Ireland: Saccharin Market 2024

Saccharin Market Size in Ireland

The Irish saccharin market surged to $X in 2021, jumping by 74% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed a tangible expansion. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Saccharin Exports

Exports from Ireland

After three years of growth, overseas shipments of saccharin and its salts decreased by -10.6% to X tons in 2021. In general, total exports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +48.5% against 2017 indices. The pace of growth was the most pronounced in 2020 when exports increased by 28% against the previous year. As a result, the exports reached the peak of X tons, and then declined in the following year.

In value terms, saccharin exports surged to $X in 2021. Over the period under review, exports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2015 with an increase of 35% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The UK (X tons) was the main destination for saccharin exports from Ireland, with a 54% share of total exports. Moreover, saccharin exports to the UK exceeded the volume sent to the second major destination, France (X tons), twofold. Croatia (X tons) ranked third in terms of total exports with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume to the UK totaled -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+36.7% per year) and Croatia (+233.2% per year).

In value terms, the largest markets for saccharin exported from Ireland were the UK ($X), Croatia ($X) and France ($X), with a combined 70% share of total exports.

Croatia, with a CAGR of +265.2%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average saccharin export price stood at $X per ton in 2021, picking up by 34% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, saccharin export price increased by +103.5% against 2013 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to France ($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 Bulgaria (+89.5%), while the prices for the other major destinations experienced more modest paces of growth.

Saccharin Imports

Imports into Ireland

In 2021, saccharin imports into Ireland surged to X tons, growing by 68% compared with the previous year's figure. Overall, imports continue to indicate strong growth. The pace of growth appeared the most rapid in 2014 with an increase of 76%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, saccharin imports rose remarkably to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 30%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, India (X tons) constituted the largest saccharin supplier to Ireland, accounting for a 49% share of total imports. Moreover, saccharin imports from India exceeded the figures recorded by the second-largest supplier, the UK (X tons), twofold. The third position in this ranking was held by Spain (X tons), with a 7.5% share.

From 2012 to 2021, the average annual growth rate of volume from India stood at +37.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-5.0% per year) and Spain (+6.6% per year).

In value terms, the largest saccharin suppliers to Ireland were India ($X), Switzerland ($X) and the UK ($X), with a combined 75% share of total imports. These countries were followed by Spain, France, the Netherlands, South Korea and China, which together accounted for a further 24%.

France, with a CAGR of +166.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average saccharin import price amounted to $X per ton, which is down by -31.9% against the previous year. Overall, the import price showed a deep slump. The pace of growth appeared the most rapid in 2013 when the average import price increased by 37% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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