Europe: Sorbitol Market 2024

Sorbitol Market Size in Europe

In 2023, the Europe sorbitol market increased by X% to $X, rising for the second consecutive year after four years of decline. Overall, consumption saw a noticeable shrinkage. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Sorbitol Production in Europe

In value terms, sorbitol production shrank modestly to $X in 2023 estimated in export price. Over the period under review, production showed a perceptible reduction. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Sorbitol Exports

Exports in Europe

In 2023, overseas shipments of d-glucitol (sorbitol) decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, sorbitol exports skyrocketed to $X in 2023. Overall, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in years to come.

Exports by Country

France was the key exporter of d-glucitol (sorbitol) in Europe, with the volume of exports recording X tons, which was near X% of total exports in 2023. It was distantly followed by Italy (X tons), the Netherlands (X tons) and Germany (X tons), together comprising a 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 Europe, with a CAGR of X% from 2012-2023. By contrast, Germany (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of France, Italy and the Netherlands increased by X, X and X percentage points, respectively.

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

In France, sorbitol exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Italy (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2023, the export price in Europe amounted to $X per ton, picking up by X% against the previous year. Export price indicated a resilient expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. 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 pace of growth appeared 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 likely to see gradual 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 Europe

In 2023, approx. X tons of d-glucitol (sorbitol) were imported in Europe; growing by X% compared with the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked in 2023 and is likely to see steady growth in the near future.

In value terms, sorbitol imports soared to $X in 2023. Total imports indicated a buoyant 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), Russia (X tons), the Netherlands (X tons), the UK (X tons), Italy (X tons) and Spain (X tons) were the major importers of d-glucitol (sorbitol), together making up X% of total imports.

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

In value terms, the largest sorbitol importing markets in Europe were Poland ($X), Germany ($X) and the UK ($X), with a combined X% share of total imports. The Netherlands, Russia, Spain and Italy lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Russia, 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 Europe amounted to $X per ton, with an increase of X% against the previous year. Import price indicated pronounced 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 import price increased by X% against 2015 indices. 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 importing countries. In 2023, amid the top importers, the country with the highest price was the UK ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform