Indonesia: Sorbitol Market 2024

Sorbitol Market Size in Indonesia

The Indonesian sorbitol market declined to $X in 2022, approximately equating the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Sorbitol Production in Indonesia

In value terms, sorbitol production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production showed a mild curtailment. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Sorbitol production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Sorbitol Exports

Exports from Indonesia

In 2022, approx. X tons of d-glucitol (sorbitol) were exported from Indonesia; reducing by X% on 2021 figures. In general, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, sorbitol exports rose markedly to $X in 2022. Overall, exports continue to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2019 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons) was the main destination for sorbitol exports from Indonesia, with a X% share of total exports. Moreover, sorbitol exports to Japan exceeded the volume sent to the second major destination, India (X tons), fivefold. The third position in this ranking was held by Malaysia (X tons), with a X% share.

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

In value terms, Japan ($X) remains the key foreign market for d-glucitol (sorbitol) exports from Indonesia, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports. It was followed by Malaysia, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Japan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the average sorbitol export price amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to the Philippines ($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 Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sorbitol Imports

Imports into Indonesia

In 2022, sorbitol imports into Indonesia declined sharply to X tons, waning by X% against 2021. Over the period under review, imports showed a slight curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, sorbitol imports shrank slightly to $X in 2022. In general, imports, however, continue to indicate a temperate expansion. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest sorbitol supplier to Indonesia, with a X% share of total imports. Moreover, sorbitol imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. India (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and India (X% per year).

In value terms, the largest sorbitol suppliers to Indonesia were China ($X), France ($X) and Germany ($X), together comprising X% of total imports.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average sorbitol import price amounted to $X per ton, with an increase of X% against the previous year. In general, import price indicated a moderate increase 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 import price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

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