Switzerland: Market for Salts Of Acetic Acid 2024

Market Size for Salts Of Acetic Acid in Switzerland

The Swiss salts of acetic acid market surged to $X in 2022, increasing by 17% against the previous year. Over the period under review, consumption posted buoyant growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Production of Salts Of Acetic Acid in Switzerland

In value terms, salts of acetic acid production declined to $X in 2022 estimated in export price. In general, production, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 621%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Salts Of Acetic Acid

Exports from Switzerland

In 2022, overseas shipments of salts of acetic acid increased by 236% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports posted a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, salts of acetic acid exports surged to $X in 2022. In general, exports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2021 when exports increased by 68% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

France (X tons) was the main destination for salts of acetic acid exports from Switzerland, accounting for a 80% share of total exports. Moreover, salts of acetic acid exports to France exceeded the volume sent to the second major destination, Germany (X tons), tenfold. The third position in this ranking was taken by South Korea (X tons), with a 3.4% share.

From 2012 to 2022, the average annual growth rate of volume to France amounted to +26.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-3.4% per year) and South Korea (+17.6% per year).

In value terms, the largest markets for salts of acetic acid exported from Switzerland were France ($X), the United States ($X) and Germany ($X), together accounting for 83% of total exports. South Korea, Romania and Italy lagged somewhat behind, together accounting for a further 5.3%.

South Korea, with a CAGR of +21.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average salts of acetic acid export price amounted to $X per ton, which is down by -62.2% against the previous year. Over the period under review, the export price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2018 when the average export price increased by 51%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to France ($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 the United States (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Salts Of Acetic Acid

Imports into Switzerland

In 2022, the amount of salts of acetic acid imported into Switzerland soared to X tons, with an increase of 45% on the year before. Overall, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 89%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, salts of acetic acid imports skyrocketed to $X in 2022. In general, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 110% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

China (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of salts of acetic acid imports to Switzerland, with a combined 83% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +54.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest salts of acetic acid suppliers to Switzerland were the Netherlands ($X), Germany ($X) and China ($X), with a combined 83% share of total imports.

China, with a CAGR of +59.2%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average salts of acetic acid import price amounted to $X per ton, remaining stable against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, salts of acetic acid import price decreased by -16.9% against 2020 indices. The growth pace was the most rapid in 2018 when the average import price increased by 16%. Over the period under review, average import prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a 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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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