Switzerland: Crude Palm Oil Market 2025

Crude Palm Oil Market Size in Switzerland

The Swiss crude palm oil market rose notably to $X in 2022, growing by 5.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a abrupt decrease. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Crude Palm Oil Exports

Exports from Switzerland

In 2022, shipments abroad of crude palm oil decreased by -1.5% to X tons, falling for the second year in a row after two years of growth. In general, exports recorded a dramatic decrease. The most prominent rate of growth was recorded in 2020 with an increase of 3,552%. 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, crude palm oil exports expanded markedly to $X in 2022. Overall, exports saw a abrupt downturn. The growth pace was the most rapid in 2020 when exports increased by 1,183%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for crude palm oil exports from Switzerland, accounting for a 86% share of total exports. Moreover, crude palm oil exports to Germany exceeded the volume sent to the second major destination, Austria (X kg), sixfold.

From 2014 to 2022, the average annual growth rate of volume to Germany totaled +10.0%.

In value terms, Germany ($X) remains the key foreign market for crude palm oil exports from Switzerland, comprising 82% of total exports. The second position in the ranking was taken by Austria ($X), with an 18% share of total exports.

From 2014 to 2022, the average annual growth rate of value to Germany stood at +19.0%.

Export Prices by Country

The average crude palm oil export price stood at $X per ton in 2022, rising by 15% against the previous year. Overall, the export price showed a significant expansion. The most prominent rate of growth was recorded in 2021 an increase of 181%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Germany stood at $X per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+86.8%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Palm Oil Imports

Imports into Switzerland

For the third year in a row, Switzerland recorded decline in supplies from abroad of crude palm oil, which decreased by -17.1% to X tons in 2022. Overall, imports continue to indicate a deep reduction. The growth pace was the most rapid in 2019 when imports increased by 19% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, crude palm oil imports rose significantly to $X in 2022. Over the period under review, imports showed a pronounced curtailment. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Solomon Islands (X tons), Cote d'Ivoire (X tons) and Madagascar (X tons) were the main suppliers of crude palm oil imports to Switzerland, together accounting for 97% of total imports. Brazil and Malaysia lagged somewhat behind, together comprising a further 2.3%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +198.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest crude palm oil suppliers to Switzerland were Solomon Islands ($X), Cote d'Ivoire ($X) and Madagascar ($X), with a combined 97% share of total imports. Brazil and Malaysia lagged somewhat behind, together accounting for a further 2.5%.

Brazil, with a CAGR of +178.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 crude palm oil import price amounted to $X per ton, increasing by 38% against the previous year. In general, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude palm oil import price increased by +98.2% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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