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Report Eastern Asia - Sorbitol (Excluding D-Glucitol) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

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

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Eastern Asia: Sorbitol Market 2024

Sorbitol Market Size in Eastern Asia

In 2021, the East Asian sorbitol market was finally on the rise to reach $X for the first time since 2015, thus ending a five-year declining trend. In general, consumption recorded modest growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Sorbitol Production in Eastern Asia

In value terms, sorbitol production totaled $X in 2021 estimated in export price. In general, production continues to indicate a slight descent. The most prominent rate of growth was recorded in 2018 when the production volume increased by 16%. The level of production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Sorbitol Exports

Exports in Eastern Asia

In 2021, shipments abroad of sorbitol (excluding d-glucitol) decreased by -55.6% to X tons for the first time since 2015, thus ending a five-year rising trend. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 59% against the previous year. The volume of export peaked at X tons in 2020, and then shrank significantly in the following year.

In value terms, sorbitol exports declined notably to $X in 2021. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 51% against the previous year. The level of export peaked at $X in 2020, and then shrank markedly in the following year.

Exports by Country

China (X tons) represented roughly 99% of total exports in 2021.

China experienced a relatively flat trend pattern with regard to volume of exports of sorbitol (excluding d-glucitol). While the share of China (+2.1 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 2021, the average annual growth rate of value in China was relatively modest.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, increasing by 21% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -0.3% per year.

Sorbitol Imports

Imports in Eastern Asia

In 2021, purchases abroad of sorbitol (excluding d-glucitol) increased by 34% to X tons, rising for the third consecutive year after two years of decline. In general, imports enjoyed a buoyant increase. The growth pace was the most rapid in 2013 with an increase of 99%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, sorbitol imports skyrocketed to $X in 2021. Over the period under review, imports showed a prominent expansion. The growth pace was the most rapid in 2013 when imports increased by 71%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

South Korea represented the key importer of sorbitol (excluding d-glucitol) in Eastern Asia, with the volume of imports finishing at X tons, which was approx. 62% of total imports in 2021. Taiwan (Chinese) (X tons) took a 25% share (based on physical terms) of total imports, which put it in second place, followed by Japan (12%).

Imports into South Korea increased at an average annual rate of +14.6% from 2012 to 2021. At the same time, Taiwan (Chinese) (+63.3%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +63.3% from 2012-2021. Japan experienced a relatively flat trend pattern. Taiwan (Chinese) (+24 p.p.) and South Korea (+6 p.p.) significantly strengthened its position in terms of the total imports, while Japan saw its share reduced by -26.1% from 2012 to 2021, respectively.

In value terms, South Korea ($X) constitutes the largest market for imported sorbitol (excluding d-glucitol) in Eastern Asia, comprising 62% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 22% share of total imports.

In South Korea, sorbitol imports expanded at an average annual rate of +16.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+60.7% per year) and Japan (-3.4% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, approximately equating the previous year. Overall, the import price showed a mild contraction. The most prominent rate of growth was recorded in 2018 when the import price increased by 12%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, the country with the highest price was Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+1.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

China constituted the country with the largest volume of sorbitol consumption, comprising approx. 67% of total volume. Moreover, sorbitol consumption in China exceeded the figures recorded by the second-largest consumer, South Korea, fourfold. Taiwan Chinese) ranked third in terms of total consumption with an 8.4% share.
The country with the largest volume of sorbitol production was China, accounting for 100% of total volume.
In value terms, China remains the largest sorbitol supplier in Eastern Asia.
In value terms, South Korea constitutes the largest market for imported sorbitol excluding d-glucitol) in Eastern Asia, comprising 59% of total imports. The second position in the ranking was occupied by Taiwan Chinese), with a 20% share of total imports.
The export price in Eastern Asia stood at $386 per ton in 2021, with a decrease of -17.4% against the previous year.
The import price in Eastern Asia stood at $653 per ton in 2021, falling by -4.4% against the previous year.

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

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Eastern Asia, split by region and country
  • Trade (exports and imports) in Eastern Asia
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • China
    • Hong Kong SAR
    • Macao SAR
    • Japan
    • South Korea
    • Taiwan (Chinese)
    • Democratic People's Republic of Korea

  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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