Brazil: Saccharin Market 2024

Saccharin Market Size in Brazil

In 2021, the Brazilian saccharin market increased by 12% to $X, rising for the third year in a row after two years of decline. Overall, the total consumption indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +19.2% against 2018 indices. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Saccharin Exports

Exports from Brazil

In 2021, shipments abroad of saccharin and its salts decreased by -99% to X kg, falling for the second year in a row after three years of growth. Overall, exports saw a precipitous descent. The most prominent rate of growth was recorded in 2015 when exports increased by 1,877%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, saccharin exports contracted dramatically to $X in 2021. In general, exports showed a precipitous slump. The most prominent rate of growth was recorded in 2015 when exports increased by 3,813%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Panama (X kg) was the main destination for saccharin exports from Brazil, accounting for a 61% share of total exports. Moreover, saccharin exports to Panama exceeded the volume sent to the second major destination, Singapore (X kg), threefold. The third position in this ranking was held by Hong Kong SAR (X kg), with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume to Panama stood at -52.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-18.4% per year) and Hong Kong SAR (0.0% per year).

In value terms, Singapore ($X) emerged as the key foreign market for saccharin and its salts exports from Brazil, comprising 38% of total exports. The second position in the ranking was held by Panama ($X), with a 19% share of total exports. It was followed by Bahamas, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Singapore amounted to +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-70.0% per year) and Bahamas (0.0% per year).

Export Prices by Country

The average saccharin export price stood at $X per ton in 2021, declining by -73% against the previous year. In general, the export price showed a perceptible decrease. The most prominent rate of growth was recorded in 2020 an increase of 213%. As a result, the export price attained the peak level of $X per ton, and then dropped dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahamas ($X per ton), while the average price for exports to Panama ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+28.3%), while the prices for the other major destinations experienced mixed trend patterns.

Saccharin Imports

Imports into Brazil

In 2021, approx. X tons of saccharin and its salts were imported into Brazil; with an increase of 11% compared with 2020 figures. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 30%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, saccharin imports rose sharply to $X in 2021. Overall, total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +21.1% against 2018 indices. The pace of growth appeared the most rapid in 2016 when imports increased by 70% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main saccharin supplier to Brazil, accounting for a 96% share of total imports. It was followed by India (X tons), with a 2.9% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest.

In value terms, China ($X) constituted the largest supplier of saccharin and its salts to Brazil, comprising 93% of total imports. The second position in the ranking was taken by India ($X), with a 3.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +3.0%.

Import Prices by Country

In 2021, the average saccharin import price amounted to $X per ton, picking up by 1.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2016 an increase of 31%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.5%).

Source: IndexBox Platform

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