Switzerland: Prepared Baking Powder Market 2024

Prepared Baking Powder Market Size in Switzerland

In 2022, the Swiss prepared baking powder market increased by 4.5% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Prepared Baking Powder Production in Switzerland

In value terms, prepared baking powder production reduced modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 23%. Prepared baking powder production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Prepared Baking Powder Exports

Exports from Switzerland

In 2022, approx. X tons of prepared baking powders were exported from Switzerland; reducing by -37.1% on the year before. Overall, exports saw a pronounced contraction. The pace of growth appeared the most rapid in 2018 when exports increased by 232% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, prepared baking powder exports plummeted to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 205%. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Austria (X tons) was the main destination for prepared baking powder exports from Switzerland, accounting for a 94% share of total exports. Moreover, prepared baking powder exports to Austria exceeded the volume sent to the second major destination, Hungary (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Austria totaled -3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+7,896.2% per year) and Germany (-2.3% per year).

In value terms, Austria ($X) remains the key foreign market for prepared baking powders exports from Switzerland, comprising 87% of total exports. The second position in the ranking was held by Hungary ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Austria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+6,085.0% per year) and Germany (+6.2% per year).

Export Prices by Country

In 2022, the average prepared baking powder export price amounted to $X per ton, increasing by 15% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2017 an increase of 17% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Austria ($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 Germany (+8.7%), while the prices for the other major destinations experienced mixed trend patterns.

Prepared Baking Powder Imports

Imports into Switzerland

Prepared baking powder imports into Switzerland stood at X tons in 2022, remaining relatively unchanged against 2021. In general, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 67%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, prepared baking powder imports rose to $X in 2022. Overall, imports saw a strong expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 52% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest prepared baking powder supplier to Switzerland, accounting for a 83% share of total imports. Moreover, prepared baking powder imports from Germany exceeded the figures recorded by the second-largest supplier, Austria (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+2.5% per year) and France (+5.8% per year).

In value terms, Germany ($X) constituted the largest supplier of prepared baking powders to Switzerland, comprising 81% of total imports. The second position in the ranking was taken by Austria ($X), with a 6.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+2.9% per year) and France (+7.0% per year).

Import Prices by Country

In 2022, the average prepared baking powder import price amounted to $X per ton, picking up by 3.9% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 17%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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