Morocco: Saccharin Market 2024

Saccharin Market Size in Morocco

For the third year in a row, the Moroccan saccharin market recorded growth in sales value, which increased by X% to $X in 2022. In general, the total consumption indicated a strong 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. Based on 2022 figures, consumption increased by X% against 2017 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Saccharin Exports

Exports from Morocco

In 2022, overseas shipments of saccharin and its salts decreased by X% to X kg, falling for the fourth consecutive year after two years of growth. In general, exports continue to indicate a sharp contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X kg in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, saccharin exports reduced markedly to $X in 2022. Over the period under review, exports saw a sharp slump. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Senegal (X kg) and France (X kg) were the main destinations of saccharin exports from Morocco.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of X%).

In value terms, Senegal ($X) emerged as the key foreign market for saccharin and its salts exports from Morocco, comprising X% of total exports. The second position in the ranking was taken by France ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Senegal stood at X%.

Export Prices by Country

The average saccharin export price stood at $X per ton in 2022, falling by X% against the previous year. In general, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Senegal ($X per ton), while the average price for exports to France totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%).

Saccharin Imports

Imports into Morocco

For the third year in a row, Morocco recorded growth in supplies from abroad of saccharin and its salts, which increased by X% to X tons in 2022. In general, imports showed prominent growth. The pace of growth was the most pronounced in 2015 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, saccharin imports soared to $X in 2022. Over the period under review, total imports indicated a resilient expansion 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. Based on 2022 figures, imports increased by X% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, South Korea (X tons) constituted the largest supplier of saccharin to Morocco, with a X% share of total imports. Moreover, saccharin imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Spain (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Spain (X% per year).

In value terms, South Korea ($X) constituted the largest supplier of saccharin and its salts to Morocco, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Spain, with an X% share.

From 2012 to 2022, the average annual growth rate of value from South Korea totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Spain (X% per year).

Import Prices by Country

The average saccharin import price stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price saw a perceptible contraction. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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