China - D-Glucitol (Sorbitol) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSorbitol Price in China - 2023
Contents:
- Sorbitol Price in China (FOB) - 2023
- Sorbitol Price in China (CIF) - 2022
- Sorbitol Exports in China
- Sorbitol Imports in China
Sorbitol Price in China (FOB) - 2023
The average sorbitol export price stood at $891 per ton in June 2023, which is down by -11.1% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.0%. The growth pace was the most rapid in January 2023 an increase of 12% m-o-m. The export price peaked at $1,003 per ton in May 2023, and then declined in the following month.
There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was Russia ($1,279 per ton), while the average price for exports to Nigeria ($544 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.
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Sorbitol Price in China (CIF) - 2022
The average sorbitol import price stood at $3,635 per ton in 2022, with an increase of 65% against the previous year. Overall, the import price posted strong growth. 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 Germany ($5,317 per ton), while the price for South Korea ($1,014 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Sorbitol Exports in China
In 2022, the amount of d-glucitol (sorbitol) exported from China skyrocketed to 150K tons, with an increase of 32% against 2021. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +18.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.6% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, sorbitol exports surged to $122M in 2022. In general, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +22.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.6% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Sorbitol in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 19.4 | 20.7 | 22.1 | 20.9 | 2.5% |
| South Korea | 5.6 | 10.1 | 12.7 | 16.8 | 44.2% |
| Russia | 3.3 | 2.3 | 4.0 | 11.7 | 52.5% |
| Japan | 10.7 | 10.4 | 8.5 | 7.3 | -12.0% |
| Nigeria | N/A | N/A | 2.3 | 6.5 | 182.6% |
| Indonesia | 1.0 | 1.2 | 2.0 | 6.4 | 85.7% |
| Vietnam | 2.2 | 1.2 | 2.7 | 5.9 | 38.9% |
| Australia | 3.7 | 4.0 | 3.5 | 4.6 | 7.5% |
| Taiwan (Chinese) | 4.4 | 4.2 | 4.1 | 4.3 | -0.8% |
| Turkey | 0.7 | 2.6 | 2.6 | 4.2 | 81.7% |
| Brazil | 0.8 | 0.7 | 0.9 | 3.4 | 62.0% |
| Malaysia | 2.0 | 1.3 | 2.1 | 2.1 | 1.6% |
| Bangladesh | N/A | 0.1 | 0.8 | 1.6 | 300.0% |
| Others | 12.4 | 14.5 | 22.6 | 26.7 | 29.1% |
| Total | 66.3 | 73.3 | 90.9 | 122 | 22.5% |
Top Export Markets for Sorbitol from China in 2022:
- Thailand (34.5K tons)
- South Korea (21.4K tons)
- Indonesia (10.8K tons)
- Japan (10.4K tons)
- Vietnam (10.1K tons)
- Nigeria (10.1K tons)
- Russia (8.9K tons)
- Taiwan (Chinese) (4.6K tons)
- Australia (4.2K tons)
- Turkey (3.8K tons)
- Malaysia (3.4K tons)
- Brazil (3.0K tons)
- Bangladesh (3.0K tons)
Sorbitol Imports in China
In 2022, purchases abroad of d-glucitol (sorbitol) decreased by -47.4% to 1.1K tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a deep reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 39% against the previous year. As a result, imports reached the peak of 2K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, sorbitol imports shrank to $3.9M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +13.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 34%.
| Import of Sorbitol in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 341 | 387 | 2,520 | 1,733 | 71.9% |
| United States | 999 | 1,589 | 690 | 1,594 | 16.9% |
| France | 809 | 972 | 605 | 300 | -28.2% |
| India | 0.1 | 5.5 | 4.5 | 61.1 | 748.6% |
| Japan | 150 | 193 | 113 | 60.1 | -26.3% |
| Indonesia | 67.1 | 44.2 | 37.6 | 57.8 | -4.9% |
| South Korea | 250 | 89.0 | 64.4 | 49.9 | -41.6% |
| Thailand | N/A | 213 | 394 | 0.5 | -95.2% |
| Others | 3.0 | 13.6 | 26.8 | 11.9 | 58.3% |
| Total | 2,619 | 3,506 | 4,456 | 3,869 | 13.9% |
Top Suppliers of Sorbitol to China in 2022:
- Germany (326.0 tons)
- United States (316.9 tons)
- France (283.9 tons)
- South Korea (49.3 tons)
- Indonesia (35.0 tons)
- India (25.1 tons)
- Japan (24.1 tons)
- Thailand (0.8 tons)
This report provides an in-depth analysis of the sorbitol market in China. 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 2030.
Product coverage:
- Prodcom 20142333 - D-glucitol (sorbitol)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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