Europe: Sorbitol Market 2024

Sorbitol Market Size in Europe

In 2022, the Europe sorbitol market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, recorded a pronounced decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Sorbitol Production in Europe

In value terms, sorbitol production reduced to $X in 2022 estimated in export price. In general, production showed a deep slump. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Sorbitol Exports

Exports in Europe

In 2022, overseas shipments of d-glucitol (sorbitol) increased by X% to X tons, rising for the third year in a row after two years of decline. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, sorbitol exports soared to $X in 2022. Over the period under review, exports recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, France (X tons) represented the key exporter of d-glucitol (sorbitol), creating X% of total exports. Italy (X tons) ranks second in terms of the total exports with a X% share, followed by Germany (X%).

From 2012 to 2022, average annual rates of growth with regard to sorbitol exports from France stood at X%. At the same time, Italy (X%) and Germany (X%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of France and Italy increased by X and X percentage points, respectively.

In value terms, France ($X) remains the largest sorbitol supplier in Europe, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in France amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (X% per year) and Germany (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, rising by X% against the previous year. Export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sorbitol export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton; afterwards, it flattened through to 2022.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while Italy ($X per ton) was amongst the lowest.

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

Sorbitol Imports

Imports in Europe

In 2022, supplies from abroad of d-glucitol (sorbitol) increased by X% to X tons, rising for the second year in a row after three years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sorbitol imports rose markedly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Russia (X tons), distantly followed by Poland (X tons), Germany (X tons), the Netherlands (X tons) and the UK (X tons) represented the major importers of d-glucitol (sorbitol), together achieving X% of total imports. The following importers - Italy (X tons), Denmark (X tons), Spain (X tons) and Belgium (X tons) - each finished at a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sorbitol importing markets in Europe were Russia ($X), Poland ($X) and Germany ($X), together comprising X% of total imports. The UK, the Netherlands, Spain, Italy, Denmark and Belgium lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Italy, with a CAGR of X%, saw 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

In 2022, the import price in Europe amounted to $X per ton, shrinking by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, import price attained the peak level of $X per ton, and then declined in the following year.

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

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

Source: IndexBox Platform