GCC: Saccharin Market 2024

Saccharin Market Size in GCC

The GCC saccharin market dropped to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, saw a prominent increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Saccharin Production in GCC

In value terms, saccharin production fell to $X in 2022 estimated in export price. In general, production, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Saccharin Exports

Exports in GCC

In 2022, shipments abroad of saccharin and its salts increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports enjoyed a strong increase. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, saccharin exports soared to $X in 2022. Overall, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates prevails in exports structure, reaching X tons, which was near X% of total exports in 2022. Saudi Arabia (X tons) held a minor share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the saccharin and its salts exports, with a CAGR of X% from 2012 to 2022. Saudi Arabia (X%) illustrated a downward trend over the same period. Saudi Arabia (X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) remains the largest saccharin supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports.

In the United Arab Emirates, saccharin exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price showed a pronounced setback. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Saccharin Imports

Imports in GCC

After two years of growth, supplies from abroad of saccharin and its salts decreased by X% to X tons in 2022. Overall, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, saccharin imports shrank remarkably to $X in 2022. In general, imports saw a abrupt curtailment. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the key importer of saccharin and its salts, constituting X% of total imports. It was distantly followed by Oman (X tons) and Kuwait (X tons), together comprising a X% share of total imports. Bahrain (X tons) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to saccharin imports into the United Arab Emirates stood at X%. Oman (X%), Bahrain (X%) and Kuwait (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) and Oman (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported saccharin and its salts in GCC, comprising X% of total imports. The second position in the ranking was taken by Oman ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Oman (X% per year) and Kuwait (X% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, growing by X% against the previous year. Import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, saccharin import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the United Arab Emirates ($X per ton) and Oman ($X per ton), while Bahrain ($X per ton) and Kuwait ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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