United Arab Emirates: Saccharin Market 2024

Saccharin Market Size in the United Arab Emirates

The saccharin market in the United Arab Emirates 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, however, showed a deep downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Saccharin Exports

Exports from the United Arab Emirates

In 2021, overseas shipments of saccharin and its salts were finally on the rise to reach X tons after three years of decline. Overall, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 359% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, saccharin exports surged to $X in 2021. In general, exports recorded a slight increase. The pace of growth was the most pronounced in 2017 with an increase of 399%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Oman (X tons) was the main destination for saccharin exports from the United Arab Emirates, accounting for a 97% share of total exports. It was followed by Malawi (X kg), with a 2.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Oman stood at -2.2%.

In value terms, Oman ($X) remains the key foreign market for saccharin and its salts exports from the United Arab Emirates, comprising 93% of total exports. The second position in the ranking was held by Malawi ($X), with a 5.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Oman amounted to -6.4%.

Export Prices by Country

In 2021, the average saccharin export price amounted to $X per ton, rising by 10% against the previous year. In general, the export price, however, continues to indicate a deep reduction. The pace of growth was the most pronounced in 2020 an increase of 50% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Malawi ($X per ton), while the average price for exports to Oman totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+7.9%), while the prices for the other major destinations experienced a decline.

Saccharin Imports

Imports into the United Arab Emirates

In 2021, overseas purchases of saccharin and its salts increased by 20% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, saw a deep setback. The most prominent rate of growth was recorded in 2017 when imports increased by 119% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, saccharin imports soared to $X in 2021. Overall, imports, however, saw a perceptible setback. The pace of growth was the most pronounced in 2020 when imports increased by 57% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest saccharin supplier to the United Arab Emirates, with a 57% share of total imports. Moreover, saccharin imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. Switzerland (X tons) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -16.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+21.6% per year) and Switzerland (+2.0% per year).

In value terms, the largest saccharin suppliers to the United Arab Emirates were China ($X), India ($X) and Switzerland ($X), together accounting for 77% of total imports. These countries were followed by Germany, Spain, the UK and Serbia, which together accounted for a further 14%.

Among the main suppliers, Spain, with a CAGR of +147.2%, recorded 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 average saccharin import price amounted to $X per ton, rising by 10% against the previous year. In general, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 an increase of 44%. Over the period under review, average import prices attained 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 supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Serbia ($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 (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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