Switzerland: Silicone Market 2024

Silicone Market Size in Switzerland

In 2021, the Swiss silicone market increased by 56% to $X, rising for the third year in a row after six years of decline. Over the period under review, consumption, however, showed a noticeable curtailment. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Silicone Exports

Exports from Switzerland

In 2021, after two years of decline, there was significant growth in shipments abroad of silicones (in primary forms), when their volume increased by 24% to X tons. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 43% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, silicone exports amounted to $X in 2021. Overall, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 when exports increased by 28%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Austria (X tons) was the main destination for silicone exports from Switzerland, accounting for a 35% share of total exports. Moreover, silicone exports to Austria exceeded the volume sent to the second major destination, Italy (X tons), twofold. India (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Austria stood at +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+3.9% per year) and India (+47.0% per year).

In value terms, Germany ($X), Austria ($X) and China ($X) were the largest markets for silicone exported from Switzerland worldwide, with a combined 44% share of total exports. Italy, the United States, France, India, Thailand, the Czech Republic and Belgium lagged somewhat behind, together accounting for a further 32%.

The Czech Republic, with a CAGR of +27.3%, saw the highest rates of growth with regard to 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 2021, the average silicone export price amounted to $X per ton, declining by -12.2% against the previous year. Overall, the export price continues to indicate a noticeable reduction. The growth pace was the most rapid in 2013 when the average export price increased by 39%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to India ($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 Belgium (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.

Silicone Imports

Imports into Switzerland

In 2021, purchases abroad of silicones (in primary forms) increased by 87% to X tons, rising for the third year in a row after three years of decline. In general, imports, however, continue to indicate a perceptible curtailment. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, silicone imports totaled $X in 2021. Over the period under review, imports, however, showed a mild curtailment. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of silicone to Switzerland, accounting for a 60% share of total imports. Moreover, silicone imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X tons), fivefold. The third position in this ranking was taken by Italy (X tons), with a 7.3% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at -3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+26.8% per year) and Italy (+3.4% per year).

In value terms, Germany ($X) constituted the largest supplier of silicones (in primary forms) to Switzerland, comprising 54% of total imports. The second position in the ranking was taken by the United States ($X), with a 15% share of total imports. It was followed by the UK, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.3% per year) and the UK (+23.8% per year).

Import Prices by Country

The average silicone import price stood at $X per ton in 2021, dropping by -38.6% against the previous year. Over the period under review, the import price, however, continues to indicate modest growth. The most prominent rate of growth was recorded in 2016 an increase of 90%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+21.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :