.8% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters in Switzerland

In value terms, oleic, linoleic or linolenic acids production reduced markedly to $X in 2021 estimated in export price. In general, production, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of 116% against the previous year. Oleic, linoleic or linolenic acids production peaked at $X in 2020, and then dropped notably in the following year.

Exports of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters

Exports from Switzerland

In 2021, exports of oleic, linoleic or linolenic acids, their salts and esters from Switzerland skyrocketed to X tons, with an increase of 57% on the previous year's figure. Over the period under review, exports showed buoyant growth. The pace of growth was the most pronounced in 2016 when exports increased by 101% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, oleic, linoleic or linolenic acids exports soared to $X in 2021. In general, exports showed a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of 129% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Sweden (X tons), Germany (X tons) and China (X tons) were the main destinations of oleic, linoleic or linolenic acids exports from Switzerland, with a combined 73% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +167.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) remains the key foreign market for oleic, linoleic or linolenic acids, their salts and esters exports from Switzerland, comprising 36% of total exports. The second position in the ranking was taken by Germany ($X), with a 17% share of total exports. It was followed by Austria, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to Sweden amounted to +136.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+6.8% per year) and Austria (+44.2% per year).

Export Prices by Country

The average export price for oleic, linoleic or linolenic acids, their salts and esters stood at $X per ton in 2021, shrinking by -25.3% against the previous year. Over the period under review, the export price showed a pronounced downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by 30% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to the Netherlands ($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 the Netherlands (+2.0%), while the prices for the other major destinations experienced a decline.

Imports of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters

Imports into Switzerland

In 2021, purchases abroad of oleic, linoleic or linolenic acids, their salts and esters was finally on the rise to reach X tons after two years of decline. In general, imports posted a perceptible expansion. The pace of growth was the most pronounced in 2014 when imports increased by 77%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, oleic, linoleic or linolenic acids imports surged to $X in 2021. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest oleic, linoleic or linolenic acids supplier to Switzerland, accounting for a 80% share of total imports. Moreover, oleic, linoleic or linolenic acids imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), ninefold. Denmark (X tons) ranked third in terms of total imports with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+23.7% per year) and Denmark (+0.0% per year).

In value terms, the largest oleic, linoleic or linolenic acids suppliers to Switzerland were Italy ($X), Germany ($X) and France ($X), together accounting for 87% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +23.4%, 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 2021, the average import price for oleic, linoleic or linolenic acids, their salts and esters amounted to $X per ton, rising by 14% against the previous year. In general, import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, oleic, linoleic or linolenic acids import price increased by +77.1% against 2015 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 38% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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