Canada - D-Glucitol (Sorbitol) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSorbitol Price in Canada - 2023
Contents:
- Sorbitol Price in Canada (CIF) - 2023
- Sorbitol Price in Canada (FOB) - 2022
- Sorbitol Imports in Canada
- Sorbitol Exports in Canada
Sorbitol Price in Canada (CIF) - 2023
The average sorbitol import price stood at $1,351 per ton in June 2023, rising by 6.1% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.5%. The growth pace was the most rapid in July 2022 when the average import price increased by 16% m-o-m. The import price peaked at $1,392 per ton in August 2022; afterwards, it flattened through to June 2023.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($1,589 per ton), while the price for China ($1,002 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Sorbitol Price in Canada (FOB) - 2022
The average sorbitol export price stood at $1,744 per ton in 2022, rising by 35% against the previous year. Over the period under review, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sorbitol export price increased by +70.1% against 2017 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 42%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Israel.
From 2012 to 2022, the rate of growth in terms of prices for Israel amounted to +4.2% per year.
Sorbitol Imports in Canada
In 2022, after two years of decline, there was growth in supplies from abroad of d-glucitol (sorbitol), when their volume increased by 3.5% to 12K tons. In general, imports, however, saw a mild shrinkage.
In value terms, sorbitol imports surged to $15M in 2022. The total import value increased at an average annual rate of +5.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Sorbitol in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.4 | 8.1 | 8.2 | 9.6 | 4.6% |
| Indonesia | 2.0 | 1.9 | 0.6 | 1.7 | -5.3% |
| China | 0.3 | 0.8 | 1.3 | 1.5 | 71.0% |
| Thailand | 1.1 | 0.6 | 0.7 | 0.9 | -6.5% |
| India | 0.2 | 0.1 | 0.3 | 0.3 | 14.5% |
| Others | 0.5 | 0.6 | 0.2 | 0.5 | 0.0% |
| Total | 12.4 | 12.0 | 11.4 | 14.5 | 5.4% |
Top Suppliers of Sorbitol to Canada in 2022:
- United States (7.7K tons)
- Indonesia (1.4K tons)
- China (1.2K tons)
- Thailand (0.8K tons)
- India (0.4K tons)
Sorbitol Exports in Canada
After three years of growth, shipments abroad of d-glucitol (sorbitol) decreased by -42.5% to 81 tons in 2022. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 250%. As a result, the exports reached the peak of 141 tons, and then declined markedly in the following year.
In value terms, sorbitol exports reduced markedly to $142K in 2022. Overall, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 226% against the previous year. As a result, the exports attained the peak of $183K, and then contracted markedly in the following year.
| Export of Sorbitol in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 12.8 | 27.2 | 33.7 | 140 | 122.0% |
| Germany | 5.0 | N/A | N/A | N/A | 0% |
| United States | N/A | 26.7 | 145 | N/A | 443.1% |
| Others | 2.5 | 2.1 | 3.5 | 1.9 | -8.7% |
| Total | 20.3 | 56.0 | 183 | 142 | 91.2% |
Top Export Markets for Sorbitol from Canada in 2022:
- Israel (79.7 tons)
This report provides an in-depth analysis of the sorbitol market in Canada. 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:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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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