South-Eastern Asia: Saccharin Market 2024

Saccharin Market Size in South-Eastern Asia

In 2021, the Southeast Asian saccharin market decreased by -17.1% to $X for the first time since 2015, thus ending a five-year rising trend. The total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then dropped dramatically in the following year.

Saccharin Production in South-Eastern Asia

In value terms, saccharin production surged to $X in 2021 estimated in export price. Over the period under review, production recorded a strong increase. The growth pace was the most rapid in 2017 with an increase of 763% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Saccharin Exports

Exports in South-Eastern Asia

In 2021, overseas shipments of saccharin and its salts increased by 513% to X tons, rising for the second consecutive year after two years of decline. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, saccharin exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand dominates exports structure, finishing at X tons, which was approx. 89% of total exports in 2021. It was distantly followed by Indonesia (X tons), making up a 6.8% share of total exports. Cambodia (X tons) followed a long way behind the leaders.

Thailand was also the fastest-growing in terms of the saccharin and its salts exports, with a CAGR of +141.4% from 2012 to 2021. Cambodia experienced a relatively flat trend pattern. Indonesia (-8.2%) illustrated a downward trend over the same period. While the share of Thailand (+89 p.p.) and Cambodia (+3.2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Indonesia (-77 p.p.) displayed negative dynamics.

In value terms, the largest saccharin supplying countries in South-Eastern Asia were Indonesia ($X) and Cambodia ($X).

Among the main exporting countries, Cambodia, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, falling by -60.8% against the previous year. Overall, the export price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2013 when the export price increased by 37%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Cambodia ($X per ton), while Indonesia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+5.0%).

Saccharin Imports

Imports in South-Eastern Asia

In 2021, saccharin imports in South-Eastern Asia surged to X tons, increasing by 29% against 2020 figures. Overall, imports posted a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, saccharin imports surged to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 26%. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Thailand represented the largest importing country with an import of about X tons, which resulted at 52% of total imports. Indonesia (X tons) held the second position in the ranking, followed by Vietnam (X tons), Myanmar (X tons) and Malaysia (X tons). All these countries together held near 46% share of total imports.

Imports into Thailand increased at an average annual rate of +11.0% from 2012 to 2021. At the same time, Myanmar (+24.7%), Malaysia (+9.3%) and Vietnam (+8.0%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +24.7% from 2012-2021. Indonesia experienced a relatively flat trend pattern. From 2012 to 2021, the share of Thailand and Myanmar increased by +11 and +7.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X), Vietnam ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2021, with a combined 87% share of total imports.

Among the main importing countries, Vietnam, with a CAGR of +12.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, with a decrease of -4.7% against the previous year. Over the period under review, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 18%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+7.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :