Report Update Nov 1, 2024

Bulgaria - Sorbitol (Excluding D-Glucitol) - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Sorbitol Market 2024

Sorbitol Market Size in Bulgaria

The Bulgarian sorbitol market skyrocketed to $X in 2021, surging by 16% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed resilient growth. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Sorbitol Exports

Exports from Bulgaria

In 2021, approx. X tons of sorbitol (excluding d-glucitol) were exported from Bulgaria; which is down by -34.7% against 2020. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 96%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, sorbitol exports contracted remarkably to $X in 2021. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 95% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X tons), North Macedonia (X tons) and Poland (X tons) were the main destinations of sorbitol exports from Bulgaria, together comprising 97% of total exports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +108.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sorbitol exported from Bulgaria were Romania ($X), North Macedonia ($X) and Poland ($X), with a combined 97% share of total exports.

Romania, with a CAGR of +78.6%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average sorbitol export price amounted to $X per ton, rising by 28% against the previous year. Over the period under review, the export price, however, saw a slight reduction. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2021, the country with the highest price was Poland ($X per ton), while the average price for exports to North Macedonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+0.7%), while the prices for the other major destinations experienced a decline.

Sorbitol Imports

Imports into Bulgaria

In 2021, sorbitol imports into Bulgaria reached X tons, rising by 7.2% against the previous year. In general, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 112% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, sorbitol imports skyrocketed to $X in 2021. Over the period under review, imports posted strong growth. The most prominent rate of growth was recorded in 2015 when imports increased by 66%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

France (X tons), Belgium (X tons) and Italy (X tons) were the main suppliers of sorbitol imports to Bulgaria, together accounting for 91% of total imports. The Czech Republic, South Korea and Germany lagged somewhat behind, together accounting for a further 7.3%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +99.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Belgium ($X) and Italy ($X) were the largest sorbitol suppliers to Bulgaria, with a combined 91% share of total imports. These countries were followed by the Czech Republic, South Korea and Germany, which together accounted for a further 7.3%.

Among the main suppliers, the Czech Republic, with a CAGR of +98.9%, recorded the highest rates of growth with regard to 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

In 2021, the average sorbitol import price amounted to $X per ton, with an increase of 7.4% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 17%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Italy ($X per ton) and the Czech Republic ($X per ton), while the price for South Korea ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sorbitol (excluding d-glucitol) in the world?

France remains the largest sorbitol consuming country worldwide, comprising approx. 21% of total volume. Moreover, sorbitol consumption in France exceeded the figures recorded by the second-largest consumer, Poland, threefold. China ranked third in terms of total consumption with a 6.2% share.

What are the largest producers of sorbitol (excluding d-glucitol) in the world?

The countries with the highest volumes of in 2021 were France, China and Indonesia, with a combined 86% share of global production. The United States and Turkey lagged somewhat behind, together comprising a further 12%.

What are the leading suppliers of sorbitol (excluding d-glucitol) to Bulgaria?

In value terms, the largest sorbitol suppliers to Bulgaria were France, Belgium and Italy, together accounting for 91% of total imports. The Czech Republic and South Korea lagged somewhat behind, together accounting for a further 6.7%.

What are the leading importers of sorbitol (excluding d-glucitol) from Bulgaria?

In value terms, Romania, North Macedonia and Poland were the largest markets for sorbitol exported from Bulgaria worldwide, together accounting for 97% of total exports.

What is the average export price for sorbitol (excluding d-glucitol) in Bulgaria?

The average sorbitol export price stood at $923 per ton in 2021, jumping by 29% against the previous year.

What is the average import price for sorbitol (excluding d-glucitol) in Bulgaria?

In 2021, the average sorbitol import price amounted to $815 per ton, rising by 7.4% against the previous year.

This report provides an in-depth analysis of the sorbitol market in Bulgaria. 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:

Bulgaria

Data coverage:

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