EU: Saccharin Market 2024

Saccharin Market Size in the EU

In 2021, the EU saccharin market increased by 2.4% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Saccharin Production in the EU

In value terms, saccharin production soared to $X in 2021 estimated in export price. In general, production, however, saw a deep slump. The most prominent rate of growth was recorded in 2014 when the production volume increased by 40%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Saccharin Exports

Exports in the EU

After two years of growth, overseas shipments of saccharin and its salts decreased by -2.9% to X tons in 2021. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 25% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, saccharin exports reduced to $X in 2021. The total export value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by 20% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Germany represented the key exporter of saccharin and its salts in the European Union, with the volume of exports finishing at X tons, which was approx. 54% of total exports in 2021. Spain (X tons) took the second position in the ranking, followed by the Netherlands (X tons). All these countries together took approx. 34% share of total exports. Italy (X tons), France (X tons) and Portugal (X tons) followed a long way behind the leaders.

Germany experienced a relatively flat trend pattern with regard to volume of exports of saccharin and its salts. At the same time, the Netherlands (+24.0%), Italy (+11.9%) and Portugal (+3.5%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +24.0% from 2012-2021. France experienced a relatively flat trend pattern. By contrast, Spain (-2.8%) illustrated a downward trend over the same period. The Netherlands (+14 p.p.) and Italy (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while Germany and Spain saw its share reduced by -3.6% and -7.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest saccharin supplier in the European Union, comprising 53% of total exports. The second position in the ranking was taken by Spain ($X), with an 18% share of total exports. It was followed by the Netherlands, with a 16% share.

From 2012 to 2021, the average annual growth rate of value in Germany stood at +2.9%. In the other countries, the average annual rates were as follows: Spain (-2.5% per year) and the Netherlands (+22.7% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, with a decrease of -4.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2016 when the export price increased by 27% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in France ($X per ton) and Spain ($X per ton), while Portugal ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.7%), while the other leaders experienced mixed trends in the export price figures.

Saccharin Imports

Imports in the EU

In 2021, supplies from abroad of saccharin and its salts increased by 4% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 18%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, saccharin imports contracted to $X in 2021. The total import value increased at an average annual rate of +3.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 22%. 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, Germany (X tons) was the major importer of saccharin and its salts, committing 40% of total imports. Spain (X tons) took a 23% share (based on physical terms) of total imports, which put it in second place, followed by the Netherlands (8%), Poland (5%) and Italy (4.7%). France (X tons), Slovakia (X tons) and Ireland (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 main 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, Germany ($X) constitutes the largest market for imported saccharin and its salts in the European Union, comprising 38% of total imports. The second position in the ranking was held by Spain ($X), with a 15% share of total imports. It was followed by the Netherlands, with an 8.2% share.

From 2012 to 2021, the average annual growth rate of value in Germany stood at +3.0%. The remaining importing countries recorded the following average annual rates of imports growth: Spain (+3.3% per year) and the Netherlands (+32.1% per year).

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, falling by -10.6% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 22%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Slovakia ($X per ton), while Spain ($X per ton) was 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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