In 2023, the import value of palladium, unwrought or in powder form, to Switzerland stood at 830.40 million US dollars. The forecasted data for the years 2024 through 2028 exhibit a steady upward trend, with values projected at 851.32 million USD in 2024, 872.61 million USD in 2025, 893.47 million USD in 2026, 913.92 million USD in 2027, and 933.96 million USD in 2028.
From 2023 to 2024, there is a year-on-year increase of 2.52%. From 2024 to 2025, the growth rate is 2.50%. The year-on-year growth from 2025 to 2026 is 2.39%, followed by 2.29% from 2026 to 2027, and 2.19% from 2027 to 2028. The compound annual growth rate (CAGR) over these five years is approximately 2.38%, indicating a consistent rise in import value.
Future trends to watch for include potential fluctuations in palladium demand driven by various sectors such as automotive, electronics, and industrial applications. Additionally, supply chain disruptions or geopolitical events could significantly impact import volumes and values. Advances in alternative technologies or materials may also affect future demand and import patterns of palladium in Switzerland.
