Eastern Europe: Sorbitol Market 2024

Sorbitol Market Size in Eastern Europe

In 2023, the East European sorbitol market increased by X% to $X, rising for the second consecutive year after four years of decline. Over the period under review, consumption, however, recorded a perceptible downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Sorbitol Production in Eastern Europe

In value terms, sorbitol production shrank slightly to $X in 2023 estimated in export price. Overall, production continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Sorbitol Exports

Exports in Eastern Europe

In 2023, after seven years of growth, there was significant decline in overseas shipments of d-glucitol (sorbitol), when their volume decreased by X% to X tons. Overall, exports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2022, and then reduced in the following year.

In value terms, sorbitol exports soared to $X in 2023. In general, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2023 and are likely to see gradual growth in years to come.

Exports by Country

The Czech Republic was the major exporting country with an export of about X tons, which recorded X% of total exports. Poland (X tons) ranks second in terms of the total exports with an X% share, followed by Russia (X%). The following exporters - Bulgaria (X tons) and Romania (X tons) - each resulted at a X% share of total exports.

Exports from the Czech Republic increased at an average annual rate of X% from 2012 to 2023. At the same time, Romania (X%), Russia (X%), Poland (X%) and Bulgaria (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of the Czech Republic, Russia and Romania increased by X, X and X percentage points, respectively.

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

In the Czech Republic, sorbitol exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (X% per year) and Russia (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. 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.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Romania ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Sorbitol Imports

Imports in Eastern Europe

In 2023, approx. X tons of d-glucitol (sorbitol) were imported in Eastern Europe; with an increase of X% on the previous year's figure. Total imports indicated a prominent increase from 2012 to 2023: its volume 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked in 2023 and is likely to see steady growth in the immediate term.

In value terms, sorbitol imports skyrocketed to $X in 2023. In general, imports recorded strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2023 and are likely to see gradual growth in years to come.

Imports by Country

Poland was the main importing country with an import of around X tons, which finished at X% of total imports. It was distantly followed by Russia (X tons), mixing up a X% share of total imports. The Czech Republic (X tons) took a minor share of total imports.

Imports into Poland increased at an average annual rate of X% from 2012 to 2023. At the same time, Russia (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. While the share of Russia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Poland (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported d-glucitol (sorbitol) in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Russia ($X), with a X% share of total imports.

In Poland, sorbitol imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Russia (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, import price attained 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 ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform