EU: Sorbitol Market 2024

Sorbitol Market Size in the EU

In 2023, the EU sorbitol market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption recorded a pronounced descent. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Sorbitol Production in the EU

In value terms, sorbitol production rose modestly to $X in 2023 estimated in export price. Overall, production recorded a mild curtailment. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

Sorbitol Exports

Exports in the EU

In 2023, shipments abroad of d-glucitol (sorbitol) decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, sorbitol exports surged to $X in 2023. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in years to come.

Exports by Country

In 2023, France (X tons) was the main exporter of d-glucitol (sorbitol), creating X% of total exports. Italy (X tons) took the second position in the ranking, distantly followed by the Netherlands (X tons) and Germany (X tons). All these countries together held near X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to sorbitol exports from France stood at X%. At the same time, the Netherlands (X%) and Italy (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. By contrast, Germany (X%) illustrated a downward trend over the same period. While the share of France (X p.p.), Italy (X p.p.) and the Netherlands (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Germany (X p.p.) displayed negative dynamics.

In value terms, France ($X) remains the largest sorbitol supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with an X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2023, the average annual growth rate of value in France totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2023, rising by X% against the previous year. Export price indicated strong growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, sorbitol export price increased by X% against 2020 indices. The growth pace was the most rapid in 2013 when the export price increased by X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in France ($X per ton) and the Netherlands ($X per ton), while Italy ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced more modest paces of growth.

Sorbitol Imports

Imports in the EU

In 2023, purchases abroad of d-glucitol (sorbitol) increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, imports hit record highs in 2023 and are likely to see gradual growth in the near future.

In value terms, sorbitol imports soared to $X in 2023. Total imports indicated a resilient increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, Poland (X tons), distantly followed by Germany (X tons), the Netherlands (X tons), Italy (X tons), Spain (X tons) and Denmark (X tons) were the major importers of d-glucitol (sorbitol), together making up X% of total imports. Belgium (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for the Czech Republic (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports. Spain, Italy, Denmark, Belgium and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, the Czech Republic, with a CAGR of X%, saw the highest growth rate of 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

In 2023, the import price in the European Union amounted to $X per ton, surging by X% against the previous year. Import price indicated a strong increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, sorbitol import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Denmark (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform