Finland: Sorbitol Market 2024

Sorbitol Market Size in Finland

The Finnish sorbitol market soared to $X in 2021, rising by 20% 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). Overall, consumption, however, recorded a pronounced downturn. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Sorbitol Exports

Exports from Finland

In 2019, overseas shipments of sorbitol (excluding d-glucitol) increased by 684% to X tons, rising for the fourth consecutive year after three years of decline. Over the period under review, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sorbitol exports skyrocketed to $X in 2019. In general, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Austria (X tons) was the main destination for sorbitol exports from Finland, accounting for a 94% share of total exports. Moreover, sorbitol exports to Austria exceeded the volume sent to the second major destination, Egypt (X tons), more than tenfold. The third position in this ranking was taken by Denmark (X tons), with a 0.8% share.

From 2012 to 2019, the average annual rate of growth in terms of volume to Austria amounted to +48.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (-3.8% per year) and Denmark (-24.5% per year).

In value terms, Austria ($X) remains the key foreign market for sorbitol (excluding d-glucitol) exports from Finland, comprising 85% of total exports. The second position in the ranking was taken by Egypt ($X), with a 3.2% share of total exports. It was followed by the Netherlands, with a 2.7% share.

From 2012 to 2019, the average annual growth rate of value to Austria amounted to +51.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (-17.6% per year) and the Netherlands (-6.6% per year).

Export Prices by Country

The average sorbitol export price stood at $X per ton in 2019, declining by -62.4% against the previous year. Overall, the export price saw a deep contraction. The pace of growth appeared the most rapid in 2015 an increase of 124%. The export price peaked at $X per ton in 2016; however, from 2017 to 2019, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Sorbitol Imports

Imports into Finland

In 2021, supplies from abroad of sorbitol (excluding d-glucitol) increased by 27% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 51% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, sorbitol imports surged to $X in 2021. In general, imports, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 41% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, France (X tons) constituted the largest sorbitol supplier to Finland, with a 83% share of total imports. Moreover, sorbitol imports from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), tenfold. The third position in this ranking was taken by the Czech Republic (X tons), with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.5% per year) and the Czech Republic (0.0% per year).

In value terms, France ($X) constituted the largest supplier of sorbitol (excluding d-glucitol) to Finland, comprising 77% of total imports. The second position in the ranking was held by Germany ($X), with an 8.6% share of total imports. It was followed by the Czech Republic, with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France stood at -4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-10.5% per year) and the Czech Republic (0.0% per year).

Import Prices by Country

The average sorbitol import price stood at $X per ton in 2021, which is down by -7.6% against the previous year. Over the period under review, the import price recorded a noticeable descent. The most prominent rate of growth was recorded in 2019 an increase of 18%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Sweden ($X per ton), while the price for France ($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 (-3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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