Greece: Sorbitol Market 2024

Sorbitol Market Size in Greece

In 2022, the Greek sorbitol market increased by X% to $X, rising for the fifth consecutive year after two years of decline. Over the period under review, consumption saw prominent growth. Sorbitol consumption peaked in 2022 and is likely to see gradual growth in the near future.

Sorbitol Exports

Exports from Greece

Sorbitol exports from Greece skyrocketed to X tons in 2022, jumping by X% against the year before. In general, exports, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, sorbitol exports surged to $X in 2022. Overall, exports showed a measured increase. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Cyprus (X tons) was the main destination for sorbitol exports from Greece, with a X% share of total exports. Moreover, sorbitol exports to Cyprus exceeded the volume sent to the second major destination, Romania (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cyprus was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and Bulgaria (X% per year).

In value terms, Cyprus ($X) remains the key foreign market for d-glucitol (sorbitol) exports from Greece, comprising X% of total exports. The second position in the ranking was held by Romania ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Cyprus stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and Bulgaria (X% per year).

Export Prices by Country

The average sorbitol export price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price showed a strong increase. The pace of growth was the most pronounced in 2014 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Albania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sorbitol Imports

Imports into Greece

In 2022, overseas purchases of d-glucitol (sorbitol) increased by X% to X tons, rising for the fourth year in a row after three years of decline. In general, total imports indicated a strong expansion from 2012 to 2022: its volume 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, imports increased by X% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sorbitol imports soared to $X in 2022. Over the period under review, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of sorbitol to Greece, accounting for a X% share of total imports. Moreover, sorbitol imports from Germany exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), fourfold. The third position in this ranking was taken by Belgium (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Belgium (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

The average sorbitol import price stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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