Switzerland: Peanut Butter Market 2025

Peanut Butter Market Size in Switzerland

In 2022, after two years of decline, there was growth in the Swiss peanut butter market, when its value increased by 0.4% to $X. Overall, consumption, however, recorded a prominent increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Peanut Butter Production in Switzerland

In value terms, peanut butter production shrank to $X in 2022 estimated in export price. In general, production, however, posted a significant increase. The growth pace was the most rapid in 2018 when the production volume increased by 94%. Peanut butter production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Peanut Butter Exports

Exports from Switzerland

After two years of growth, overseas shipments of peanut butter and prepared or preserved groundnuts decreased by -20% to X tons in 2022. Over the period under review, exports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 281% against the previous year. The exports peaked at X tons in 2021, and then dropped remarkably in the following year.

In value terms, peanut butter exports fell to $X in 2022. Overall, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2016 when exports increased by 242% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then reduced in the following year.

Exports by Country

Austria (X tons) was the main destination for peanut butter exports from Switzerland, accounting for a 96% share of total exports. It was followed by Spain (X tons), with a 2.4% share of total exports. The third position in this ranking was taken by the Netherlands (X kg), with a 0.3% share.

From 2012 to 2022, the average annual growth rate of volume to Austria amounted to +55.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+100.9% per year) and the Netherlands (+5.5% per year).

In value terms, Austria ($X) remains the key foreign market for peanut butter and prepared or preserved groundnuts exports from Switzerland, comprising 95% of total exports. The second position in the ranking was taken by Spain ($X), with a 2.7% share of total exports. It was followed by the Netherlands, with a 0.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Austria stood at +54.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+88.0% per year) and the Netherlands (+2.9% per year).

Export Prices by Country

The average peanut butter export price stood at $X per ton in 2022, growing by 7.6% against the previous year. In general, the export price, however, saw a noticeable curtailment. The growth pace was the most rapid in 2017 when the average export price increased by 19%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to the Netherlands ($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 Italy (+23.5%), while the prices for the other major destinations experienced more modest paces of growth.

Peanut Butter Imports

Imports into Switzerland

In 2022, supplies from abroad of peanut butter and prepared or preserved groundnuts decreased by -4.8% to X tons, falling for the second consecutive year after nine years of growth. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 6.4%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, peanut butter imports reduced to $X in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 13%. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of peanut butter to Switzerland, accounting for a 56% share of total imports. Moreover, peanut butter imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fivefold. The third position in this ranking was held by Argentina (X tons), with an 8.2% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+3.9% per year) and Argentina (-3.3% per year).

In value terms, Germany ($X) constituted the largest supplier of peanut butter and prepared or preserved groundnuts to Switzerland, comprising 54% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an 11% share of total imports. It was followed by the United States, with a 6.8% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+3.2% per year) and the United States (-4.2% per year).

Import Prices by Country

In 2022, the average peanut butter import price amounted to $X per ton, dropping by -2.1% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 8.2%. The import price peaked at $X per ton in 2021, and then contracted modestly in the following year.

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 the United States ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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