Corn oil and fractions market in Switzerland

Earlier Report Observations

The Swiss corn oil market experienced notable shifts from 2018 to 2020. The imposition of an average tariff on refined corn oil in 2018 altered import dynamics, contributing to a market contraction to 788.0 t in 2019. However, in 2020, increased global market concentration among key exporting countries supported import flows, helping drive market volume up to 872.2 t.

Market volume then fell sharply to 626.0 t in 2021 and further to 494.3 t in 2022, a period marked by stricter European regulations on GMO crops and heightened labeling and traceability requirements for vegetable oils, which constrained supply. By 2023, maintained EU GMO restrictions alongside growing Swiss consumer awareness of non-GMO and organic oils spurred demand, lifting the market to 588.9 t.

Production corn oil and fractions in Switzerland

In kind, 2017-2020, t

Top producers of corn oil and fractions, 2017-2020

World map of production of corn oil and fractions, 2017-2020

Switzerland's corn oil and fractions production has increased for the second consecutive year. In 2020, the country produced 672.2 t of corn oil and fractions, marking a 6.8% rise compared to the previous year. Looking at the period from 2017 to 2020, production grew by 25.9%, which translates to an annualized growth rate of 8.0%. The lowest production level was recorded in 2018 at 521.5 t, with the largest decline of 2.3% occurring that same year. In contrast, the most significant increase was observed in 2019, when production surged by 20.7%.

Annual dynamics of production in Switzerland in kind, 2017-2020, t

Exports corn oil and fractions from Switzerland

Exports in kind, t

The market showed an unstable trend throughout the analyzed period. The lowest export volume was recorded in 2017, while the highest was in 2020, with a peak-to-trough ratio of 3.8 times. In 2020, Switzerland's cross-border shipments of corn oil and fractions amounted to 4.5 t, representing a substantial increase of 141.4% compared to 2019. The largest decline occurred in 2019, with a drop of 42.2%, whereas the most significant increase was in 2018, when exports grew by 174.5%.

Annual dynamics of product's exports from Switzerland in kind, 2017-2020, t

From 2017 to 2020, Germany, Poland, and the United Kingdom remained the leading destinations for Switzerland's corn oil and fractions exports in kind. Germany accounted for 68.3% of exports, Poland for 8.8%, and the United Kingdom for 8.4%. Together, these three countries represented 85.5% of total export flows during this period.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Switzerland in kind, 2017-2020

Exports in value, K $ US

The market exhibited volatile behavior over these years. The lowest export value was recorded in 2017, while the peak occurred in 2020, with a 1.9-fold difference between these two years. In 2020, Switzerland's foreign corn oil and fractions supplies totaled 62.7 K $ US, reflecting a sharp increase of 86.3% compared to 2019. The largest decline was in 2019, with a decrease of 26.4%.

Annual dynamics of product's exports from Switzerland in value, 2017-2020, K $ US

Between 2017 and 2020, the main destinations for Switzerland's corn oil and fractions exports in value terms were Germany, South Korea, and the United Kingdom. Germany held a 41.8% share, South Korea 33.0%, and the United Kingdom 15.5%. Collectively, these three countries accounted for 90.3% of total export flows in monetary terms.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Switzerland in value, 2017-2020

Imports corn oil and fractions to Switzerland

Imports in kind, t

Following a two-year decline, Switzerland's corn oil and fractions import volume increased in 2020. The country imported 204.5 t of corn oil and fractions that year, up by 27.4% compared to 2019. Over the period from 2017 to 2020, imports decreased by 41.6%, corresponding to a compound annual growth rate of -16.4%. The lowest import level was recorded in 2019 at 160.5 t, with the largest decline of 53.0% occurring that same year.

Annual dynamics of product's imports to Switzerland in kind, 2017-2020, t

From 2017 to 2020, Italy, France, and Austria consistently held the top positions in Switzerland's corn oil and fractions import structure in kind. Italy accounted for 26.0% of imports, France for 25.2%, and Austria for 23.5%. Together, these three countries made up 74.7% of total import flows during this timeframe.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Switzerland in kind, 2017-2020

Imports in value, K $ US

After a two-year decrease, Switzerland's cross-border shipments of corn oil and fractions in monetary terms rose in 2020. The country imported a total of 391.8 K $ US of corn oil and fractions that year, representing a 37.0% gain compared to the previous year. Between 2017 and 2020, imports declined by 28.4%, equating to an annualized rate of -10.5%. The lowest value was recorded in 2019 at 285.9 K $ US, with the largest decline of 44.9% occurring that same year.

Annual dynamics of product's imports to Switzerland in value, 2017-2020, K $ US

In the period from 2017 to 2020, the leading destinations for Switzerland's corn oil and fractions imports in value terms were France, Austria, and Italy. France accounted for 27.2% of imports, Austria for 25.0%, and Italy for 21.5%. Collectively, these three countries represented 73.7% of total import flows in monetary terms.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Switzerland in value, 2017-2020