Switzerland: Silicates Market 2024

Silicates Market Size in Switzerland

The Swiss silicates market stood at $X in 2021, growing by 11% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Silicates Production in Switzerland

In value terms, silicates production expanded significantly to $X in 2021 estimated in export price. Overall, production saw a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 177%. Silicates production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Silicates Exports

Exports from Switzerland

Silicates exports from Switzerland surged to X tons in 2021, with an increase of 47% on 2020. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 23,351% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, silicates exports rose remarkably to $X in 2021. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 16,220%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Germany (X tons) was the main destination for silicates exports from Switzerland, with a 36% share of total exports. Moreover, silicates exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. The third position in this ranking was taken by India (X tons), with a 9.8% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +101.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+125.5% per year) and India (+436.4% per year).

In value terms, Germany ($X) remains the key foreign market for silicates, commercial alkali metal silicates exports from Switzerland, comprising 44% of total exports. The second position in the ranking was taken by India ($X), with a 7.6% share of total exports. It was followed by France, with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +92.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+60.2% per year) and France (+95.3% per year).

Export Prices by Country

In 2021, the average silicates export price amounted to $X per ton, waning by -26.7% against the previous year. In general, the export price showed a deep slump. The pace of growth was the most pronounced in 2013 when the average export price increased by 33%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Argentina ($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 Poland (+25.5%), while the prices for the other major destinations experienced mixed trend patterns.

Silicates Imports

Imports into Switzerland

In 2021, purchases abroad of silicates, commercial alkali metal silicates increased by 5.3% to X tons, rising for the second year in a row after four years of decline. Over the period under review, imports, however, recorded a perceptible decrease. The growth pace was the most rapid in 2020 when imports increased by 49%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, silicates imports soared to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), France (X tons) and Ukraine (X tons) were the main suppliers of silicates imports to Switzerland, together comprising 77% of total imports. These countries were followed by the Netherlands, Spain, Poland and Denmark, which together accounted for a further 17%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +106.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of silicates, commercial alkali metal silicates to Switzerland, comprising 30% of total imports. The second position in the ranking was taken by Ukraine ($X), with a 14% share of total imports. It was followed by France, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to -7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (0.0% per year) and France (-2.8% per year).

Import Prices by Country

The average silicates import price stood at $X per ton in 2021, picking up by 28% against the previous year. In general, import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Spain ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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