Global Saccharin Market 2024

Saccharin Market Size

The global saccharin market dropped slightly to $X in 2021, declining by -4.4% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the global market failed to regain momentum.

Saccharin Production

In value terms, saccharin production stood at $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 15% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, global production growth failed to regain momentum.

Saccharin Exports

Exports

Global saccharin exports rose to X tons in 2021, surging by 4.1% compared with 2020. The total export volume increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2017 when exports increased by 22% against the previous year. The global exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, saccharin exports rose to $X in 2021. The total export value increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 28% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the global exports remained at a lower figure.

Exports by Country

China dominates exports structure, finishing at X tons, which was near 68% of total exports in 2021. South Korea (X tons) took the second position in the ranking, followed by Germany (X tons) and Thailand (X tons). All these countries together took approx. 20% share of total exports. India (X tons), Spain (X tons) and the Netherlands (X tons) held a relatively small share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of saccharin and its salts. At the same time, Thailand (+141.4%), the Netherlands (+24.0%), India (+6.9%) and South Korea (+3.3%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of +141.4% from 2012-2021. Germany experienced a relatively flat trend pattern. By contrast, Spain (-2.8%) illustrated a downward trend over the same period. Thailand (+4.7 p.p.), the Netherlands (+1.6 p.p.) and South Korea (+1.5 p.p.) significantly strengthened its position in terms of the global exports, while China saw its share reduced by -4.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest saccharin supplier worldwide, comprising 60% of global exports. The second position in the ranking was taken by South Korea ($X), with a 13% share of global exports. It was followed by Germany, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to +3.7%. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+3.4% per year) and Germany (+2.9% per year).

Export Prices by Country

The average saccharin export price stood at $X per ton in 2021, falling by -2.5% against the previous year. In general, export price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, saccharin export price decreased by +0.3% against 2018 indices. The pace of growth was the most pronounced in 2016 an increase of 30% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.2%), while the other global leaders experienced more modest paces of growth.

Saccharin Imports

Imports

In 2021, overseas purchases of saccharin and its salts increased by 0.1% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2020 with an increase of 14% against the previous year. Over the period under review, global imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, saccharin imports dropped slightly to $X in 2021. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 26% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of global imports remained at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons), the United States (X tons), Thailand (X tons), Brazil (X tons) and Spain (X tons) represented the key importer of saccharin and its salts in the world, creating 40% of total import. Turkey (X tons), South Korea (X tons), the UK (X tons), Pakistan (X tons), India (X tons), Japan (X tons), Indonesia (X tons) and the Netherlands (X tons) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +25.3%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Brazil ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 29% of global imports. The UK, Spain, Turkey, India, South Korea, Japan, Pakistan, Indonesia and the Netherlands lagged somewhat behind, together accounting for a further 30%.

The Netherlands, with a CAGR of +32.1%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average saccharin import price stood at $X per ton in 2021, reducing by -4.6% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 16% 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 remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the UK ($X per ton), while Spain ($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 global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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