United Kingdom: Sorbitol Market 2024

Sorbitol Market Size in the UK

In 2022, after three years of decline, there was significant growth in the UK sorbitol market, when its value increased by X% to $X. Over the period under review, consumption, however, continues to indicate a mild downturn. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Sorbitol Production in the UK

In value terms, sorbitol production contracted to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2018 with an increase of X%. Sorbitol production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Sorbitol Exports

Exports from the UK

In 2022, shipments abroad of d-glucitol (sorbitol) increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, sorbitol exports skyrocketed to $X in 2022. Overall, exports posted a buoyant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for sorbitol exports from the UK, accounting for a X% share of total exports. Moreover, sorbitol exports to Germany exceeded the volume sent to the second major destination, Malaysia (X tons), threefold. The third position in this ranking was held by Ireland (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Ireland (X% per year).

In value terms, the largest markets for sorbitol exported from the UK were Germany ($X), Ireland ($X) and Malaysia ($X), with a combined X% share of total exports.

Germany, 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

The average sorbitol export price stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to France ($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 Malaysia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Sorbitol Imports

Imports into the UK

In 2022, purchases abroad of d-glucitol (sorbitol) increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. The total import volume 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. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, sorbitol imports expanded rapidly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, France (X tons) constituted the largest sorbitol supplier to the UK, with a X% share of total imports. Moreover, sorbitol imports from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Belgium (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 totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Belgium (X% per year).

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

Among the main suppliers, Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sorbitol import price stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($X per ton), while the price for France ($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 mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :