Latin America and the Caribbean: Sorbitol Market 2024

Sorbitol Market Size in Latin America and the Caribbean

In 2022, the Latin American sorbitol market increased by X% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, saw a mild shrinkage. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Sorbitol Production in Latin America and the Caribbean

In value terms, sorbitol production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production saw a mild setback. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Sorbitol Exports

Exports in Latin America and the Caribbean

In 2022, exports of d-glucitol (sorbitol) in Latin America and the Caribbean skyrocketed to X tons, with an increase of X% compared with 2021. In general, exports enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sorbitol exports skyrocketed to $X in 2022. Over the period under review, exports showed a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Brazil represented the major exporter of d-glucitol (sorbitol) in Latin America and the Caribbean, with the volume of exports reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Guatemala (X tons), comprising a X% share of total exports. The following exporters - Colombia (X tons), Cuba (X tons), El Salvador (X tons) and Honduras (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to sorbitol exports from Brazil stood at X%. At the same time, Guatemala (X%), Honduras (X%), El Salvador (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Cuba (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.), Guatemala (X p.p.), Colombia (X p.p.) and El Salvador (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Cuba (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X), Guatemala ($X) and Colombia ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Guatemala, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price posted noticeable growth. The growth pace was the most rapid in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while Cuba ($X per ton) was amongst the lowest.

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

Sorbitol Imports

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of d-glucitol (sorbitol) increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, sorbitol imports skyrocketed to $X in 2022. Total imports indicated a temperate expansion from 2012 to 2022: its value 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 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil (X tons) and Mexico (X tons) represented the main importers of d-glucitol (sorbitol) in 2022, amounting to approx. X% and X% of total imports, respectively. Colombia (X tons) held the next position in the ranking, followed by Argentina (X tons), Peru (X tons) and Guatemala (X tons). All these countries together held approx. X% share of total imports. The following importers - Chile (X tons) and the Dominican Republic (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Dominican Republic (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Mexico ($X) and Colombia ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Argentina, Peru, Guatemala, Chile and the Dominican Republic lagged somewhat behind, together comprising a further X%.

Among the main importing countries, the Dominican Republic, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per ton), while Peru ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :