Middle East: Saccharin Market 2024

Saccharin Market Size in the Middle East

In 2021, the Middle Eastern saccharin market increased by 25% to $X, rising for the third consecutive year after two years of decline. The total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.9% 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 +104.0% against 2018 indices. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Saccharin Production in the Middle East

In value terms, saccharin production rose remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced 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 failed to regain momentum.

Saccharin Exports

Exports in the Middle East

For the third consecutive year, the Middle East recorded growth in overseas shipments of saccharin and its salts, which increased by 6.5% to X tons in 2021. Over the period under review, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 199% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, saccharin exports stood at $X in 2021. Overall, exports posted a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 210%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Turkey prevails in exports structure, resulting at X tons, which was near 86% of total exports in 2021. It was distantly followed by Israel (X tons), committing an 8.3% 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 ($X) remains the largest saccharin supplier in the Middle East, comprising 66% of total exports. The second position in the ranking was held by Israel ($X), with a 27% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey amounted to +23.4%. In the other countries, the average annual rates were as follows: Israel (-5.6% per year) and the United Arab Emirates (+1.9% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, which is down by -4.8% against the previous year. In general, the export price showed a abrupt decline. The pace of growth appeared the most rapid in 2018 an increase of 29% against the previous year. Over the period under review, the export prices attained the peak figure 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 the Middle East

For the third consecutive year, the Middle East recorded growth in overseas purchases of saccharin and its salts, which increased by 24% to X tons in 2021. In general, imports saw buoyant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 56%. The volume of import peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, saccharin imports soared to $X in 2021. Overall, imports saw a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of 54% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

Turkey dominates imports structure, finishing at X tons, which was approx. 84% of total imports in 2021. The following importers - Iran (X tons), the United Arab Emirates (X tons), Israel (X tons) and Iraq (X tons) - together made up 13% 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. By contrast, Israel (-9.3%) and the United Arab Emirates (-11.3%) illustrated a downward trend over the same period. While the share of Turkey (+49 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Israel (-11.3 p.p.) and the United Arab Emirates (-19 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported saccharin and its salts in the Middle East, comprising 81% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 5.7% share of total imports. It was followed by Iran, with a 4.3% share.

In Turkey, saccharin imports increased at an average annual rate of +18.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (-4.2% per year) and Iran (+10.0% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, picking up by 1.9% 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 2014 when the import price increased by 16% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Iraq ($X per ton), while Turkey ($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

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