Switzerland: Sulphuric Acid Market 2024

Sulphuric Acid Market Size in Switzerland

The Swiss sulphuric acid market was estimated at $X in 2022, almost unchanged from the previous year. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Sulphuric acid consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Sulphuric Acid Production in Switzerland

In value terms, sulphuric acid production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by 19%. Sulphuric acid production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Sulphuric Acid Exports

Exports from Switzerland

In 2022, shipments abroad of sulphuric acid and oleum increased by 11% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports, however, continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2017 with an increase of 15% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, sulphuric acid exports skyrocketed to $X in 2022. Overall, exports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of 43%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for sulphuric acid exports from Switzerland, accounting for a 67% share of total exports. Moreover, sulphuric acid exports to Germany exceeded the volume sent to the second major destination, France (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at -7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+11.9% per year) and Italy (+43.4% per year).

In value terms, France ($X) remains the key foreign market for sulphuric acid and oleum exports from Switzerland, comprising 69% of total exports. The second position in the ranking was held by Germany ($X), with a 26% share of total exports.

From 2012 to 2022, the average annual growth rate of value to France amounted to +14.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+0.5% per year) and Italy (+20.8% per year).

Export Prices by Country

The average sulphuric acid export price stood at $X per ton in 2022, jumping by 19% against the previous year. Over the period under review, the export price posted a remarkable increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 62%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Italy ($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 Germany (+8.1%), while the prices for the other major destinations experienced mixed trend patterns.

Sulphuric Acid Imports

Imports into Switzerland

In 2022, after three years of growth, there was significant decline in supplies from abroad of sulphuric acid and oleum, when their volume decreased by -8.8% to X tons. In general, total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +119.8% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. As a result, imports attained the peak of X tons, and then declined in the following year.

In value terms, sulphuric acid imports expanded rapidly to $X in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 39% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

France (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of sulphuric acid imports to Switzerland, together comprising 82% of total imports. Austria, Belgium and Hungary lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +49.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sulphuric acid suppliers to Switzerland were Germany ($X), France ($X) and Italy ($X), with a combined 85% share of total imports. Austria, Belgium and Hungary lagged somewhat behind, together comprising a further 13%.

Among the main suppliers, Hungary, with a CAGR of +50.0%, saw 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 sulphuric acid import price stood at $X per ton in 2022, jumping by 20% against the previous year. Overall, the import price enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2017 an increase of 63%. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($X per ton), while the price for Belgium ($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 (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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