Belgium: Sorbitol Market 2024

Sorbitol Market Size in Belgium

In 2022, the Belgian sorbitol market decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2021, and then reduced modestly in the following year.

Sorbitol Production in Belgium

In value terms, sorbitol production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Sorbitol Exports

Exports from Belgium

In 2022, sorbitol exports from Belgium declined to X tons, reducing by X% against the year before. Overall, exports showed a perceptible decrease. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, sorbitol exports expanded slightly to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons), Brazil (X tons) and France (X tons) were the main destinations of sorbitol exports from Belgium, with a combined X% share of total exports. Turkey, Ireland, Austria, Slovakia, Tunisia, South Africa, Italy, Spain, Egypt and Portugal lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for sorbitol exported from Belgium were the Netherlands ($X), Brazil ($X) and Ireland ($X), together comprising X% of total exports.

In terms of the main countries of destination, Ireland, with a CAGR of X%, 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.

Export Prices by Country

The average sorbitol export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, export price indicated a tangible 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, sorbitol export price increased by X% against 2016 indices. As a result, the export 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 suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to the Netherlands ($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 Portugal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sorbitol Imports

Imports into Belgium

In 2022, imports of d-glucitol (sorbitol) into Belgium declined to X tons, with a decrease of X% compared with the year before. Overall, imports continue to indicate a noticeable decrease. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, sorbitol imports fell to $X in 2022. In general, imports continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of sorbitol to Belgium, with a X% share of total imports. Moreover, sorbitol imports from France exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), ninefold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Germany (X% per year).

In value terms, France ($X) constituted the largest supplier of d-glucitol (sorbitol) to Belgium, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value from France totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average sorbitol import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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