World - D-Glucitol (Sorbitol) - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact
South Korea Becomes Fastest-Growing Sorbitol Importer in Past Decade
IndexBox has just published a new report: 'World - D-Glucitol (Sorbitol) - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.
Global Sorbitol Imports
In 2020, global sorbitol supplies imports decreased by -0.4% to 409K tonnes, falling for the second consecutive year after four years of growth. In value terms, supplies contracted to $432M (IndexBox estimates). The total import value increased at an average annual rate of +2.1% from 2010 to 2020.
The countries with the highest levels of sorbitol imports in 2020 were Japan (39K tonnes), Germany (34K tonnes), Poland (29K tonnes), Thailand (27K tonnes), Russia (26K tonnes), the Netherlands (23K tonnes), the UK (20K tonnes), South Korea (17K tonnes), Turkey (15K tonnes), Taiwan (Chinese) (12K tonnes), Canada (12K tonnes) and the U.S. (11K tonnes), together resulting at 65% of total volume. India (9.6K tonnes) occupied a little share of total imports.
In value terms, Poland ($38M), Japan ($35M) and the UK ($30M) appeared to be the countries with the highest levels of imports in 2020, with a combined 24% share of global imports. Germany, Russia, the Netherlands, South Korea, Turkey, Thailand, the U.S., Canada, Taiwan (Chinese) and India lagged somewhat behind, together comprising a further 39%.
South Korea became the fastest-growing sorbitol importer in the past decade. From 2010 to 2020, supplies to South Korea rose from $3.1M to $19.2M, while in physical terms, they expanded from 3.4K to 17K tonnes.
In 2020, the average sorbitol import price amounted to $1,057 per tonne, therefore, remained relatively stable against the previous year. There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was the UK ($1,480 per tonne), while Thailand ($651 per tonne) was amongst the lowest. From 2010 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.
Top Largest Sorbitol Exporters Worldwide
In 2020, China (101K tonnes), distantly followed by India (56K tonnes), Indonesia (53K tonnes), Germany (23K tonnes), the U.S. (23K tonnes) and Italy (17K tonnes) represented the major exporters of sorbitol, together committing 89% of total exports. Belgium (12K tonnes) followed a long way behind the leaders.
In value terms, China ($73M), Indonesia ($37M) and India ($33M) were the countries with the highest levels of exports in 2020, with a combined 62% share of global supplies.
Source: IndexBox Platform
This report provides an in-depth analysis of the global sorbitol market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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