Denmark: Sorbitol Market 2024

Sorbitol Market Size in Denmark

The Danish sorbitol market soared to $X in 2021, picking up by 169% 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). Overall, consumption showed buoyant growth. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Sorbitol Exports

Exports from Denmark

Sorbitol exports from Denmark surged to X tons in 2021, increasing by 71% against 2020. Overall, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 184%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, sorbitol exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2014 with an increase of 704% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Sweden (X tons), Norway (X tons) and Finland (X tons) were the main destinations of sorbitol exports from Denmark, with a combined 88% share of total exports. Lithuania, Germany and France lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +743.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sorbitol exported from Denmark were Sweden ($X), Norway ($X) and Finland ($X), together comprising 87% of total exports. Lithuania, Germany and France lagged somewhat behind, together accounting for a further 5.1%.

Germany, with a CAGR of +405.9%, saw the highest rates of growth with regard to the value of exports, among 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, jumping by 33% against the previous year. Over the period under review, the export price continues to indicate a measured expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 217%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Finland ($X per ton), while the average price for exports to Lithuania ($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 Sweden (+8.2%), while the prices for the other major destinations experienced mixed trend patterns.

Sorbitol Imports

Imports into Denmark

In 2021, sorbitol imports into Denmark skyrocketed to X tons, with an increase of 166% on the previous year's figure. Overall, imports continue to indicate strong growth. The growth pace was the most rapid in 2019 when imports increased by 222% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, sorbitol imports soared to $X in 2021. In general, imports enjoyed strong growth. The pace of growth appeared the most rapid in 2019 when imports increased by 210% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, France (X tons) constituted the largest sorbitol supplier to Denmark, accounting for a 88% share of total imports. Moreover, sorbitol imports from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The UK (X tons) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2021, the average annual growth rate of volume from France totaled +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.8% per year) and the UK (+140.5% per year).

In value terms, France ($X) constituted the largest supplier of sorbitol (excluding d-glucitol) to Denmark, comprising 82% of total imports. The second position in the ranking was taken by the UK ($X), with an 8.6% share of total imports. It was followed by Germany, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value from France amounted to +15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+163.2% per year) and Germany (-2.8% per year).

Import Prices by Country

In 2021, the average sorbitol import price amounted to $X per ton, dropping by -15.7% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 45%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Czech Republic ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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