Switzerland: Market for Palmitic Acid, Stearic Acid, Their Salts And Esters 2024

Market Size for Palmitic Acid, Stearic Acid, Their Salts And Esters in Switzerland

The Swiss market for palmitic acid, stearic acid, their salts and esters surged to $X in 2021, with an increase of 19% 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). Over the period under review, the total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +62.3% against 2019 indices. Consumption of peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Exports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Exports from Switzerland

In 2021, the amount of palmitic acid, stearic acid, their salts and esters exported from Switzerland skyrocketed to X tons, picking up by 73% compared with the year before. Overall, exports, however, showed a abrupt decline. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of palmitic acid, stearic acid, their salts and esters surged to $X in 2021. Over the period under review, exports, however, saw a abrupt decline. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons), Germany (X tons) and Poland (X tons) were the main destinations of exports of palmitic acid, stearic acid, their salts and esters from Switzerland, together comprising 67% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +67.4%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for palmitic acid, stearic acid, their salts and esters exports from Switzerland, comprising 37% of total exports. The second position in the ranking was taken by China ($X), with a 13% share of total exports. It was followed by South Korea, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled -10.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+4.8% per year) and South Korea (+23.2% per year).

Export Prices by Country

The average export price for palmitic acid, stearic acid, their salts and esters stood at $X per ton in 2021, declining by -22.7% against the previous year. In general, the export price, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 77% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank notably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to China ($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 Germany (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Imports into Switzerland

In 2021, purchases abroad of palmitic acid, stearic acid, their salts and esters increased by 56% to X tons, rising for the second year in a row after five years of decline. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports of attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, imports of palmitic acid, stearic acid, their salts and esters rose sharply to $X in 2021. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 15% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

Italy (X tons), Germany (X tons) and Spain (X tons) were the main suppliers of imports of palmitic acid, stearic acid, their salts and esters to Switzerland, together comprising 93% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +27.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest palmitic acid, stearic acid, their salts and esters suppliers to Switzerland were Italy ($X), Germany ($X) and France ($X), with a combined 83% share of total imports. Spain and Malaysia lagged somewhat behind, together accounting for a further 5.5%.

In terms of the main suppliers, Spain, with a CAGR of +23.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average import price for palmitic acid, stearic acid, their salts and esters amounted to $X per ton, waning by -29.3% against the previous year. Over the period under review, the import price, however, continues to indicate a slight expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 38% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 Malaysia (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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