Switzerland: Vegetable Oils Market 2024

Vegetable Oils Market Size in Switzerland

The Swiss vegetable oils market soared to $X in 2022, rising by X% against the previous year. Over the period under review, consumption continues to indicate a noticeable descent. Vegetable oils consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Vegetable Oils Production in Switzerland

In value terms, vegetable oils production shrank to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of X%. Vegetable oils production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Vegetable Oils Exports

Exports from Switzerland

In 2022, shipments abroad of vegetable fats and oils decreased by X% to X tons, falling for the fourth year in a row after five years of growth. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, vegetable oils exports expanded slightly to $X in 2022. Over the period under review, exports, however, showed a pronounced expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for vegetable oils exports from Switzerland, accounting for a X% share of total exports. Moreover, vegetable oils exports to Germany exceeded the volume sent to the second major destination, South Africa (X tons), sevenfold. The Netherlands (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (X% per year) and the Netherlands (X% per year).

In value terms, Germany ($X) remains the key foreign market for vegetable fats and oils exports from Switzerland, comprising X% of total exports. The second position in the ranking was held by South Africa ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (X% per year) and the UK (X% per year).

Export Prices by Country

In 2022, the average vegetable oils export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price recorded a measured increase. The most prominent rate of growth was recorded in 2021 an increase of X%. The export price peaked in 2022 and is expected to retain growth in the near future.

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 the UK ($X per ton), while the average price for exports to the Netherlands ($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 the UK (X%), while the prices for the other major destinations experienced mixed trend patterns.

Vegetable Oils Imports

Imports into Switzerland

In 2022, imports of vegetable fats and oils into Switzerland totaled X tons, approximately reflecting the previous year's figure. Overall, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, vegetable oils imports surged to $X in 2022. In general, imports saw a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest vegetable oils supplier to Switzerland, with a X% share of total imports. Moreover, vegetable oils imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. Malaysia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Malaysia (X% per year).

In value terms, Germany ($X), Malaysia ($X) and the Netherlands ($X) constituted the largest vegetable oils suppliers to Switzerland, with a combined X% share of total imports. Indonesia, Denmark, France, India and Italy lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Denmark, with a CAGR of X%, saw the highest rates of growth with regard to 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 vegetable oils import price stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price recorded a modest increase. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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