Latin America and the Caribbean: Saccharin Market 2024

Saccharin Market Size in Latin America and the Caribbean

In 2022, the Latin American saccharin market increased by X% to $X, rising for the third year in a row after three years of decline. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Saccharin Production in Latin America and the Caribbean

In value terms, saccharin production fell modestly to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced decrease. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

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Saccharin Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of saccharin and its salts were finally on the rise to reach X tons after two years of decline. In general, exports, however, showed a relatively flat trend pattern. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, saccharin exports surged to $X in 2022. Total exports indicated a measured increase from 2012 to 2022: its value 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. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Guatemala represented the largest exporter of saccharin and its salts in Latin America and the Caribbean, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. Chile (X tons) took the second position in the ranking, followed by Colombia (X tons), El Salvador (X tons), Costa Rica (X tons), Panama (X tons) and Peru (X tons). All these countries together took approx. X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to saccharin exports from Guatemala stood at X%. At the same time, El Salvador (X%), Peru (X%), Colombia (X%) and Panama (X%) displayed positive paces of growth. Moreover, El Salvador emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Chile (X%) and Costa Rica (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of El Salvador, Guatemala, Peru and Colombia increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Guatemala ($X) remains the largest saccharin supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by El Salvador ($X), with an X% share of total exports. It was followed by Colombia, with an X% share.

In Guatemala, saccharin exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: El Salvador (X% per year) and Colombia (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, increasing by X% against the previous year. Export price indicated prominent 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 export price increased by X% against 2017 indices. The pace of growth was the most pronounced in 2020 when the export price increased by X%. Over the period under review, the export prices reached the maximum in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Panama ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced more modest paces of growth.

Saccharin Imports

Imports in Latin America and the Caribbean

For the fourth year in a row, LatAmerica and the Caribbean recorded growth in overseas purchases of saccharin and its salts, which increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, saccharin imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Brazil (X tons) represented the major importer of saccharin and its salts, committing X% of total imports. Cuba (X tons) held the second position in the ranking, followed by Argentina (X tons), Colombia (X tons) and Mexico (X tons). All these countries together held near X% share of total imports. Guatemala (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to saccharin imports into Brazil stood at X%. At the same time, Cuba (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Cuba emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Guatemala experienced a relatively flat trend pattern. By contrast, Argentina (X%) and Mexico (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Cuba and Brazil increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported saccharin and its salts in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with an X% share of total imports. It was followed by Cuba, with a X% share.

In Brazil, saccharin imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Cuba (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2016 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per ton), while Cuba ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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