Italy: Sorbitol Market 2024

Sorbitol Market Size in Italy

The Italian sorbitol market soared to $X in 2021, rising by 25% 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). In general, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +38.2% against 2019 indices. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Sorbitol Exports

Exports from Italy

In 2021, shipments abroad of sorbitol (excluding d-glucitol) decreased by -0.1% to X tons, falling for the third consecutive year after two years of growth. In general, exports, however, recorded moderate growth. The most prominent rate of growth was recorded in 2017 when exports increased by 133%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, sorbitol exports surged to $X in 2021. Over the period under review, exports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2017 with an increase of 136%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons), Bulgaria (X tons) and Switzerland (X tons) were the main destinations of sorbitol exports from Italy, together comprising 75% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of +145.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sorbitol exported from Italy were Spain ($X), Bulgaria ($X) and Switzerland ($X), with a combined 65% share of total exports.

In terms of the main countries of destination, Bulgaria, with a CAGR of +108.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sorbitol export price stood at $X per ton in 2021, with an increase of 28% against the previous year. In general, export price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sorbitol export price increased by +91.0% against 2015 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Sorbitol Imports

Imports into Italy

In 2021, supplies from abroad of sorbitol (excluding d-glucitol) increased by 12% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, total imports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 25%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, sorbitol imports skyrocketed to $X in 2021. In general, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 44%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, France (X tons) was the main supplier of sorbitol to Italy, with a 94% share of total imports. Moreover, sorbitol imports from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from France amounted to +4.2%.

In value terms, France ($X) constituted the largest supplier of sorbitol (excluding d-glucitol) to Italy, comprising 91% of total imports. The second position in the ranking was held by Germany ($X), with a 6.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from France totaled +5.8%.

Import Prices by Country

In 2021, the average sorbitol import price amounted to $X per ton, with an increase of 7.4% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2018 an increase of 15% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for France totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.6%).

Source: IndexBox Platform

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