Switzerland: Market for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified 2024

Market Size for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Switzerland

After two years of decline, the Swiss market for sunflower-seed or safflower oil, refined, but not chemically modified increased by 18% to $X in 2021. In general, consumption showed a prominent expansion. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Switzerland

In value terms, production of sunflower-seed or safflower oil, refined, but not chemically modified skyrocketed to $X in 2021 estimated in export price. In general, production enjoyed a resilient increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 83%. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Exports from Switzerland

In 2021, overseas shipments of sunflower-seed or safflower oil, refined, but not chemically modified increased by 27% to X tons, rising for the third year in a row after three years of decline. Overall, exports, however, continue to indicate a deep slump. The pace of growth was the most pronounced in 2019 when exports increased by 61% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified skyrocketed to $X in 2021. In general, exports, however, continue to indicate a deep downturn. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for exports of sunflower-seed or safflower oil, refined, but not chemically modified from Switzerland, accounting for a 77% share of total exports. Moreover, exports of sunflower-seed or safflower oil, refined, but not chemically modified to Germany exceeded the volume sent to the second major destination, Hungary (X tons), more than tenfold. The UK (X tons) ranked third in terms of total exports with a 6% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+114.8% per year) and the UK (+38.3% per year).

In value terms, Germany ($X) remains the key foreign market for sunflower-seed or safflower oil, refined, but not chemically modified exports from Switzerland, comprising 50% of total exports. The second position in the ranking was held by the UK ($X), with a 16% share of total exports. It was followed by Portugal, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at -3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+35.4% per year) and Portugal (+10.8% per year).

Export Prices by Country

In 2021, the average export price for sunflower-seed or safflower oil, refined, but not chemically modified amounted to $X per ton, surging by 19% against the previous year. Over the period under review, the export price, however, recorded a noticeable descent. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Italy ($X per ton), while the average price for exports to Germany ($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 Italy (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Imports into Switzerland

Imports of sunflower-seed or safflower oil, refined, but not chemically modified into Switzerland contracted to X tons in 2021, which is down by -12.7% compared with the previous year. Overall, imports, however, saw a mild expansion. The growth pace was the most rapid in 2014 when imports increased by 19% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified soared to $X in 2021. The total import value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Hungary (X tons), Austria (X tons) and Germany (X tons) were the main suppliers of imports of sunflower-seed or safflower oil, refined, but not chemically modified to Switzerland, with a combined 65% share of total imports. These countries were followed by the Netherlands, Italy, France and Romania, which together accounted for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +24.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sunflower-seed or safflower oil, refined, but not chemically modified suppliers to Switzerland were Hungary ($X), Austria ($X) and Germany ($X), with a combined 59% share of total imports. The Netherlands, Italy, Romania and France lagged somewhat behind, together accounting for a further 34%.

Among the main suppliers, Romania, with a CAGR of +28.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for sunflower-seed or safflower oil, refined, but not chemically modified stood at $X per ton in 2021, with an increase of 33% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Romania ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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