Switzerland: Polyacetals Market 2024

Polyacetals Market Size in Switzerland

In 2021, the Swiss polyacetals market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Polyacetals Exports

Exports from Switzerland

In 2021, the amount of polyacetals in primary forms exported from Switzerland skyrocketed to X tons, jumping by 52% against 2020 figures. Overall, exports showed a resilient increase. The pace of growth was the most pronounced in 2016 with an increase of 57% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, polyacetals exports expanded to $X in 2021. Over the period under review, exports enjoyed resilient growth. The growth pace was the most rapid in 2020 when exports increased by 66%. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Germany (X tons), Belgium (X tons) and India (X tons) were the main destinations of polyacetals exports from Switzerland, together accounting for 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 Belgium (with a CAGR of +257.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyacetals exported from Switzerland were Germany ($X), Belgium ($X) and Hong Kong SAR ($X), together accounting for 52% of total exports.

Among the main countries of destination, Belgium, with a CAGR of +237.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average polyacetals export price amounted to $X per ton, which is down by -32.4% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. 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 2020, and then shrank dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Malaysia ($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 Austria (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Polyacetals Imports

Imports into Switzerland

In 2021, after two years of decline, there was significant growth in overseas purchases of polyacetals in primary forms, when their volume increased by 14% to X tons. The total import volume increased at an average annual rate of +1.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, polyacetals imports soared to $X in 2021. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest polyacetals supplier to Switzerland, with a 53% share of total imports. Moreover, polyacetals imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. South Korea (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+17.9% per year) and South Korea (+7.1% per year).

In value terms, Germany ($X), the Netherlands ($X) and South Korea ($X) constituted the largest polyacetals suppliers to Switzerland, with a combined 87% share of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +21.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average polyacetals import price stood at $X per ton in 2021, with an increase of 7.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2018 an increase of 8.4%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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