Report Update Nov 1, 2024

Turkey - Saccharin and Its Salts - Market Analysis, Forecast, Size, Trends and Insights

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Turkey: Saccharin Market 2024

Saccharin Market Size in Turkey

For the third year in a row, the Turkish saccharin market recorded growth in sales value, which increased by 41% to $X in 2021. Over the period under review, consumption enjoyed a remarkable increase. Saccharin consumption peaked in 2021 and is likely to see steady growth in the near future.

Saccharin Exports

Exports from Turkey

In 2021, approx. X tons of saccharin and its salts were exported from Turkey; with an increase of 7.4% on the previous year. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 156%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, saccharin exports expanded slightly to $X in 2021. In general, exports saw a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 179% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Tanzania (X tons) was the main destination for saccharin exports from Turkey, accounting for a 32% share of total exports. Moreover, saccharin exports to Tanzania exceeded the volume sent to the second major destination, Ethiopia (X tons), sevenfold. Syrian Arab Republic (X kg) ranked third in terms of total exports with a 1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Tanzania stood at +14.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ethiopia (0.0% per year) and Syrian Arab Republic (+42.8% per year).

In value terms, Tanzania ($X) remains the key foreign market for saccharin and its salts exports from Turkey, comprising 33% of total exports. The second position in the ranking was held by Ethiopia ($X), with a 4.6% share of total exports. It was followed by Syrian Arab Republic, with a 1.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Tanzania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ethiopia (0.0% per year) and Syrian Arab Republic (+35.7% per year).

Export Prices by Country

In 2021, the average saccharin export price amounted to $X per ton, falling by -2.4% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 44% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 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 Iraq ($X per ton), while the average price for exports to Ethiopia ($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 Free Zones (+31.5%), while the prices for the other major destinations experienced more modest paces of growth.

Saccharin Imports

Imports into Turkey

In 2021, approx. X tons of saccharin and its salts were imported into Turkey; picking up by 36% on 2020. In general, imports recorded strong growth. The growth pace was the most rapid in 2020 with an increase of 78% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, saccharin imports skyrocketed to $X in 2021. Overall, imports showed a resilient expansion. The growth pace was the most rapid in 2020 with an increase of 86%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Thailand (X tons), China (X tons) and South Korea (X tons) were the main suppliers of saccharin imports to Turkey, together comprising 99% of total imports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +3,204.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), China ($X) and South Korea ($X) constituted the largest saccharin suppliers to Turkey, with a combined 97% share of total imports.

Thailand, with a CAGR of +3,637.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average saccharin import price stood at $X per ton in 2021, remaining constant against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 17%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, 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 South Korea ($X per ton), while the price for China ($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 (+13.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for saccharin and its salts in the world?

The countries with the highest volumes of in 2021 were China, the United States and South Korea, together comprising 32% of global consumption.

What are the largest producers of saccharin and its salts in the world?

China remains the largest saccharin producing country worldwide, comprising approx. 81% of total volume. Moreover, saccharin production in China exceeded the figures recorded by the second-largest producer, South Korea, fivefold.

What are the leading suppliers of saccharin and its salts to Turkey?

In value terms, Thailand, China and South Korea constituted the largest saccharin suppliers to Turkey, with a combined 97% share of total imports.

What are the leading importers of saccharin and its salts from Turkey?

In value terms, Tanzania remains the key foreign market for saccharin exports from Turkey, comprising 80% of total exports. The second position in the ranking was occupied by Ethiopia, with an 11% share of total exports. It was followed by Syrian Arab Republic, with a 3% share.

What is the average export price for saccharin and its salts in Turkey?

In 2021, the average saccharin export price amounted to $7,051 per ton, which is down by -3.2% against the previous year.

What is the average import price for saccharin and its salts in Turkey?

The average saccharin import price stood at $7,177 per ton in 2021, increasing by 3% against the previous year.

This report provides an in-depth analysis of the saccharin market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20144320 - Saccharin and its salts

Country coverage:

Turkey

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Turkey
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023