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Turkey - Sorbitol (Excluding D-Glucitol) - Market Analysis, Forecast, Size, Trends And Insights

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Jun 23, 2023

Sorbitol Price in Turkey Drops 4% to $743 per Ton After Three Consecutive Months of Contraction

Turkey Sorbitol Export Price in January 2023

In January 2023, the sorbitol price amounted to $743 per ton (FOB, Turkey), with a decrease of -3.6% against the previous month. In general, the export price, however, recorded a mild increase. The pace of growth appeared the most rapid in April 2022 when the average export price increased by 13% against the previous month. Over the period under review, the average export prices reached the peak figure at $831 per ton in June 2022; however, from July 2022 to January 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In January 2023, the countries with the highest prices were Azerbaijan ($849 per ton) and El Salvador ($836 per ton), while the average price for exports to Egypt ($650 per ton) and Nigeria ($684 per ton) were amongst the lowest.

From January 2022 to January 2023, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

COUNTRY	Export Price of Sorbitol in Turkey (USD per ton)
COUNTRY	Jan 2022	Feb 2022	Mar 2022	Apr 2022	May 2022	Jun 2022	Jul 2022	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023
Azerbaijan	1,003	785	N/A	789	789	808	780	799	943	766	900	N/A	849
El Salvador	N/A	N/A	N/A	N/A	800	N/A	N/A	775	N/A	N/A	N/A	N/A	836
Costa Rica	N/A	N/A	N/A	N/A	800	N/A	N/A	787	N/A	775	N/A	N/A	807
Algeria	902	684	770	752	820	842	823	758	950	818	832	1,292	802
Serbia	736	640	747	800	794	810	N/A	810	780	699	600	800	800
Honduras	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	778
Brazil	N/A	770	776	756	782	N/A	794	795	N/A	N/A	N/A	N/A	758
Argentina	620	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	746	N/A	N/A	752
Ecuador	818	N/A	N/A	776	800	817	N/A	N/A	835	N/A	N/A	N/A	743
Jordan	N/A	N/A	799	N/A	N/A	N/A	N/A	721	705	N/A	N/A	758	726
Uruguay	550	N/A	810	N/A	810	N/A	N/A	810	N/A	N/A	700	N/A	700
Nigeria	564	539	568	N/A	N/A	N/A	N/A	687	669	671	688	665	684
Egypt	620	N/A	654	764	782	748	787	777	N/A	N/A	713	650	650
Average	660	683	671	762	815	831	824	830	752	791	777	771	743

Turkey Sorbitol Exports

In January 2023, shipments abroad of sorbitol (excluding d-glucitol) decreased by -45.6% to 1.4K tons for the first time since September 2022, thus ending a three-month rising trend. Overall, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in August 2022 with an increase of 66% month-to-month.

In value terms, sorbitol exports shrank significantly to $1.1M (IndexBox estimates) in January 2023. In general, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in August 2022 when exports increased by 68% month-to-month.

Turkey Sorbitol Exports by Country

Nigeria (360 tons), Egypt (312 tons) and Algeria (193 tons) were the main destinations of sorbitol exports from Turkey, together comprising 61% of total exports. These countries were followed by Brazil, Serbia, Argentina, Azerbaijan, Jordan, Honduras, Ecuador, Costa Rica, Uruguay and El Salvador, which together accounted for a further 28%.

From January 2022 to January 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +13.4%), while the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($246K), Egypt ($203K) and Algeria ($155K) were the largest markets for sorbitol exported from Turkey worldwide, with a combined 57% share of total exports. Brazil, Serbia, Argentina, Azerbaijan, El Salvador, Costa Rica, Honduras, Ecuador, Jordan and Uruguay lagged somewhat behind, together accounting for a further 29%.

In terms of the main countries of destination, Brazil, with a CAGR of +13.3%, 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.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the sorbitol market in Turkey. 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 20595770 - Sorbitol (excluding D-glucitol)

Country coverage:

Turkey

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Turkey
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023

Turkey - Sorbitol (Excluding D-Glucitol) - Market Analysis, Forecast, Size, Trends And Insights

Sorbitol Price in Turkey Drops 4% to $743 per Ton After Three Consecutive Months of Contraction

Turkey Sorbitol Export Price in January 2023

Turkey Sorbitol Exports

Turkey Sorbitol Exports by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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