United Arab Emirates: Sorbitol Market 2024

Sorbitol Market Size in the United Arab Emirates

The sorbitol market in the United Arab Emirates expanded remarkably to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Sorbitol consumption peaked in 2022 and is likely to continue growth in the near future.

Sorbitol Production in the United Arab Emirates

In value terms, sorbitol production stood at $X in 2022 estimated in export price. In general, production recorded a perceptible slump. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Sorbitol Exports

Exports from the United Arab Emirates

In 2022, after three years of growth, there was significant decline in shipments abroad of d-glucitol (sorbitol), when their volume decreased by X% to X tons. Overall, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2021, and then dropped remarkably in the following year.

In value terms, sorbitol exports reduced sharply to $X in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Iran (X tons) was the main destination for sorbitol exports from the United Arab Emirates, accounting for a X% share of total exports. Moreover, sorbitol exports to Iran exceeded the volume sent to the second major destination, Algeria (X tons), twofold. Kuwait (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Iran stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (X% per year) and Kuwait (X% per year).

In value terms, Iran ($X), Algeria ($X) and Azerbaijan ($X) were the largest markets for sorbitol exported from the United Arab Emirates worldwide, together accounting for X% of total exports. Kuwait, Oman, India, Egypt and Afghanistan lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average sorbitol export price amounted to $X per ton, jumping by X% against the previous year. Overall, the export price, however, continues to indicate a deep downturn. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Algeria ($X per ton), while the average price for exports to Iran ($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 Egypt (X%), while the prices for the other major destinations experienced mixed trend patterns.

Sorbitol Imports

Imports into the United Arab Emirates

After four years of growth, purchases abroad of d-glucitol (sorbitol) decreased by X% to X tons in 2022. In general, imports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then dropped rapidly in the following year.

In value terms, sorbitol imports fell rapidly to $X in 2022. Over the period under review, imports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then contracted remarkably in the following year.

Imports by Country

In 2022, India (X tons) was the main supplier of sorbitol to the United Arab Emirates, with a X% share of total imports. Moreover, sorbitol imports from India exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X.8% per year) and Malaysia (X% per year).

In value terms, India ($X) constituted the largest supplier of d-glucitol (sorbitol) to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with an X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X.3% per year) and Malaysia (X% per year).

Import Prices by Country

The average sorbitol import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained 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 Malaysia ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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