Denmark: Saccharin Market 2024

Saccharin Market Size in Denmark

In 2021, the Danish saccharin market increased by 15% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Saccharin Exports

Exports from Denmark

In 2021, exports of saccharin and its salts from Denmark expanded sharply to X tons, increasing by 12% compared with the previous year's figure. Over the period under review, exports, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2018 with an increase of 55% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, saccharin exports declined modestly to $X in 2021. Overall, exports, however, continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2018 with an increase of 66% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Ghana (X tons) was the main destination for saccharin exports from Denmark, with a 74% share of total exports. Moreover, saccharin exports to Ghana exceeded the volume sent to the second major destination, Sweden (X kg), sevenfold. The third position in this ranking was held by Greenland (X kg), with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ghana amounted to +8.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-5.8% per year) and Greenland (-8.8% per year).

In value terms, Ghana ($X) emerged as the key foreign market for saccharin and its salts exports from Denmark, comprising 66% of total exports. The second position in the ranking was taken by Greenland ($X), with a 13% share of total exports. It was followed by Sweden, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ghana stood at +14.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greenland (-1.0% per year) and Sweden (-5.1% per year).

Export Prices by Country

In 2021, the average saccharin export price amounted to $X per ton, dropping by -13.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2017 an increase of 24%. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Faroe Islands ($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 Norway (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Saccharin Imports

Imports into Denmark

In 2021, approx. X tons of saccharin and its salts were imported into Denmark; with an increase of 18% compared with 2020. Over the period under review, imports, however, recorded a perceptible curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 41%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, saccharin imports stood at $X in 2021. In general, imports, however, showed a perceptible descent. The pace of growth appeared the most rapid in 2020 when imports increased by 139%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Spain (X tons), Germany (X tons) and Switzerland (X tons) were the main suppliers of saccharin imports to Denmark, together accounting for 89% of total imports. These countries were followed by the Netherlands and Poland, which together accounted for a further 9%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +29.1%), while imports for the other leaders experienced a decline.

In value terms, Switzerland ($X) constituted the largest supplier of saccharin and its salts to Denmark, comprising 75% of total imports. The second position in the ranking was held by Spain ($X), with a 13% share of total imports. It was followed by Germany, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Switzerland totaled -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-0.5% per year) and Germany (-2.2% per year).

Import Prices by Country

The average saccharin import price stood at $X per ton in 2021, with a decrease of -13.6% against the previous year. In general, the import price, however, enjoyed a slight increase. The most prominent rate of growth was recorded in 2019 an increase of 82% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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