Portugal: Sorbitol Market 2024

Sorbitol Market Size in Portugal

The Portuguese sorbitol market soared to $X in 2022, jumping by X% 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). Over the period under review, the total consumption indicated a notable increase 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, consumption increased by X% against 2019 indices. Sorbitol consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Sorbitol Exports

Exports from Portugal

In 2022, after two years of growth, there was significant decline in overseas shipments of d-glucitol (sorbitol), when their volume decreased by X% to X tons. Overall, exports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then contracted markedly in the following year.

In value terms, sorbitol exports plummeted to $X in 2022. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for sorbitol exports from Portugal, with a X% share of total exports. It was followed by Angola (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at X%.

In value terms, Germany ($X) emerged as the key foreign market for d-glucitol (sorbitol) exports from Portugal, comprising X% of total exports. The second position in the ranking was taken by Angola ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at X%.

Export Prices by Country

In 2022, the average sorbitol export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price showed a tangible increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Germany stood at $X per ton.

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

Sorbitol Imports

Imports into Portugal

Sorbitol imports into Portugal stood at X tons in 2022, with an increase of X% against the previous year's figure. Overall, imports, however, showed a slight curtailment. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, sorbitol imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a moderate increase 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 2019 indices. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest sorbitol supplier to Portugal, accounting for a X% share of total imports. Moreover, sorbitol imports from Spain exceeded the figures recorded by the second-largest supplier, Belgium (X tons), more than tenfold. India (X tons) ranked third in terms of total imports with a X% share.

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

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

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

Import Prices by Country

The average sorbitol import price stood at $X per ton in 2022, rising by X% against the previous year. Overall, import price indicated a tangible 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. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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 Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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