Switzerland: Sodium Phosphates Market 2024

Sodium Phosphates Market Size in Switzerland

In 2021, after two years of decline, there was significant growth in the Swiss sodium phosphates market, when its value increased by 44% to $X. Over the period under review, the total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Sodium phosphates consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Sodium Phosphates Production in Switzerland

In value terms, sodium phosphates production amounted to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. Over the period under review, production hit record highs in 2021 and is expected to retain growth in the near future.

Sodium Phosphates Exports

Exports from Switzerland

In 2021, the amount of phosphates of mono- or di-sodium exported from Switzerland soared to X tons, increasing by 160% compared with the previous year's figure. Over the period under review, exports saw strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sodium phosphates exports soared to $X in 2021. In general, exports recorded a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), the Czech Republic (X tons) and France (X tons) were the main destinations of sodium phosphates exports from Switzerland, with a combined 64% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +544.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for phosphates of mono- or di-sodium exports from Switzerland, comprising 37% of total exports. The second position in the ranking was held by Germany ($X), with a 16% share of total exports. It was followed by the UK, with a 7% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +16.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-9.2% per year) and the UK (+10.4% per year).

Export Prices by Country

In 2021, the average sodium phosphates export price amounted to $X per ton, with a decrease of -37.9% against the previous year. In general, the export price continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2015 an increase of 94%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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 the United States ($X per ton), while the average price for exports to the Czech Republic ($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 Spain (+21.9%), while the prices for the other major destinations experienced a decline.

Sodium Phosphates Imports

Imports into Switzerland

For the third year in a row, Switzerland recorded decline in supplies from abroad of phosphates of mono- or di-sodium, which decreased by -4.9% to X tons in 2021. Overall, imports showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 37%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, sodium phosphates imports soared to $X in 2021. In general, total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 60%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest sodium phosphates supplier to Switzerland, accounting for a 76% share of total imports. Moreover, sodium phosphates imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), tenfold. France (X tons) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+72.4% per year) and France (+0.6% per year).

In value terms, Germany ($X) constituted the largest supplier of phosphates of mono- or di-sodium to Switzerland, comprising 80% of total imports. The second position in the ranking was held by the United States ($X), with an 11% share of total imports. It was followed by Belgium, with a 2.2% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+48.0% per year) and Belgium (+58.8% per year).

Import Prices by Country

In 2021, the average sodium phosphates import price amounted to $X per ton, with an increase of 23% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sodium phosphates import price increased by +112.2% against 2017 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 29% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Finland ($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 (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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