Russian Federation: Saccharin Market 2024

Saccharin Market Size in the Russian Federation

The Russian saccharin market surged to $X in 2021, picking up by 22% 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 saw prominent growth. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Saccharin Exports

Exports from the Russian Federation

Saccharin exports from Russia soared to X tons in 2021, picking up by 35% compared with the previous year. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 52%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, saccharin exports surged to $X in 2021. Overall, exports saw a significant increase. The pace of growth was the most pronounced in 2018 when exports increased by 65%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Armenia (X tons), Uzbekistan (X tons) and Ukraine (X tons) were the main destinations of saccharin exports from Russia, together comprising 92% of total exports.

From 2012 to 2021, the biggest increases were recorded for Ukraine (with a CAGR of +140.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Armenia ($X), Uzbekistan ($X) and Ukraine ($X) appeared to be the largest markets for saccharin exported from Russia worldwide, with a combined 90% share of total exports.

In terms of the main countries of destination, Ukraine, with a CAGR of +142.5%, recorded the highest rates of growth with regard to the value of exports, 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, rising by 7.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2018 an increase of 11% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were Kazakhstan ($X per ton) and Belarus ($X per ton), while the average price for exports to Uzbekistan ($X per ton) and Armenia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Saccharin Imports

Imports into the Russian Federation

After five years of decline, purchases abroad of saccharin and its salts increased by 16% to X tons in 2021. In general, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 47% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, saccharin imports surged to $X in 2021. Over the period under review, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 67%. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main saccharin supplier to Russia, accounting for a 91% share of total imports. Moreover, saccharin imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+60.1% per year) and Thailand (+957.2% per year).

In value terms, China ($X) constituted the largest supplier of saccharin and its salts to Russia, comprising 87% of total imports. The second position in the ranking was held by France ($X), with a 6.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+56.1% per year) and Thailand (+751.1% per year).

Import Prices by Country

The average saccharin import price stood at $X per ton in 2021, picking up by 7.6% against the previous year. In general, import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.9% 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 +12.5% against 2018 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 33%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Thailand ($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 (+2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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