Asia-Pacific: Sorbitol Market 2024

Sorbitol Market Size in Asia-Pacific

The Asia-Pacific sorbitol market declined to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Sorbitol Production in Asia-Pacific

In value terms, sorbitol production shrank slightly to $X in 2022 estimated in export price. In general, production continues to indicate a mild shrinkage. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Sorbitol Exports

Exports in Asia-Pacific

Sorbitol exports soared to X tons in 2022, picking up by X% on 2021 figures. Total exports indicated a buoyant expansion 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 pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

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

Exports by Country

In 2022, China (X tons) was the main exporter of d-glucitol (sorbitol), comprising 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 ($X) remains the largest sorbitol supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by India ($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

The export price in Asia-Pacific stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export price attained 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-Pacific

In 2022, purchases abroad of d-glucitol (sorbitol) decreased by X% to X tons for the first time since 2011, thus ending a ten-year rising trend. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2021, and then reduced in the following year.

In value terms, sorbitol imports shrank slightly to $X in 2022. Total imports indicated perceptible 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 most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then reduced modestly in the following year.

Imports by Country

In 2022, Japan (X tons), distantly followed by Thailand (X tons), South Korea (X tons), Taiwan (Chinese) (X tons), Malaysia (X tons) and Vietnam (X tons) were the major importers of d-glucitol (sorbitol), together making up X% of total imports. The following importers - Australia (X tons), India (X tons), Bangladesh (X tons), Nepal (X tons) and the Philippines (X tons) - together made up X% of total imports.

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

In value terms, Japan ($X), South Korea ($X) and Thailand ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

South Korea, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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-Pacific stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :