Switzerland: Saccharin Market 2024

Saccharin Market Size in Switzerland

The Swiss saccharin market fell dramatically to $X in 2021, dropping by -38.1% 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 a deep reduction. Saccharin consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Saccharin Exports

Exports from Switzerland

In 2021, after two years of growth, there was significant decline in shipments abroad of saccharin and its salts, when their volume decreased by -30.1% to X tons. Overall, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2019 with an increase of 89%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, saccharin exports declined modestly to $X in 2021. Over the period under review, exports showed a pronounced decrease. The pace of growth was the most pronounced in 2020 when exports increased by 101%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X tons), Austria (X tons) and Germany (X tons) were the main destinations of saccharin exports from Switzerland, together accounting for 63% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +31.4%), while the other leaders experienced a decline.

In value terms, the UK ($X) remains the key foreign market for saccharin and its salts exports from Switzerland, comprising 42% of total exports. The second position in the ranking was held by Australia ($X), with an 11% share of total exports. It was followed by Spain, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK amounted to -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-4.0% per year) and Spain (-3.6% per year).

Export Prices by Country

The average saccharin export price stood at $X per ton in 2021, with an increase of 42% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 61%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Austria ($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 Germany (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Saccharin Imports

Imports into Switzerland

In 2021, overseas purchases of saccharin and its salts decreased by -39.3% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2017 when imports increased by 26% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, saccharin imports shrank dramatically to $X in 2021. In general, imports recorded a pronounced curtailment. The pace of growth was the most pronounced in 2014 when imports increased by 26%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), India (X tons) and South Korea (X tons) were the main suppliers of saccharin imports to Switzerland, together comprising 94% of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +252.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X), India ($X) and South Korea ($X) constituted the largest saccharin suppliers to Switzerland, with a combined 93% share of total imports.

Among the main suppliers, India, with a CAGR of +182.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average saccharin import price stood at $X per ton in 2021, picking up by 6.7% against the previous year. In general, import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +4.0% 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 +13.4% against 2018 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 38% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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