The import of petroleum coke and petroleum bitumen to Switzerland shows a consistent but very modest growth from 2024 to 2028, with each year witnessing an incremental increase of approximately 0.03%. In 2023, the value of imports stood at 145.81 million USD, marking minimal changes year-on-year, reflecting market stability. The compound annual growth rate (CAGR) over the five-year period is nearly flat, indicating a mature market with limited expansion.
Future Trends to Watch:
- Potential impact of global oil price fluctuations due to geopolitical events.
- The influence of Swiss environmental policies on import volumes of fossil fuels.
- Technological advancements in alternative energy sources that could reduce dependency on petroleum products.
- Shifts in demand due to economic growth or contraction both domestically and in key trading partners.