Sorbitol Prices

Sorbitol Prices June 2024

The sorbitol prices in the United States for Q2 2024 reached 846 USD/MT in June. In this region, where price changes were most noticeable, the overall trend was a continuous increase in the cost of sorbitol. This pricing trajectory was mostly influenced by seasonal variations in demand as well as efficient stock management techniques. The first part of the quarter saw modest cost rises in the market, which picked up speed in the second half and reached an increase, illustrating fluctuating seasonal trends and revitalized consumer spending have an impact.

The price trend for sorbitol in China for Q2 2024 settled at 646 USD/MT in June. Although the overall market in this region remained stable, however, noticeable price changes brought on by variable considerations were noticed. In order to manage product quality, manufacturers preemptively modified excess supplies in advance of summer shutdowns. The cost differentiations between the start and conclusion of the period were little in spite of these tactical changes, suggesting a consistent pricing trend over the course of the quarter.

In France, the sorbitol prices for Q2 2024 reached 1375 USD/MT in June. The region witnessed significant price variations throughout the period. Seasonal considerations and general market confidence have provided to a substantial price gain between Q1 and latter half of Q2, indicating a positively skewed market trend. This trend emphasizes how crucial France is to the dynamics of the larger market.

Sorbitol Prices March 2024

The sorbitol prices in the United States for Q1 2024 reached 820 USD/MT in March. The downstream sector's persistent demand, which led to mass purchases and ensuing pre-emptive increase in rates by key players, was a major factor in these price fluctuations. The price volatility was also influenced by geopolitical disturbances and trade related challenges, including disruptions in vital marine transit routes such as the Suez Canal and Red Sea. Pricing dynamics were further impacted by these delays, which led to increased transport costs and logistical bottlenecks.

The price trend for sorbitol in China for Q1 2024 settled at 665 USD/MT in March. The prices in the Asia Pacific area were largely unchanged in the first quarter of 2024, with minor variations in certain nations. Prices were supported and an upward trend was maintained by the steady adoption rate of the product from sectors such as food processing and pharmaceuticals. Prices rose in February 2024 as a result of low stocks and growing demand, which were made worse by manufacturing halts throughout the Chinese Spring Festival and Lunar New Year. Due to positive emotion and customer faith, there was a spike in regional and foreign purchases after the holidays, and traders profited from the Chinese currency's decline versus the US dollar.

In France, the sorbitol prices for Q1 2024 reached 1280 USD/MT in March. The market witnessed a positive market sentiment, mostly as a result of rising adoption from end use industries. Prices were under a lot of coercion on account of this growing adoption. Furthermore, delivery setbacks and longer lead times were brought on by interruptions in the international supply network, especially in the Red Sea region. The price increase was caused by these delays as well as inadequacies of essential products and resources. Another level of complexity was introduced by currency movements, particularly the weakening of the euro relative to the dollar. In the face of growing freight costs, vendors and purchasers were forced to buy items at expensive prices due to the increasing costs of imported articles denominated in USD. In addition, distribution delays, restricted supply, and rising end user industry demand all contributed to price increases.

Sorbitol Prices December 2023

The sorbitol prices in the United States for Q4 2023 reached 755 USD/MT in December. The market demonstrated resilience with prices stabilizing despite an initial decline. This stability was supported by a steady supply of corn starch and a market well-supplied with inventories. Downstream industries adapted to market conditions with timely purchasing strategies, maintaining supply-demand stability.

The price trend for sorbitol in China for Q4 2023, reached 659 USD/MT in December. The quarter began with decreased prices due to high stockpiles and subdued demand. However, as the quarter advanced, demand surged, prompting increased production and tighter market conditions. Strategic inventory replenishment was crucial in responding to market shifts and stabilizing prices.

The price trend for sorbitol in France for Q4 2023, reached 119 USD/MT in December. The market fluctuated, starting with a drop in prices due to an exceptional corn harvest that led to an oversupply. However, the market recovered mid-quarter as demand increased, driven by seasonal consumer activity, which led to a moderate increase in sorbitol prices by the end of the quarter.

Regional Coverage

The report provides a detailed analysis of the sorbitol market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the sorbitol price trend.

Global Sorbitol Price

The report offers a holistic view of the global sorbitol pricing trends in the form of sorbitol price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into sorbitol historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into sorbitol price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed sorbitol demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Sorbitol Price

Q2 2024:

Product prices have risen significantly throughout Europe in the Q2 2024 due to a number of causes, such as increased end user demand, increased manufacturing costs, and continuous supply chain problems. Costs associated with manufacturing have been driven up by the ongoing increase in the price of corn starch. Additionally, manufacturers' smart stock management and preemptive acquisition tactics have had a big impact on market circumstances.

Q1 2024:

The market witnessed a positive sentiment, mostly on account of the increasing adoption from end use industries. Prices were under a lot of coercion due to this increasing adoption rate. Furthermore, delivery setbacks and longer lead durations were caused by interruptions in the international supply network, particularly in the Red Sea region. The price increase was caused by these delays as well as inadequacies of essential products and resources. Another level of complexity was introduced by currency movements, particularly the weakening of the euro relative to the dollar. In the face of growing freight costs, vendors and purchasers were forced to buy items at expensive prices due to the increasing costs of imported articles denominated in USD.

Q4 2023:

The European sorbitol market saw varied price movements in the latter part of 2023. Prices fell initially due to an abundant corn harvest, surpassing market expectations and leading to an oversupply of the raw material. Traders had previously stocked up, anticipating a rise in demand which did not materialize as expected, compelling adjustments in stock levels. However, towards the middle of the quarter, demand picked up, likely driven by increased consumer activities during the holiday season, which pushed prices upward. This period highlighted the volatile nature of the market, influenced by both seasonal demand fluctuations and agricultural outputs.

This analysis can be extended to include detailed sorbitol price information for a comprehensive list of countries.

North America Sorbitol Price

Q2 2024:

The market showed a significant increased rise in rates in Q2 2024, mostly due to rising operating expenses, especially for raw materials and energy. These increased costs resulted in large increases in manufacturing expenses for the sector. At the same time, supply chain stresses were made worse by logistical issues including delivery postponements and increased freight costs, which added to the general rise in costs. The market was further constrained by cost constraints that were exacerbated by geopolitical conflicts and environmental disturbances. In the USA, where price changes were most noticeable, the overall trend was a continuous increase in the cost of sorbitol. This pricing trajectory was mostly influenced by seasonal variations in demand as well as efficient stock management techniques.

Q1 2024:

A factor substantially contributing to the cost swings was the end use sectors' ongoing demand, which led to large purchases and following preemptive rate increases by big key players. Upheavals in international relations and trade-related difficulties, including interruptions in major maritime transit courses such as the Red Sea and Suez Canal, also had an impact on price changes. These delays further affected pricing variations by causing logistical bottlenecks and higher transportation expenses.

Q4 2023:

Throughout Q4 2023, the North American market maintained steady conditions. The market initially experienced a minor price drop, due to an ample sorbitol supply, fueled by stable corn starch production. The downward price trend was further influenced by a surplus in local corn production, particularly with new corn from northeastern regions influencing the market. Despite this, sorbitol prices stabilized later in the quarter due to balanced market demand and well-managed inventory levels. The purchasing strategy of downstream sectors shifted towards just-in-time acquisitions, reflecting a cautious approach to stock management and pricing.

Specific sorbitol historical data within the United States and Canada can also be provided.

Middle East and Africa Sorbitol Price

The report explores the sorbitol pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on sorbitol prices for countries can also be provided.

Asia Pacific Sorbitol Price

Q2 2024:

Due to a number of important variables, the market maintained steady pricing in Q2 2024. Stable production costs resulted from stable raw material costs, especially for corn starch. Furthermore, there were no sharp variations in consumption across businesses like personal care and medicines. By maintaining inventory levels under control, this equilibrium successfully avoided large price fluctuations. Although the overall market in China remained stable, there were some noticeable price changes brought on by seasonal considerations.

Q1 2024:

The prices in the Asia Pacific area were majorly stabilized in the first quarter of 2024, with minute changes in certain nations. Prices were supported and an upward trend was maintained by the steady adoption rate of the product from sectors such as food processing and pharmaceuticals. Prices rose in February 2024 as a result of low stocks and growing demand, which were made worse by manufacturing halts throughout the Chinese Spring Festival and Lunar New Year. Due to positive emotion and customer faith, there was a spike in domestic and foreign purchases after the holidays, and traders profited from the Chinese currency's decline versus the US dollar.

Q4 2023:

In Asia Pacific, the market encountered several ups and downs during Q4 2023. The period started with declining prices due to high supply, leading to a slowdown in manufacturing. This trend was exacerbated by a decrease in demand from downstream industries and a reduction in new inquiries for sorbitol. As the quarter progressed, market conditions shifted with increased inquiries and restocking, spurred by a surge in demand that tightened the market. Power outages during the quarter unexpectedly raised production costs and influenced market dynamics, necessitating strategic inventory management to stabilize supply-demand relations.

This sorbitol price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Sorbitol Price

The analysis of sorbitol prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Sorbitol Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Sorbitol Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of sorbitol pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of sorbitol at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of sorbitol price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing sorbitol price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Sorbitol Market Analysis

The global sorbitol market size reached 2.7 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 3 Million Tons, at a projected CAGR of 1.00% during 2023-2032.

• The extensive use of sorbitol in various industries such as pharmaceuticals, food and beverage (F&B), chemicals, and personal care represents one of the key factors influencing the growth of the sorbitol market across the globe. The rising health consciousness among consumers, coupled with increasing demand for healthier alternatives to sugar are contributing to the market growth. The growing demand for low-calorie sweeteners, humectants, and sugar substitutes in several sectors is driving the growth of the market.
• The sorbitol demand is further amplified by the rising prevalence of diabetic patients and the growing utilization of sugar-free and low-calorie products. According to the National Diabetes Statistics Report, 2023, From 2001 to 2021, diabetes prevalence significantly increased among US adults 18 or older. 38.4 million people have diabetes that’s 11.6% of the US population. 29.7 million people have been diagnosed with diabetes. 8.7 million people who have diabetes have not been diagnosed and do not know they have it. This is further boosting the market growth.
• Sorbitol is also used as an excipient in formulations and sweetening agents in tablets, syrups, and oral medications. According to the National Center for Biotechnology Information, Prescription drug use in the United States has reached record levels, reaching 6.3 billion prescriptions approximately 19 prescriptions for every American filled in 2020 alone (IQVIA Institute for Human Data Science 2021). This is further facilitating the growth of the market.
• The increasing demand for cosmetic and personal care products is propelling the market growth. This is primarily due to the extensive usage of sorbitol in the personal care and cosmetic industry for its humectant and moisturizing properties which is driving the growth of the market.
• Rapid urbanization, changing lifestyles, and increasing disposable income are also contributing to the demand for sorbitol, thus driving the market growth. According to the World Bank, some 56% of the world’s population 4.4 billion inhabitants live in cities which is expected to continue, with the urban population more than doubling its current size by 2050, at which point nearly 7 of 10 people will live in cities.
• Regulatory initiatives aimed at reducing sugar consumption and promoting healthier food choices are creating a positive outlook for the market. According to the World Health Organization (WHO), the government in the eastern Mediterranean region implemented a policy based on the WHO guidelines specifying that all individuals’ children and adults should consume less than 10%, or preferably 5%, of free sugars in their diet.

Sorbitol News

The report covers the latest developments, updates, and trends impacting the global sorbitol market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in sorbitol production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the sorbitol price trend.

Latest developments in the sorbitol industry:

• In 2023, Merck, a leading science and technology company, announced an agreement with the Commonwealth of Pennsylvania to support expansion plans at its semiconductor manufacturing site in Hometown. This expansion is part of Merck's Level Up growth program, announced by its electronics business sector in late 2021, which aims to invest over € 3 billion in innovation and capacity expansion projects by 2025.
• In 2022, Ingredion Incorporated, a leading global provider of value-added ingredient solutions, strengthened the global sustainable ingredients supply chain for food and beverage (F&B) producers with the opening of Shandong South, a new production plant in Shandong, China. This latest launch doubles Ingredion’s starch production capacity and capabilities in the country.
• According to an article published in the Business Standard, Gujarat Ambuja Exports announced that it has successfully commissioned a 100 tonnes per day (TPD) Sorbitol unit at the company's existing unit in Hubli, Karnataka. With this the company becomes the largest Sorbitol manufacturer in India with a cumulative capacity of 500 TPD at 4 locations, Gujarat Ambuja said in a statement.

Product Description

Sorbitol refers to a type of carbohydrate that falls into the category of sugar alcohols, also known as polyols. It occurs naturally in fruits and vegetables or can be produced synthetically from glucose.

Chemically, it is a polyhydric alcohol with a sweet taste, but lower sweetness intensity compared to sucrose.

Commercially, sorbitol is utilized to preserve moisture, provide texture to products, and add sweetness, along with potentially supporting oral and digestive health.

Sorbitol consists of approximately 2/3 of the calories of table sugar and provides about 60% sweetness. It is extensively employed as a sugar substitute in food and beverage (F&B) products, especially those targeted towards individuals with diabetes or those seeking to reduce calorie intake.

Sorbitol also serves as a moisturizing agent in personal care products such as skincare, haircare, and oral care items due to its humectant properties. In the pharmaceutical industry, sorbitol functions as an excipient in formulations and oral medications, providing sweetness, texture, and bulk to tablets, syrups, and suspensions. Its versatility and multiple applications make it a valuable ingredient in several industries.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of sorbitol pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting sorbitol price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The sorbitol price charts ensure our clients remain at the forefront of the industry.