United Kingdom: Sorbitol Market 2024

Sorbitol Market Size in the UK

The UK sorbitol market shrank slightly to $X in 2023, waning by X% against the previous year. In general, consumption showed a mild descent. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market remained at a somewhat lower figure.

Sorbitol Production in the UK

In value terms, sorbitol production fell to $X in 2023 estimated in export price. Over the period under review, production saw a perceptible downturn. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Sorbitol production peaked at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

Sorbitol Exports

Exports from the UK

Sorbitol exports from the UK dropped slightly to X tons in 2023, stabilizing at 2022. Overall, exports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, sorbitol exports dropped to $X in 2023. In general, exports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

Exports by Country

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

From 2012 to 2023, the average annual growth rate of volume to Poland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Ireland (X% per year).

In value terms, Poland ($X) emerged as the key foreign market for d-glucitol (sorbitol) exports from the UK, comprising X% of total exports. The second position in the ranking was held by Ireland ($X), with a X% share of total exports. It was followed by France, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Poland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (X% per year) and France (X% per year).

Export Prices by Country

In 2023, the average sorbitol export price amounted to $X per ton, falling by X% against the previous year. Overall, the export price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2023, 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 more modest paces of growth.

Sorbitol Imports

Imports into the UK

In 2023, after five years of decline, there was significant growth in purchases abroad of d-glucitol (sorbitol), when their volume increased by X% to X tons. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2023, the growth of imports failed to regain momentum.

In value terms, sorbitol imports skyrocketed to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

France (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of sorbitol imports to the UK, with a combined X% share of total imports. Turkey, China and Finland lagged somewhat behind, together accounting for a further X%.

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

In value terms, Germany ($X), France ($X) and Belgium ($X) constituted the largest sorbitol suppliers to the UK, together comprising X% of total imports. Turkey, China and Finland lagged somewhat behind, together accounting for a further X%.

Turkey, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average sorbitol import price amounted to $X per ton, rising by X% against the previous year. In general, import price indicated tangible 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 2018 indices. The growth pace was the most rapid in 2022 when the average import price increased by X% against the previous year. The import price peaked in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($X per ton), while the price for Turkey ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform