Switzerland: Polyphenols And Phenol-Alcohols Market 2024

Polyphenols And Phenol-Alcohols Market Size in Switzerland

In 2022, after two years of growth, there was significant decline in the Swiss polyphenols and phenol-alcohols market, when its value decreased by -30.7% to $X. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021, and then contracted significantly in the following year.

Polyphenols And Phenol-Alcohols Exports

Exports from Switzerland

In 2022, the amount of polyphenols and phenol-alcohols exported from Switzerland skyrocketed to X tons, jumping by 281% compared with the previous year's figure. Overall, exports showed a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, polyphenols and phenol-alcohols exports declined notably to $X in 2022. In general, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 320%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Portugal (X tons) was the main destination for polyphenols and phenol-alcohols exports from Switzerland, with a 59% share of total exports. Moreover, polyphenols and phenol-alcohols exports to Portugal exceeded the volume sent to the second major destination, Sweden (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Portugal amounted to +206.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+143.3% per year) and the United States (-1.7% per year).

In value terms, Portugal ($X), the United States ($X) and Sweden ($X) constituted the largest markets for polyphenols and phenol-alcohols exported from Switzerland worldwide, together comprising 38% of total exports.

Portugal, with a CAGR of +199.6%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

The average polyphenols and phenol-alcohols export price stood at $X per ton in 2022, with a decrease of -78.7% against the previous year. In general, the export price showed a noticeable slump. The most prominent rate of growth was recorded in 2014 an increase of 52% against the previous year. The export price peaked at $X per ton in 2021, and then fell dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Sweden ($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 Bahrain (+33.6%), while the prices for the other major destinations experienced more modest paces of growth.

Polyphenols And Phenol-Alcohols Imports

Imports into Switzerland

After two years of growth, purchases abroad of polyphenols and phenol-alcohols decreased by -18.6% to X tons in 2022. In general, imports continue to indicate a slight setback. The pace of growth appeared the most rapid in 2016 with an increase of 36%. Imports peaked at X tons in 2021, and then contracted markedly in the following year.

In value terms, polyphenols and phenol-alcohols imports declined to $X in 2022. Overall, imports, however, posted a prominent increase. The growth pace was the most rapid in 2016 with an increase of 50% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then dropped in the following year.

Imports by Country

Taiwan (Chinese) (X tons), Japan (X tons) and Germany (X tons) were the main suppliers of polyphenols and phenol-alcohols imports to Switzerland, together accounting for 58% of total imports. The Netherlands, China, India, Belgium and the United States lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +29.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), India ($X) and China ($X) appeared to be the largest polyphenols and phenol-alcohols suppliers to Switzerland, with a combined 66% share of total imports. Taiwan (Chinese), Germany, Belgium, Japan and the Netherlands lagged somewhat behind, together accounting for a further 27%.

Belgium, with a CAGR of +47.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 polyphenols and phenol-alcohols import price amounted to $X per ton, surging by 13% against the previous year. In general, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyphenols and phenol-alcohols import price increased by +81.3% against 2015 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 40%. The import price peaked in 2022 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 United States ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+27.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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