Spain: Sorbitol Market 2024

Sorbitol Market Size in Spain

The Spanish sorbitol market fell modestly to $X in 2022, shrinking by X% against the previous year. Overall, consumption, however, continues to indicate a abrupt decrease. Sorbitol consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sorbitol Production in Spain

In value terms, sorbitol production shrank to $X in 2022 estimated in export price. Overall, production saw a deep downturn. The pace of growth appeared the most rapid in 2016 with an increase of X%. Sorbitol production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Sorbitol Exports

Exports from Spain

In 2022, shipments abroad of d-glucitol (sorbitol) increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, sorbitol exports surged to $X in 2022. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Cuba (X tons) was the main destination for sorbitol exports from Spain, with a X% share of total exports. Moreover, sorbitol exports to Cuba exceeded the volume sent to the second major destination, Portugal (X tons), fourfold. The Netherlands (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Cuba amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and the Netherlands (X% per year).

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

From 2012 to 2022, the average annual growth rate of value to Cuba totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average sorbitol export price stood at $X per ton in 2022, waning by X% against the previous year. Overall, export price indicated a pronounced 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 export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Algeria ($X per ton) was amongst the lowest.

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

Sorbitol Imports

Imports into Spain

In 2022, supplies from abroad of d-glucitol (sorbitol) was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, sorbitol imports soared to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

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

From 2012 to 2022, the average annual growth rate of volume from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Germany (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from France 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, picking up by X% against the previous year. Overall, import price indicated noticeable growth 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 2020 indices. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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