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India - Saccharin And Its Salts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIndia's Saccharin Price Increases Slightly to $8,991 per Ton
India Saccharin Export Price in November 2022
In November 2022, the saccharin price stood at $8,991 per ton (FOB, India), remaining constant against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in March 2022 an increase of 3.7% against the previous month. Over the period under review, the average export prices reached the peak figure at $9,467 per ton in January 2022; however, from February 2022 to November 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In November 2022, the highest price was recorded for prices to Japan ($9,488 per ton) and Egypt ($8,872 per ton), while the average price for exports to Bangladesh ($8,396 per ton) and Vietnam ($8,502 per ton) were amongst the lowest.
From January 2022 to November 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.
India Saccharin Exports
In November 2022, shipments abroad of saccharin and its salts increased by 8.4% to 97 tons, rising for the second consecutive month after two months of decline. Overall, total exports indicated modest growth from January 2022 to November 2022: its volume increased at an average monthly rate of +1.3% over the last ten months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2022 figures, exports increased by +12.7% against September 2022 indices. The growth pace was the most rapid in March 2022 when exports increased by 80% against the previous month. The exports peaked at 147 tons in April 2022; afterwards, it flattened through to November 2022.
In value terms, saccharin exports rose markedly to $869K (IndexBox estimates) in November 2022. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 with an increase of 87% month-to-month. The exports peaked at 1.3K tons in April 2022; however, from May 2022 to November 2022, the exports stood at a somewhat lower figure.
India Saccharin Exports by Country
The United States (20 tons), Vietnam (17 tons) and Swaziland (16 tons) were the main destinations of saccharin exports from India, with a combined 55% share of total exports.
From January 2022 to November 2022, the biggest increases were in Swaziland (with a CAGR of +7.2%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the largest markets for saccharin exported from India were the United States ($178K), Japan ($152K) and Vietnam ($143K), together accounting for 54% of total exports. Swaziland, Egypt, Thailand and Bangladesh lagged somewhat behind, together comprising a further 34%.
In terms of the main countries of destination, Egypt, with a CAGR of +197.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Saccharin Market Overview
Saccharin is an artificial sweetener which is used as a sugar substitute in various food & beverage products. It is available in both powder and liquid form and is widely used in products such as soft drinks, jams, jellies, desserts, etc.
The increasing demand for artificial sweeteners from the food & beverage industry is the key factor driving the growth of the saccharin market in India. Moreover, the growing health consciousness among consumers and the changing lifestyle are also some of the other factors expected to boost the growth of this market.
However, not all consumers are willing to pay the higher prices being charged for saccharin and many are instead opting for cheaper artificial sweeteners such as sucralose. This could limit the long-term growth potential of the saccharin market in India.
This report provides an in-depth analysis of the saccharin market in India. 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.
Product coverage:
- Prodcom 20144320 - Saccharin and its salts
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023