Switzerland: Thiosulphates Market 2024

Thiosulphates Market Size in Switzerland

After three years of growth, the Swiss thiosulphates market decreased by -21.8% to $X in 2021. Over the period under review, the total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2020, and then dropped significantly in the following year.

Thiosulphates Exports

Exports from Switzerland

In 2021, overseas shipments of thiosulphates increased by 36% to X tons, rising for the fourth consecutive year after three years of decline. Over the period under review, exports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 67%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, thiosulphates exports soared to $X in 2021. Overall, exports saw a remarkable increase. The pace of growth was the most pronounced in 2018 when exports increased by 91%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for thiosulphates exports from Switzerland, accounting for a 60% share of total exports. Moreover, thiosulphates exports to Germany exceeded the volume sent to the second major destination, the United States (X kg), fourfold. The third position in this ranking was taken by the UK (X kg), with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+20.3% per year) and the UK (+13.8% per year).

In value terms, the largest markets for thiosulphates exported from Switzerland were Germany ($X), South Korea ($X) and the United States ($X), with a combined 75% share of total exports. The UK, India and France lagged somewhat behind, together accounting for a further 17%.

India, with a CAGR of +49.4%, saw the highest growth rate of the value of exports, among 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 thiosulphates export price amounted to $X per ton, waning by -4.6% against the previous year. In general, the export price, however, posted mild growth. The growth pace was the most rapid in 2018 an increase of 34% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, 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 South Korea ($X per ton), while the average price for exports to France ($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 (-2.5%), while the prices for the other major destinations experienced a decline.

Thiosulphates Imports

Imports into Switzerland

In 2021, purchases abroad of thiosulphates decreased by -26.7% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 88%. Imports peaked at X tons in 2020, and then reduced rapidly in the following year.

In value terms, thiosulphates imports declined notably to $X in 2021. Over the period under review, total imports indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.3% 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 2018 with an increase of 66% against the previous year. Imports peaked at $X in 2020, and then fell significantly in the following year.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of thiosulphates to Switzerland, with a 87% share of total imports. Moreover, thiosulphates imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +4.4%.

In value terms, Germany ($X) constituted the largest supplier of thiosulphates to Switzerland, comprising 87% of total imports. The second position in the ranking was taken by Italy ($X), with a 5.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany was relatively modest.

Import Prices by Country

In 2021, the average thiosulphates import price amounted to $X per ton, increasing by 10% against the previous year. In general, the import price, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 32% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Germany ($X per ton), while the price for Italy amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-3.6%).

Source: IndexBox Platform

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