Eastern Europe: Saccharin Market 2024

Saccharin Market Size in Eastern Europe

In 2021, the East European saccharin market increased by 9.6% to $X, rising for the third consecutive year after two years of decline. The total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +15.6% against 2018 indices. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Saccharin Production in Eastern Europe

In value terms, saccharin production rose rapidly to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by 22% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Saccharin Exports

Exports in Eastern Europe

In 2021, the amount of saccharin and its salts exported in Eastern Europe fell slightly to X tons, reducing by -2.7% compared with the previous year. Over the period under review, exports, however, saw notable growth. The most prominent rate of growth was recorded in 2015 when exports increased by 137% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, saccharin exports dropped to $X in 2021. Overall, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2015 when exports increased by 174% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Poland (X tons) represented the largest exporter of saccharin and its salts, committing 63% of total exports. Bulgaria (X tons) took the second position in the ranking, followed by Russia (X tons) and Hungary (X tons). All these countries together took approx. 30% share of total exports. The following exporters - the Czech Republic (X tons) and Lithuania (X tons) - each recorded a 6.8% share of total exports.

Exports from Poland increased at an average annual rate of +11.3% from 2012 to 2021. At the same time, Russia (+22.8%), Bulgaria (+11.4%), Hungary (+10.2%) and Lithuania (+5.5%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +22.8% from 2012-2021. By contrast, the Czech Republic (-19.0%) illustrated a downward trend over the same period. While the share of Poland (+27 p.p.), Russia (+8.2 p.p.), Bulgaria (+5.3 p.p.) and Hungary (+2.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the Czech Republic (-30.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest saccharin supplier in Eastern Europe, comprising 63% of total exports. The second position in the ranking was held by Russia ($X), with a 10% share of total exports. It was followed by Bulgaria, with a 10% share.

From 2012 to 2021, the average annual growth rate of value in Poland stood at +18.1%. In the other countries, the average annual rates were as follows: Russia (+24.5% per year) and Bulgaria (+16.7% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, waning by -9.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.7%. The most prominent rate of growth was recorded in 2020 when the export price increased by 28% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+12.5%), while the other leaders experienced more modest paces of growth.

Saccharin Imports

Imports in Eastern Europe

In 2021, overseas purchases of saccharin and its salts increased by 8% to X tons, rising for the third year in a row after three years of decline. The total import volume increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 22% against the previous year. The volume of import peaked at X tons in 2015; afterwards, it flattened through to 2021.

In value terms, saccharin imports totaled $X in 2021. Total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.1% 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 +18.6% against 2018 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 30% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Russia (X tons) and Poland (X tons) were the major importers of saccharin and its salts in 2021, recording approx. 32% and 32% of total imports, respectively. It was distantly followed by Slovakia (X tons) and Bulgaria (X tons), together achieving a 26% share of total imports. Ukraine (X tons), Hungary (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Slovakia (with a CAGR of +25.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest saccharin importing markets in Eastern Europe were Poland ($X), Russia ($X) and Slovakia ($X), together comprising 84% of total imports.

Among the main importing countries, Slovakia, with a CAGR of +38.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, stabilizing at the previous year. Over the last nine years, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2016 when the import price increased by 32%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Slovakia ($X per ton) and the Czech Republic ($X per ton), while Russia ($X per ton) and Bulgaria ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+10.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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