Switzerland: Propene Market 2024

Propene Market Size in Switzerland

The Swiss propene market soared to $X in 2021, growing by 52% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a noticeable expansion. Propene consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Propene Exports

Exports from Switzerland

In 2021, shipments abroad of propene (propylene) increased by 49% to X kg, rising for the second year in a row after two years of decline. Overall, exports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2017 with an increase of 89% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, propene exports skyrocketed to $X in 2021. In general, exports, however, recorded a abrupt descent. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

France (X kg) was the main destination for propene exports from Switzerland, with a 59% share of total exports. Moreover, propene exports to France exceeded the volume sent to the second major destination, South Africa (X kg), twofold. Latvia (X kg) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume to France totaled +9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+75.0% per year) and Latvia (+4.3% per year).

In value terms, France ($X) emerged as the key foreign market for propene (propylene) exports from Switzerland, comprising 57% of total exports. The second position in the ranking was taken by South Africa ($X), with a 27% share of total exports. It was followed by Latvia, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France amounted to +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+80.4% per year) and Latvia (+5.4% per year).

Export Prices by Country

The average propene export price stood at $X per ton in 2021, remaining constant against the previous year. Overall, export price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, propene export price increased by +68.5% against 2017 indices. The most prominent rate of growth was recorded in 2015 an increase of 47%. The export price peaked at $X per ton in 2020, and then dropped in the following year.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per ton) and Slovenia ($X per ton), while the average price for exports to France ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+58.8%), while the prices for the other major destinations experienced more modest paces of growth.

Propene Imports

Imports into Switzerland

Propene imports into Switzerland surged to X tons in 2021, growing by 28% on 2020 figures. In general, imports saw temperate growth. The most prominent rate of growth was recorded in 2016 when imports increased by 112% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, propene imports skyrocketed to $X in 2021. Overall, imports enjoyed perceptible growth. The pace of growth appeared the most rapid in 2016 with an increase of 64% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of propene imports to Switzerland, together comprising 100% of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +53.3%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest propene suppliers to Switzerland were Italy ($X), Germany ($X) and Belgium ($X), with a combined 100% share of total imports.

Germany, with a CAGR of +36.9%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average propene import price amounted to $X per ton, growing by 27% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Germany ($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 (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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