Asia: Sorbitol Market 2024

Sorbitol Market Size in Asia

The Asian sorbitol market contracted modestly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Sorbitol Production in Asia

In value terms, sorbitol production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Sorbitol Exports

Exports in Asia

For the third consecutive year, Asia recorded growth in overseas shipments of d-glucitol (sorbitol), which increased by X% to X tons in 2022. Total exports indicated prominent growth from 2012 to 2022: its volume 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, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, sorbitol exports skyrocketed to $X in 2022. Overall, exports showed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the largest exporting country with an export of around X tons, which resulted at X% of total exports. India (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (X%) and Thailand (X%).

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest sorbitol supplier in Asia, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

In China, sorbitol exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, growing by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Indonesia ($X per ton) and China ($X per ton), while India ($X per ton) and Thailand ($X per ton) were amongst the lowest.

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

Sorbitol Imports

Imports in Asia

In 2022, supplies from abroad of d-glucitol (sorbitol) decreased by X% to X tons for the first time since 2011, thus ending a ten-year rising trend. Total imports indicated noticeable growth from 2012 to 2022: its volume 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 2018 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2021, and then declined in the following year.

In value terms, sorbitol imports expanded modestly to $X in 2022. Total imports indicated pronounced growth 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 2014 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Japan (X tons), distantly followed by Thailand (X tons), Turkey (X tons), South Korea (X tons), Iran (X tons), Taiwan (Chinese) (X tons), Malaysia (X tons) and Vietnam (X tons) were the largest importers of d-glucitol (sorbitol), together committing X% of total imports. India (X tons), Bangladesh (X tons), Saudi Arabia (X tons), the United Arab Emirates (X tons) and Nepal (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Iran (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Turkey ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Thailand, Iran, Taiwan (Chinese), India, Vietnam, Malaysia, Saudi Arabia, Bangladesh, the United Arab Emirates and Nepal lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Iran, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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