Switzerland: Saccharin Market 2024

Saccharin Market Size in Switzerland

The Swiss saccharin market dropped markedly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption showed a deep reduction. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Saccharin Production in Switzerland

In value terms, saccharin production shrank to $X in 2022 estimated in export price. Overall, production saw a noticeable curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Saccharin Exports

Exports from Switzerland

In 2022, shipments abroad of saccharin and its salts decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2019 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, saccharin exports contracted to $X in 2022. Over the period under review, exports saw a deep contraction. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons), Austria (X tons) and Germany (X tons) were the main destinations of saccharin exports from Switzerland, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, the UK ($X) remains the key foreign market for saccharin and its salts exports from Switzerland, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the UK amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Spain (X% per year).

Export Prices by Country

In 2022, the average saccharin export price amounted to $X per ton, flattening at the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Saccharin Imports

Imports into Switzerland

In 2022, purchases abroad of saccharin and its salts decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports saw a deep setback. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, saccharin imports shrank markedly to $X in 2022. Over the period under review, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

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

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

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

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

Import Prices by Country

In 2022, the average saccharin import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, import price indicated a strong expansion 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 2018 indices. The growth pace was the most rapid in 2016 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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