Switzerland: Polyurethanes Market 2024

Polyurethanes Market Size in Switzerland

In 2021, the Swiss polyurethanes market decreased by -11.1% to $X, falling for the third consecutive year after three years of growth. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Polyurethanes Production in Switzerland

In value terms, polyurethanes production expanded slightly to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 32% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Polyurethanes Exports

Exports from Switzerland

In 2021, the amount of polyurethanes in primary forms exported from Switzerland skyrocketed to X tons, surging by 23% against the previous year's figure. Overall, exports continue to indicate a relatively flat trend pattern. The exports peaked at X tons in 2014; afterwards, it flattened through to 2021.

In value terms, polyurethanes exports soared to $X in 2021. In general, total exports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for polyurethanes exports from Switzerland, with a 37% share of total exports. Moreover, polyurethanes exports to Germany exceeded the volume sent to the second major destination, the UK (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+15.4% per year) and the United States (+1.8% per year).

In value terms, Germany ($X) remains the key foreign market for polyurethanes in primary forms exports from Switzerland, comprising 40% of total exports. The second position in the ranking was taken by the UK ($X), with an 8.3% share of total exports. It was followed by the United States, with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+11.6% per year) and the United States (+5.6% per year).

Export Prices by Country

The average polyurethanes export price stood at $X per ton in 2021, increasing by 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. 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 export markets. In 2021, 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 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Polyurethanes Imports

Imports into Switzerland

In 2021, imports of polyurethanes in primary forms into Switzerland rose rapidly to X tons, surging by 6.4% on the previous year. The total import volume increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 6.7%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, polyurethanes imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. 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 supplier of polyurethanes to Switzerland, with a 59% share of total imports. Moreover, polyurethanes imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), sixfold. Italy (X tons) ranked third in terms of total imports with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+3.4% per year) and Italy (-1.6% per year).

In value terms, Germany ($X) constituted the largest supplier of polyurethanes in primary forms to Switzerland, comprising 58% of total imports. The second position in the ranking was taken by Belgium ($X), with an 11% share of total imports. It was followed by Italy, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+3.1% per year) and Italy (-1.2% per year).

Import Prices by Country

In 2021, the average polyurethanes import price amounted to $X per ton, rising by 18% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and Belgium ($X per ton), while the price for Italy ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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