Europe: Sorbitol Market 2024

Sorbitol Market Size in Europe

After two years of decline, the Europe sorbitol market increased by 20% to $X in 2021. The market value increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the immediate term.

Sorbitol Production in Europe

In value terms, sorbitol production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 29% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Sorbitol Exports

Exports in Europe

In 2021, the amount of sorbitol (excluding d-glucitol) exported in Europe soared to X tons, jumping by 501% on 2020. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sorbitol exports soared to $X in 2021. Over the period under review, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France prevails in exports structure, resulting at X tons, which was approx. 84% of total exports in 2021. It was distantly followed by Germany (X tons), creating a 7.2% share of total exports. The Netherlands (X tons) and Italy (X tons) followed a long way behind the leaders.

France was also the fastest-growing in terms of the sorbitol (excluding d-glucitol) exports, with a CAGR of +171.3% from 2012 to 2021. At the same time, the Netherlands (+38.4%) and Italy (+2.5%) displayed positive paces of growth. By contrast, Germany (-7.1%) illustrated a downward trend over the same period. While the share of France (+84 p.p.) and the Netherlands (+2.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Italy (-8.3 p.p.) and Germany (-69.1 p.p.) displayed negative dynamics.

In value terms, France ($X) emerged as the largest sorbitol supplier in Europe, comprising 77% of total exports. The second position in the ranking was held by Germany ($X), with a 9% share of total exports. It was followed by the Netherlands, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value in France amounted to +120.8%. In the other countries, the average annual rates were as follows: Germany (-4.3% per year) and the Netherlands (+40.2% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2021, dropping by -24.4% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the export price increased by 48%. Over the period under review, the export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.0%), while the other leaders experienced more modest paces of growth.

Sorbitol Imports

Imports in Europe

In 2021, purchases abroad of sorbitol (excluding d-glucitol) increased by 11% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 21% against the previous year. The volume of import peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, sorbitol imports soared to $X in 2021. Total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons), Germany (X tons), Spain (X tons), Italy (X tons), Slovakia (X tons), Russia (X tons), the UK (X tons), the Netherlands (X tons) and Belgium (X tons) represented roughly 82% of total imports in 2021.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Slovakia (with a CAGR of +61.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Poland ($X) and the Netherlands ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 45% of total imports. Germany, Italy, Slovakia, the UK, Russia and Belgium lagged somewhat behind, together comprising a further 39%.

Slovakia, with a CAGR of +53.4%, saw 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 2021, the import price in Europe amounted to $X per ton, growing by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2018 an increase of 21%. Over the period under review, import prices attained the maximum in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per ton), while Italy ($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 Netherlands (+8.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform