The import volume of cerium compounds to Switzerland is forecasted to decline significantly from 2024 to 2028. In 2023, the actual import value stood at approximately 3.89 thousand kilograms. Year-on-year, the import volume is projected to decrease by around 25% in 2025, 33% in 2026, and 47% in 2027. By 2028, the reduction is anticipated to be drastic, dropping by about 87%. Analyzing the compound annual growth rate (CAGR) over the last 5 years shows an average annual decline of approximately 50%.
Future trends to watch for include advancements in recycling and substitution technologies for rare earth metals, potential shifts in industrial demand, and geopolitical factors affecting the global supply chain of cerium compounds. These trends could further impact the import volumes and market dynamics in Switzerland.