Switzerland: Oxides Of Boron Market 2024

Oxides Of Boron Market Size in Switzerland

In 2022, the Swiss oxides of boron market increased by 34% to $X, rising for the second consecutive year after two years of decline. Overall, consumption showed a temperate increase. Oxides of boron consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Oxides Of Boron Exports

Exports from Switzerland

In 2022, after two years of growth, there was decline in overseas shipments of oxides of boron, boric acids and inorganic acids, when their volume decreased by -1.7% to X tons. Overall, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of 23%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, oxides of boron exports soared to $X in 2022. In general, exports, however, enjoyed buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons), Germany (X tons) and Italy (X tons) were the main destinations of oxides of boron exports from Switzerland, with a combined 63% share of total exports. Austria, Japan, the UK, Sweden, Poland, Belgium, the Netherlands and the United States lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +49.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Italy ($X) were the largest markets for oxides of boron exported from Switzerland worldwide, together comprising 63% of total exports. The UK, the United States, Sweden, Japan, Austria, Belgium, Poland and the Netherlands lagged somewhat behind, together comprising a further 32%.

The UK, with a CAGR of +42.7%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average oxides of boron export price amounted to $X per ton, picking up by 49% against the previous year. Over the period under review, the export price showed a prominent expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by 86% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Italy ($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 the United States (+39.8%), while the prices for the other major destinations experienced more modest paces of growth.

Oxides Of Boron Imports

Imports into Switzerland

In 2022, overseas purchases of oxides of boron, boric acids and inorganic acids were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 101%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, oxides of boron imports surged to $X in 2022. Over the period under review, total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 +86.0% against 2017 indices. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Indonesia (X tons), the Netherlands (X tons) and China (X tons) were the main suppliers of oxides of boron imports to Switzerland, together accounting for 46% of total imports. Germany, Turkey, the United States, France, Taiwan (Chinese) and Belgium lagged somewhat behind, together comprising a further 50%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +61.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest oxides of boron suppliers to Switzerland were China ($X), Germany ($X) and the Netherlands ($X), together comprising 66% of total imports. France, the United States, Indonesia, Turkey, Taiwan (Chinese) and Belgium lagged somewhat behind, together comprising a further 29%.

Turkey, with a CAGR of +57.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average oxides of boron import price stood at $X per ton in 2022, picking up by 28% against the previous year. Overall, the import price recorded a pronounced increase. The most prominent rate of growth was recorded in 2017 an increase of 43% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

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 China ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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