South-Eastern Asia: Sorbitol Market 2024

Sorbitol Market Size in South-Eastern Asia

The Southeast Asian sorbitol market fell to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then fell in the following year.

Sorbitol Production in South-Eastern Asia

In value terms, sorbitol production fell to $X in 2022 estimated in export price. In general, production showed a slight curtailment. The growth pace was the most rapid in 2019 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Sorbitol Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of d-glucitol (sorbitol) increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, recorded a noticeable downturn. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, sorbitol exports expanded rapidly to $X in 2022. In general, exports, however, showed a slight shrinkage. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Indonesia (X tons) represented the key exporter of d-glucitol (sorbitol), creating X% of total exports. It was distantly followed by Thailand (X tons), constituting a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to sorbitol exports from Indonesia stood at X%. At the same time, Thailand (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Thailand increased by X percentage points.

In value terms, Indonesia ($X) remains the largest sorbitol supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports.

In Indonesia, sorbitol exports contracted by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, surging by 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.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Thailand totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%).

Sorbitol Imports

Imports in South-Eastern Asia

In 2022, overseas purchases of d-glucitol (sorbitol) decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Total imports indicated pronounced growth from 2012 to 2022: its volume 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 decreased by X% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then fell sharply in the following year.

In value terms, sorbitol imports contracted to $X in 2022. Total imports indicated a resilient 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. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2022, Thailand (X tons) represented the major importer of d-glucitol (sorbitol), committing X% of total imports. Malaysia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (X%) and the Philippines (X%). Indonesia (X tons), Singapore (X tons) and Myanmar (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to sorbitol imports into Thailand stood at X%. At the same time, Myanmar (X%), Malaysia (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Indonesia (X%), Singapore (X%) and the Philippines (X%) illustrated a downward trend over the same period. Thailand (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the total imports, while Vietnam, Indonesia, Singapore and the Philippines saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported d-glucitol (sorbitol) in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports. It was followed by Malaysia, with an X% share.

In Thailand, sorbitol imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2019 an increase of X%. The level of import peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :