Switzerland: Soybean Oilcake Market 2024

Soybean Oilcake Market Size in Switzerland

The Swiss soybean oilcake market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption saw a perceptible setback. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Soybean Oilcake Production in Switzerland

In value terms, soybean oilcake production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, showed a deep slump. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Soybean Oilcake Exports

Exports from Switzerland

Soybean oilcake exports from Switzerland fell remarkably to X tons in 2021, declining by -24.6% compared with the year before. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 259%. Over the period under review, the exports hit record highs at X tons in 2020, and then dropped markedly in the following year.

In value terms, soybean oilcake exports amounted to $X in 2021. In general, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by 210%. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

Germany (X tons) was the main destination for soybean oilcake exports from Switzerland, with a 98% share of total exports. It was followed by Austria (X tons), with a 2.5% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +37.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-31.0% per year) and France (-69.7% per year).

In value terms, Germany ($X) emerged as the key foreign market for soybean oilcake exports from Switzerland, comprising 97% of total exports. The second position in the ranking was held by Austria ($X), with a 2.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +45.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-27.2% per year) and France (-69.7% per year).

Export Prices by Country

In 2021, the average soybean oilcake export price amounted to $X per ton, surging by 51% against the previous year. In general, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +9.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the average export price increased by 117% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to France ($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 Germany (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Soybean Oilcake Imports

Imports into Switzerland

For the fourth year in a row, Switzerland recorded decline in supplies from abroad of soybean oilcake, which decreased by -1.8% to X tons in 2021. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 10%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, soybean oilcake imports soared to $X in 2021. Overall, imports, however, saw slight growth. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Italy (X tons) and Russia (X tons) were the main suppliers of soybean oilcake imports to Switzerland, with a combined 71% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +56.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest soybean oilcake suppliers to Switzerland were Germany ($X), Italy ($X) and Russia ($X), with a combined 68% share of total imports.

Italy, with a CAGR of +46.4%, recorded the highest rates of growth with regard to 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

The average soybean oilcake import price stood at $X per ton in 2021, increasing by 24% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 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 Austria ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+27.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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