United Kingdom - Saccharin And Its Salts - Market Analysis, Forecast, Size, Trends And Insights
UK Saccharin Prices Reach Low of $11.0 per kg
United Kingdom Saccharin Import Price in January 2023
In January 2023, the saccharin price amounted to $11,011 per ton (CIF, United Kingdom), declining by -29.7% against the previous month. In general, the import price showed a deep downturn. The growth pace was the most rapid in October 2022 an increase of 135% against the previous month. The import price peaked at $31,695 per ton in May 2022; however, from June 2022 to January 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($227K per ton), while the price for China ($6,932 per ton) was amongst the lowest.
From January 2022 to January 2023, the most notable rate of growth in terms of prices was attained by South Korea (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.
|COUNTRY||Import Price of Saccharin in United Kingdom (USD per ton)|
|Jan 2022||Feb 2022||Mar 2022||Apr 2022||May 2022||Jun 2022||Jul 2022||Aug 2022||Sep 2022||Oct 2022||Nov 2022||Dec 2022||Jan 2023|
United Kingdom Saccharin Imports
In January 2023, after three months of growth, there was significant decline in supplies from abroad of saccharin and its salts, when their volume decreased by -30.9% to 35 tons. Over the period under review, imports, however, saw a strong expansion. The pace of growth was the most pronounced in February 2022 when imports increased by 241% m-o-m.
In value terms, saccharin imports dropped rapidly to $381K (IndexBox estimates) in January 2023. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2022 with an increase of 159% month-to-month.
United Kingdom Saccharin Imports by Country
In January 2023, China (31 tons) constituted the largest supplier of saccharin to the UK, accounting for a 89% share of total imports. Moreover, saccharin imports from China exceeded the figures recorded by the second-largest supplier, South Korea (2.4 tons), more than tenfold.
From January 2022 to January 2023, the average monthly rate of growth in terms of volume from China amounted to +5.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: South Korea (+7.7% per month) and Switzerland (-6.6% per month).
In value terms, China ($215K), Switzerland ($113K) and South Korea ($40K) were the largest saccharin suppliers to the UK, with a combined 96% share of total imports.
South Korea, with a CAGR of +10.5%, saw 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 mixed trend patterns.
This report provides an in-depth analysis of the saccharin market in the UK. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
Join our live webinar to get insights into the global biomass market.
Thursday, October 14th, 2021 @ 04:00 pm ET
Join our live webinar to get insights into the global anhydrous ammonia market.
Tuesday, June 15th, 2021 @ 04:00 pm ET
Join our live webinar to get insights into the global biodiesel market.
Thursday, June 10th, 2021 @ 04:00 pm ET