Report Update Nov 1, 2024

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

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Dominican Republic: Sorbitol Market 2024

Sorbitol Market Size in the Dominican Republic

The Dominican sorbitol market surged to $X in 2021, jumping by 290% 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 recorded resilient growth. Sorbitol consumption peaked in 2021 and is expected to retain growth in the near future.

Sorbitol Exports

Exports from the Dominican Republic

Sorbitol exports from the Dominican Republic surged to X tons in 2019, rising by 76% compared with 2018. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 825%. The exports peaked in 2019 and are likely to see steady growth in the immediate term.

In value terms, sorbitol exports soared to $X in 2019. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2018 when exports increased by 1,532% against the previous year. The exports peaked in 2019 and are likely to see gradual growth in years to come.

Exports by Country

Guatemala (X kg) and Jamaica (X kg) were the main destinations of sorbitol exports from the Dominican Republic.

From 2016 to 2019, the biggest increases were recorded for Guatemala (with a CAGR of 0.0%).

In value terms, Guatemala ($X) emerged as the key foreign market for sorbitol (excluding d-glucitol) exports from the Dominican Republic, comprising 99% of total exports. The second position in the ranking was taken by Jamaica ($X), with a 1% share of total exports.

From 2016 to 2019, the average annual growth rate of value to Guatemala was relatively modest.

Export Prices by Country

The average sorbitol export price stood at $X per ton in 2019, surging by 10% against the previous year. Over the period under review, the export price recorded significant growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 271% against the previous year. Over the period under review, the average export prices attained the peak figure in 2019 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Guatemala ($X per ton), while the average price for exports to Jamaica stood at $X per ton.

From 2016 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+122.3%).

Sorbitol Imports

Imports into the Dominican Republic

In 2021, the amount of sorbitol (excluding d-glucitol) imported into the Dominican Republic soared to X tons, jumping by 237% against 2020. In general, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 772%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, sorbitol imports surged to $X in 2021. Overall, imports recorded a strong increase. The most prominent rate of growth was recorded in 2016 when imports increased by 784% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Indonesia (X tons), India (X tons) and Belgium (X tons) were the main suppliers of sorbitol imports to the Dominican Republic, together comprising 41% of total imports. These countries were followed by Turkey, the Netherlands, Germany, the United States, China and France, which together accounted for a further 31%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +288.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Indonesia ($X) and India ($X) appeared to be the largest sorbitol suppliers to the Dominican Republic, together accounting for 46% of total imports. Turkey, the Netherlands, the United States, Germany, China and France lagged somewhat behind, together accounting for a further 30%.

Among the main suppliers, Turkey, with a CAGR of +292.2%, 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

The average sorbitol import price stood at $X per ton in 2021, with an increase of 23% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 28%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+3.9%), 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?

The country with the largest volume of sorbitol consumption was France, 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, together comprising 86% 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 the Dominican Republic?

In value terms, Belgium constituted the largest supplier of sorbitol to the Dominican Republic, comprising 31% of total imports. The second position in the ranking was occupied by China, with a 14% share of total imports. It was followed by Turkey, with a 13% share.

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

The average sorbitol export price stood at $845 per ton in 2016, flattening at the previous year.

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

The average sorbitol import price stood at $463 per ton in 2021, which is down by -31.4% against the previous year.

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

Dominican Republic

Data coverage:

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