MENA: Saccharin Market 2024

Saccharin Market Size in MENA

In 2021, the MENA's saccharin market increased by 16% to $X, rising for the second consecutive year after three years of decline. The total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +72.8% against 2019 indices. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Saccharin Production in MENA

In value terms, saccharin production rose significantly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 34%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Saccharin Exports

Exports in MENA

For the third consecutive year, MENA recorded growth in shipments abroad of saccharin and its salts, which increased by 7.1% to X tons in 2021. Overall, exports showed buoyant growth. The growth pace was the most rapid in 2017 with an increase of 197%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, saccharin exports expanded to $X in 2021. Over the period under review, exports showed a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 201%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Turkey dominates exports structure, amounting to X tons, which was approx. 85% of total exports in 2021. It was distantly followed by Israel (X tons), achieving an 8.2% share of total exports. The United Arab Emirates (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the saccharin and its salts exports, with a CAGR of +22.7% from 2012 to 2021. At the same time, the United Arab Emirates (+11.4%) displayed positive paces of growth. By contrast, Israel (-10.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey increased by +49 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest saccharin supplier in MENA, comprising 66% of total exports. The second position in the ranking was held by Israel ($X), with a 27% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey stood at +23.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (-5.6% per year) and the United Arab Emirates (+1.9% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, waning by -4.8% against the previous year. Overall, the export price showed a drastic downturn. The pace of growth was the most pronounced in 2018 when the export price increased by 31%. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+5.1%), while the other leaders experienced mixed trends in the export price figures.

Saccharin Imports

Imports in MENA

In 2021, approx. X tons of saccharin and its salts were imported in MENA; increasing by 14% compared with the previous year's figure. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +6.6% 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 +80.0% against 2018 indices. The most prominent rate of growth was recorded in 2020 with an increase of 57%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, saccharin imports soared to $X in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +74.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 50%. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Imports by Country

Turkey dominates imports structure, accounting for X tons, which was approx. 73% of total imports in 2021. It was distantly followed by Egypt (X tons), committing a 7.6% share of total imports. Iran (X tons), the United Arab Emirates (X tons), Algeria (X tons), Israel (X tons) and Iraq (X tons) took a little share of total imports.

Turkey was also the fastest-growing in terms of the saccharin and its salts imports, with a CAGR of +18.7% from 2012 to 2021. At the same time, Iran (+11.3%) and Iraq (+6.1%) displayed positive paces of growth. Algeria and Egypt experienced a relatively flat trend pattern. By contrast, Israel (-9.3%) and the United Arab Emirates (-11.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey increased by +45 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported saccharin and its salts in MENA, comprising 65% of total imports. The second position in the ranking was taken by Egypt ($X), with a 7.3% share of total imports. It was followed by Algeria, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value in Turkey amounted to +18.7%. The remaining importing countries recorded the following average annual rates of imports growth: Egypt (-1.3% per year) and Algeria (+7.6% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2021, picking up by 2.7% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the import price increased by 11% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Algeria ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+8.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform