Sweden: Sorbitol Market 2024

Sorbitol Market Size in Sweden

In 2021, the Swedish sorbitol market increased by 5.1% to $X, rising for the fourth year in a row after two years of decline. In general, the total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +52.4% against 2017 indices. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Sorbitol Exports

Exports from Sweden

In 2021, after two years of growth, there was significant decline in shipments abroad of sorbitol (excluding d-glucitol), when their volume decreased by -26% to X tons. Over the period under review, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of 54%. Over the period under review, the exports attained the peak figure at X tons in 2020, and then contracted significantly in the following year.

In value terms, sorbitol exports declined dramatically to $X in 2021. Overall, total exports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +13.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 64%. As a result, the exports reached the peak of $X, and then reduced rapidly in the following year.

Exports by Country

France (X tons), the Netherlands (X tons) and Poland (X tons) were the main destinations of sorbitol exports from Sweden, with a combined 69% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +30.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), France ($X) and Poland ($X) appeared to be the largest markets for sorbitol exported from Sweden worldwide, with a combined 62% share of total exports.

Among the main countries of destination, Poland, with a CAGR of +31.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sorbitol export price stood at $X per ton in 2021, shrinking by -6.5% against the previous year. Overall, the export price showed a perceptible downturn. The pace of growth was the most pronounced in 2018 an increase of 40% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Poland ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+0.8%), while the prices for the other major destinations experienced mixed trend patterns.

Sorbitol Imports

Imports into Sweden

After three years of growth, purchases abroad of sorbitol (excluding d-glucitol) decreased by -2.6% to X tons in 2021. Overall, total imports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +34.4% against 2017 indices. The pace of growth was the most pronounced in 2013 with an increase of 85% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, sorbitol imports expanded notably to $X in 2021. In general, total imports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +61.1% against 2017 indices. The growth pace was the most rapid in 2013 when imports increased by 75%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

France (X tons), Denmark (X tons) and Belgium (X tons) were the main suppliers of sorbitol imports to Sweden, with a combined 95% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +57.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), France ($X) and Belgium ($X) were the largest sorbitol suppliers to Sweden, with a combined 91% share of total imports.

Among the main suppliers, Denmark, with a CAGR of +54.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average sorbitol import price stood at $X per ton in 2021, surging by 9.1% against the previous year. In general, the import price, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 when the average import price increased by 17%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :