Switzerland: Propylene Glycol Market 2025

Propylene Glycol Market Size in Switzerland

The Swiss propylene glycol market contracted to $X in 2022, falling by -7.1% 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, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Propylene Glycol Exports

Exports from Switzerland

In 2022, propylene glycol exports from Switzerland contracted significantly to X tons, which is down by -46.1% compared with the previous year's figure. Overall, exports faced a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 923% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, propylene glycol exports shrank sharply to $X in 2022. Over the period under review, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of 658%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons) was the main destination for propylene glycol exports from Switzerland, with a 65% share of total exports. Moreover, propylene glycol exports to Italy exceeded the volume sent to the second major destination, Germany (X tons), threefold. The third position in this ranking was held by Spain (X tons), with a 6.3% share.

From 2012 to 2022, the average annual growth rate of volume to Italy stood at +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+5.2% per year) and Spain (-20.3% per year).

In value terms, the largest markets for propylene glycol exported from Switzerland were Italy ($X), Germany ($X) and Spain ($X), together accounting for 85% of total exports.

Among the main countries of destination, Germany, with a CAGR of +1.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average propylene glycol export price stood at $X per ton in 2022, with a decrease of -40.9% against the previous year. In general, the export price showed a mild shrinkage. The most prominent rate of growth was recorded in 2019 when the average export price increased by 57%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Italy ($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 (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Propylene Glycol Imports

Imports into Switzerland

In 2022, approx. X tons of propylene glycol (propane-1,2-diol) were imported into Switzerland; shrinking by -20.4% compared with 2021. Over the period under review, imports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 40%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, propylene glycol imports declined modestly to $X in 2022. Overall, imports, however, enjoyed a modest increase. The growth pace was the most rapid in 2021 with an increase of 143%. As a result, imports reached the peak of $X, and then shrank modestly in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of propylene glycol to Switzerland, with a 55% share of total imports. Moreover, propylene glycol imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fivefold. France (X tons) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to -4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-3.9% per year) and France (+1.9% per year).

In value terms, Germany ($X) constituted the largest supplier of propylene glycol (propane-1,2-diol) to Switzerland, comprising 54% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an 11% share of total imports. It was followed by France, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+1.3% per year) and France (+8.1% per year).

Import Prices by Country

In 2022, the average propylene glycol import price amounted to $X per ton, picking up by 24% against the previous year. Overall, the import price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 74% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 Japan ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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