New Zealand: Sorbitol Market 2025

Sorbitol Market Size in New Zealand

The New Zealand sorbitol market contracted notably to $X in 2021, falling by -23.3% 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, consumption, however, continues to indicate significant growth. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Sorbitol Exports

Exports from New Zealand

In 2021, overseas shipments of sorbitol (excluding d-glucitol) increased by 125% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 168%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, sorbitol exports surged to $X in 2021. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 103%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

The Netherlands (X tons) was the main destination for sorbitol exports from New Zealand, accounting for a 88% share of total exports. Moreover, sorbitol exports to the Netherlands exceeded the volume sent to the second major destination, Fiji (X kg), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands was relatively modest.

In value terms, the Netherlands ($X) emerged as the key foreign market for sorbitol (excluding d-glucitol) exports from New Zealand, comprising 83% of total exports. The second position in the ranking was taken by Fiji ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands was relatively modest.

Export Prices by Country

The average sorbitol export price stood at $X per ton in 2021, dropping by -33.1% against the previous year. Overall, the export price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 58%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, the country with the highest price was Fiji ($X per ton), while the average price for exports to the Netherlands stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (-1.2%).

Sorbitol Imports

Imports into New Zealand

In 2021, approx. X tons of sorbitol (excluding d-glucitol) were imported into New Zealand; with a decrease of -30.7% on the year before. Overall, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 1,683% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, sorbitol imports dropped dramatically to $X in 2021. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 1,643% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest sorbitol supplier to New Zealand, accounting for a 55% share of total imports. Moreover, sorbitol imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), threefold. Thailand (X tons) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +43.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+8.9% per year) and Thailand (-2.1% per year).

In value terms, China ($X) constituted the largest supplier of sorbitol (excluding d-glucitol) to New Zealand, comprising 55% of total imports. The second position in the ranking was held by Indonesia ($X), with a 20% share of total imports. It was followed by Thailand, with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +46.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+11.8% per year) and Thailand (+2.8% per year).

Import Prices by Country

The average sorbitol import price stood at $X per ton in 2021, picking up by 11% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 68% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Thailand ($X per ton) and Indonesia ($X per ton), while the price for China ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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