Switzerland: Market for Polyethylene Glycols and Polyethers in Primary Forms 2024

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in Switzerland

In 2021, the Swiss polyethylene glycol and polyether market decreased by -1.5% to $X, falling for the third consecutive year after three years of growth. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Polyethylene glycol and polyether consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports from Switzerland

In 2021, overseas shipments of polyethylene glycols and polyethers in primary forms increased by 11% to X tons, rising for the third consecutive year after two years of decline. Overall, exports saw a buoyant increase. The pace of growth appeared the most rapid in 2019 when exports increased by 47% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, polyethylene glycol and polyether exports surged to $X in 2021. In general, exports enjoyed a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), the United States (X tons) and Spain (X tons) were the main destinations of polyethylene glycol and polyether exports from Switzerland, together comprising 56% of total exports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +30.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and China ($X) appeared to be the largest markets for polyethylene glycol and polyether exported from Switzerland worldwide, with a combined 49% share of total exports. Spain, Israel, Norway, Benin, Vietnam and Egypt lagged somewhat behind, together comprising a further 5.4%.

Spain, with a CAGR of +36.4%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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 polyethylene glycol and polyether export price amounted to $X per ton, rising by 71% against the previous year. Overall, the export price continues to indicate a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 ($X per ton), while the average price for exports to Benin ($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 China (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports into Switzerland

In 2021, after two years of decline, there was growth in supplies from abroad of polyethylene glycols and polyethers in primary forms, when their volume increased by 0.7% to X tons. Overall, imports recorded a modest expansion. The most prominent rate of growth was recorded in 2017 with an increase of 9.9%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, polyethylene glycol and polyether imports totaled $X in 2021. The total import value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 18%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Japan (X tons) were the main suppliers of polyethylene glycol and polyether imports to Switzerland, together comprising 68% of total imports. Belgium, the United States, Romania, France, Spain and Italy lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +83.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene glycol and polyether suppliers to Switzerland were Belgium ($X), the Netherlands ($X) and Japan ($X), together accounting for 64% of total imports. These countries were followed by Germany, the United States, Romania, France, Spain and Italy, which together accounted for a further 29%.

In terms of the main suppliers, Romania, with a CAGR of +87.8%, 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 more modest paces of growth.

Import Prices by Country

The average polyethylene glycol and polyether import price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 13%. The import price peaked 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 Italy ($X per ton), while the price for the Netherlands ($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 (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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