Switzerland: Polyethylene Binder Market 2024

Polyethylene Binder Market Size in Switzerland

The Swiss polyethylene binder market declined to $X in 2022, which is down by -4.9% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Polyethylene Binder Production in Switzerland

In value terms, polyethylene binder production shrank significantly to $X in 2022 estimated in export price. In general, production recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 when the production volume increased by 748%. Polyethylene binder production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Polyethylene Binder Exports

Exports from Switzerland

In 2022, overseas shipments of polyethylene or polypropylene binder or baler (agricultural) twines decreased by -15.5% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, total exports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -20.2% against 2020 indices. The growth pace was the most rapid in 2019 when exports increased by 24%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, polyethylene binder exports declined markedly to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 19% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then shrank remarkably in the following year.

Exports by Country

Germany (X tons) was the main destination for polyethylene binder exports from Switzerland, with a 91% share of total exports. Moreover, polyethylene binder exports to Germany exceeded the volume sent to the second major destination, the UK (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+1.5% per year) and Austria (-3.8% per year).

In value terms, Germany ($X) remains the key foreign market for polyethylene or polypropylene binder or baler (agricultural) twines exports from Switzerland, comprising 84% of total exports. The second position in the ranking was taken by Austria ($X), with a 3.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-0.4% per year) and the UK (-2.5% per year).

Export Prices by Country

The average polyethylene binder export price stood at $X per ton in 2022, with a decrease of -5.4% against the previous year. In general, the export price saw a mild shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 14%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to the UK ($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 Belgium (+115.1%), while the prices for the other major destinations experienced mixed trend patterns.

Polyethylene Binder Imports

Imports into Switzerland

In 2022, supplies from abroad of polyethylene or polypropylene binder or baler (agricultural) twines decreased by -10.6% to X tons, falling for the second year in a row after two years of growth. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 35% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, polyethylene binder imports fell modestly to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 25%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X tons), Hungary (X tons) and Portugal (X tons) were the main suppliers of polyethylene binder imports to Switzerland, with a combined 79% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +25.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Hungary ($X) and Portugal ($X) were the largest polyethylene binder suppliers to Switzerland, with a combined 81% share of total imports.

Among the main suppliers, Hungary, with a CAGR of +29.4%, 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

In 2022, the average polyethylene binder import price amounted to $X per ton, surging by 7.7% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 20%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were France ($X per ton) and Hungary ($X per ton), while the price for Finland ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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