Eastern Asia: Sorbitol Market 2024

Sorbitol Market Size in Eastern Asia

The East Asian sorbitol market shrank to $X in 2022, which is down by X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Sorbitol Production in Eastern Asia

In value terms, sorbitol production contracted modestly to $X in 2022 estimated in export price. Overall, production recorded a slight slump. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Sorbitol Exports

Exports in Eastern Asia

For the seventh consecutive year, Eastern Asia recorded growth in shipments abroad of d-glucitol (sorbitol), which increased by X% to X tons in 2022. Overall, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The volume of export peaked in 2022 and is likely to continue growth in the near future.

In value terms, sorbitol exports surged to $X in 2022. Over the period under review, exports saw prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

The shipments of the one major exporters of d-glucitol (sorbitol), namely China, represented more than two-thirds of total export.

China was also the fastest-growing in terms of the d-glucitol (sorbitol) exports, with a CAGR of X% from 2012 to 2022. While the share of China (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest sorbitol supplier in Eastern Asia.

From 2012 to 2022, the average annual growth rate of value in China totaled X%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Sorbitol Imports

Imports in Eastern Asia

In 2022, after five years of growth, there was significant decline in supplies from abroad of d-glucitol (sorbitol), when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2021, and then fell in the following year.

In value terms, sorbitol imports declined slightly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2021, and then shrank in the following year.

Imports by Country

Japan was the key importing country with an import of around X tons, which resulted at X% of total imports. It was distantly followed by South Korea (X tons) and Taiwan (Chinese) (X tons), together committing a X% share of total imports. China (X tons) took a minor share of total imports.

Japan experienced a relatively flat trend pattern with regard to volume of imports of d-glucitol (sorbitol). At the same time, South Korea (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, China (X%) illustrated a downward trend over the same period. South Korea (X p.p.) significantly strengthened its position in terms of the total imports, while China, Taiwan (Chinese) and Japan saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, the largest sorbitol importing markets in Eastern Asia were Japan ($X), South Korea ($X) and Taiwan (Chinese) ($X), with a combined X% share of total imports.

South Korea, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :