Report Update Nov 1, 2024

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

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Cuba: Sorbitol Market 2024

Sorbitol Market Size in Cuba

In 2021, the Cuban sorbitol market decreased by -24.7% to $X, falling for the eighth year in a row after two years of growth. Overall, consumption showed a drastic downturn. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Sorbitol Production in Cuba

In value terms, sorbitol production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the production volume increased by 5.6% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then shrank modestly in the following year.

Sorbitol Exports

Exports from Cuba

In 2021, exports of sorbitol (excluding d-glucitol) from Cuba rose significantly to X tons, increasing by 5.8% on 2020. The total export volume increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when exports increased by 5.8%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, sorbitol exports expanded notably to $X in 2021. Overall, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 12%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

Exports by Country

Belarus (X tons) was the main destination for sorbitol exports from Cuba, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Belarus amounted to +3.1%.

In value terms, Belarus ($X) also remains the key foreign market for sorbitol (excluding d-glucitol) exports from Cuba.

From 2012 to 2021, the average annual growth rate of value to Belarus amounted to +9.2%.

Export Prices by Country

The average sorbitol export price stood at $X per ton in 2021, increasing by 6% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sorbitol export price increased by +67.5% against 2012 indices. The most prominent rate of growth was recorded in 2015 an increase of 6% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Belarus.

From 2012 to 2021, the rate of growth in terms of prices for Belarus amounted to +5.9% per year.

Sorbitol Imports

Imports into Cuba

In 2021, supplies from abroad of sorbitol (excluding d-glucitol) decreased by -14% to X tons, falling for the fourth year in a row after three years of growth. In general, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 47%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, sorbitol imports shrank to $X in 2021. Overall, imports faced a abrupt setback. The pace of growth was the most pronounced in 2017 when imports increased by 22% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main supplier of sorbitol to Cuba, accounting for a 96% share of total imports. Moreover, sorbitol imports from China exceeded the figures recorded by the second-largest supplier, the Dominican Republic (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -14.4%.

In value terms, China ($X) constituted the largest supplier of sorbitol (excluding d-glucitol) to Cuba, comprising 93% of total imports. The second position in the ranking was held by the Dominican Republic ($X), with a 4.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -15.5%.

Import Prices by Country

The average sorbitol import price stood at $X per ton in 2021, remaining constant against the previous year. Over the period under review, the import price recorded a pronounced descent. The pace of growth appeared the most rapid in 2013 when the average import price increased by 13%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was the Dominican Republic ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Dominican Republic (-0.2%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

France constituted the country with the largest volume of sorbitol consumption, comprising approx. 21% of total volume. Moreover, sorbitol consumption in France exceeded the figures recorded by the second-largest consumer, Poland, threefold. The third position in this ranking was occupied by China, 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, together comprising 86% of global production. These countries were followed by the United States and Turkey, which together accounted for a further 12%.

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

In value terms, China constituted the largest supplier of sorbitol to Cuba.

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

In value terms, Belarus remains the key foreign market for sorbitol exports from Cuba.

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

In 2021, the average sorbitol export price amounted to $837 per ton, dropping by -17.9% against the previous year.

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

In 2021, the average sorbitol import price amounted to $2,498 per ton, declining by -6.7% against the previous year.

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

Cuba

Data coverage:

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