GCC: Saccharin Market 2024

Saccharin Market Size in GCC

For the third consecutive year, the GCC saccharin market recorded growth in sales value, which increased by 15% to $X in 2021. Over the period under review, consumption, however, continues to indicate a abrupt descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Saccharin Production in GCC

In value terms, saccharin production rose rapidly to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 34%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Saccharin Exports

Exports in GCC

In 2021, overseas shipments of saccharin and its salts were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports enjoyed a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of 470%. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, saccharin exports soared to $X in 2021. In general, exports showed a pronounced expansion. The pace of growth was the most pronounced in 2017 when exports increased by 397% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates was the largest exporting country with an export of about X tons, which resulted at 75% of total exports. It was distantly followed by Saudi Arabia (X tons), making up a 25% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the saccharin and its salts exports, with a CAGR of +11.4% from 2012 to 2021. Saudi Arabia (-32.7%) illustrated a downward trend over the same period. Saudi Arabia (+25 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -25% from 2012 to 2021, respectively.

In value terms, the United Arab Emirates ($X) remains the largest saccharin supplier in GCC, comprising 88% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 12% share of total exports.

In the United Arab Emirates, saccharin exports increased at an average annual rate of +1.9% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in GCC amounted to $X per ton, growing by 24% against the previous year. In general, the export price, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when the export price increased by 26% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-6.3%).

Saccharin Imports

Imports in GCC

In 2021, purchases abroad of saccharin and its salts increased by 23% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, showed a abrupt slump. The growth pace was the most rapid in 2017 with an increase of 83%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, saccharin imports soared to $X in 2021. Overall, imports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 28% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

The United Arab Emirates was the major importing country with an import of about X tons, which resulted at 74% of total imports. Kuwait (X tons) took the second position in the ranking, followed by Oman (X tons). All these countries together held approx. 23% share of total imports. Bahrain (X tons) took a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to saccharin imports into the United Arab Emirates stood at -11.3%. Oman (-2.7%), Bahrain (-8.9%) and Kuwait (-15.4%) illustrated a downward trend over the same period. The United Arab Emirates (+18 p.p.) and Oman (+7.3 p.p.) significantly strengthened its position in terms of the total imports, while Kuwait saw its share reduced by -2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported saccharin and its salts in GCC, comprising 76% of total imports. The second position in the ranking was held by Oman ($X), with an 11% share of total imports. It was followed by Kuwait, with a 10% share.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates totaled -4.2%. In the other countries, the average annual rates were as follows: Oman (-1.7% per year) and Kuwait (-4.9% per year).

Import Prices by Country

In 2021, the import price in GCC amounted to $X per ton, rising by 3.3% against the previous year. Import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, saccharin import price increased by +33.5% against 2017 indices. The pace of growth was the most pronounced in 2018 an increase of 37% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in the United Arab Emirates ($X per ton) and Bahrain ($X per ton), while Kuwait ($X per ton) and Oman ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+12.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform