Brazil: Sorbitol Market 2024

Sorbitol Market Size in Brazil

The Brazilian sorbitol market reduced modestly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, showed a noticeable reduction. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Sorbitol Production in Brazil

In value terms, sorbitol production fell to $X in 2022 estimated in export price. Overall, production showed a noticeable contraction. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Sorbitol production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Sorbitol Exports

Exports from Brazil

In 2022, overseas shipments of d-glucitol (sorbitol) increased by X% to X tons, rising for the fifth year in a row after two years of decline. Overall, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, sorbitol exports skyrocketed to $X in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Argentina (X tons), Mexico (X tons) and Costa Rica (X tons) were the main destinations of sorbitol exports from Brazil, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of X.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Mexico ($X) and Costa Rica ($X) appeared to be the largest markets for sorbitol exported from Brazil worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Mexico, with a CAGR of X.3%, recorded the highest rates of growth with regard to 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

In 2022, the average sorbitol export price amounted to $X per ton, waning by X% against the previous year. Over the period under review, export price indicated a moderate 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 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while the average price for exports to Mexico ($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 Costa Rica (X%), while the prices for the other major destinations experienced mixed trend patterns.

Sorbitol Imports

Imports into Brazil

In 2022, supplies from abroad of d-glucitol (sorbitol) increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports continue to indicate a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sorbitol imports surged to $X in 2022. In general, imports posted a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

France (X tons), India (X tons) and China (X tons) were the main suppliers of sorbitol imports to Brazil, together accounting for X% of total imports. The United States, Indonesia, Mexico, Turkey and Germany lagged somewhat behind, together comprising a further X%.

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

In value terms, France ($X), India ($X) and China ($X) appeared to be the largest sorbitol suppliers to Brazil, with a combined X% share of total imports. Mexico, the United States, Indonesia, Germany and Turkey lagged somewhat behind, together accounting for a further X%.

Turkey, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sorbitol import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. 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 supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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