Switzerland: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2024

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Switzerland

The Swiss reaction initiators and accelerators market stood at $X in 2022, picking up by 5.8% against the previous year. Over the period under review, consumption enjoyed a buoyant increase. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Switzerland

In value terms, reaction initiators and accelerators production rose sharply to $X in 2022 estimated in export price. Overall, production enjoyed tangible growth. The most prominent rate of growth was recorded in 2016 with an increase of 68%. Reaction initiators and accelerators production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports from Switzerland

After two years of growth, shipments abroad of reaction initiators, reaction accelerators and catalytic preparations decreased by -2.8% to X tons in 2022. Over the period under review, exports showed a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 45%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, reaction initiators and accelerators exports rose remarkably to $X in 2022. Overall, total exports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.7% against 2017 indices. The growth pace was the most rapid in 2021 with an increase of 36%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Sweden (X tons) and Israel (X tons) were the main destinations of reaction initiators and accelerators exports from Switzerland, together comprising 44% of total exports. South Korea, Italy, the UK, France, the Netherlands, the Czech Republic, the United States, Canada, Russia and India lagged somewhat behind, together comprising a further 46%.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +32.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for reaction initiators, reaction accelerators and catalytic preparations exports from Switzerland, comprising 21% of total exports. The second position in the ranking was held by the Netherlands ($X), with an 8.5% share of total exports. It was followed by South Korea, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-8.1% per year) and South Korea (+14.9% per year).

Export Prices by Country

In 2022, the average reaction initiators and accelerators export price amounted to $X per ton, with an increase of 16% against the previous year. Overall, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the average export price increased by 29% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Sweden ($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 Germany (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports into Switzerland

Reaction initiators and accelerators imports into Switzerland expanded notably to X tons in 2022, increasing by 7.4% against the previous year. Overall, imports saw a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of 406% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, reaction initiators and accelerators imports fell dramatically to $X in 2022. Over the period under review, imports continue to indicate a pronounced expansion. The pace of growth was the most pronounced in 2019 when imports increased by 36%. Over the period under review, imports reached the peak figure at $X in 2021, and then shrank significantly in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of reaction initiators and accelerators to Switzerland, accounting for a 89% share of total imports. It was followed by Austria (X tons), with a 2.3% share of total imports. The third position in this ranking was taken by the UK (X tons), with a 1.9% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+38.0% per year) and the UK (+8.3% per year).

In value terms, Germany ($X) constituted the largest supplier of reaction initiators, reaction accelerators and catalytic preparations to Switzerland, comprising 67% of total imports. The second position in the ranking was taken by the UK ($X), with a 14% share of total imports. It was followed by the United States, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+12.9% per year) and the United States (+6.2% per year).

Import Prices by Country

The average reaction initiators and accelerators import price stood at $X per ton in 2022, with a decrease of -38.7% against the previous year. Over the period under review, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2016 when the average import price increased by 353%. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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