Switzerland: P-Xylene Market 2024

P-Xylene Market Size in Switzerland

In 2021, the Swiss p-xylene market decreased by -16.3% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption, however, showed a remarkable increase. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

P-Xylene Production in Switzerland

In value terms, p-xylene production contracted modestly to $X in 2021 estimated in export price. Overall, production, however, showed a buoyant increase. The growth pace was the most rapid in 2018 with an increase of 162%. Over the period under review, production reached the peak level at $X in 2020, and then fell modestly in the following year.

P-Xylene Exports

Exports from Switzerland

P-xylene exports from Switzerland skyrocketed to X tons in 2021, with an increase of 37% against 2020 figures. Overall, total exports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +100.7% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 50%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, p-xylene exports skyrocketed to $X in 2021. In general, exports, however, saw a mild contraction. The most prominent rate of growth was recorded in 2014 with an increase of 697%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for p-xylene exports from Switzerland, with a 60% share of total exports. Moreover, p-xylene exports to Germany exceeded the volume sent to the second major destination, Belgium (X kg), fourfold. The UK (X kg) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled -1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+22.0% per year) and the UK (+31.0% per year).

In value terms, Germany ($X) remains the key foreign market for p-xylene exports from Switzerland, comprising 50% of total exports. The second position in the ranking was taken by the UK ($X), with a 19% share of total exports. It was followed by Belgium, with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at -7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+22.7% per year) and Belgium (+18.3% per year).

Export Prices by Country

The average p-xylene export price stood at $X per ton in 2021, which is down by -3.4% against the previous year. Overall, the export price saw a perceptible decrease. The most prominent rate of growth was recorded in 2014 when the average export price increased by 979%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to Germany ($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 South Korea (+2.3%), while the prices for the other major destinations experienced a decline.

P-Xylene Imports

Imports into Switzerland

In 2021, approx. X tons of p-xylene were imported into Switzerland; surging by 183% against the year before. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2014 when imports increased by 665%. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, p-xylene imports skyrocketed to $X in 2021. In general, imports posted a prominent expansion. The pace of growth was the most pronounced in 2014 when imports increased by 596%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, the United States (X tons) was the main p-xylene supplier to Switzerland, with a 95% share of total imports. Moreover, p-xylene imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +23.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.5% per year) and Belgium (-8.4% per year).

In value terms, the United States ($X) constituted the largest supplier of p-xylene to Switzerland, comprising 90% of total imports. The second position in the ranking was held by Germany ($X), with an 8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +18.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.4% per year) and Belgium (-10.3% per year).

Import Prices by Country

In 2021, the average p-xylene import price amounted to $X per ton, remaining stable against the previous year. In general, the import price, however, continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 79%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for the United States ($X per ton) was 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

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