Decline in France Sorbitol Price to $1,952 per Ton in May 2023

Decline in France Sorbitol Price to $1,952 per Ton in May 2023

In May 2023, the price of sorbitol in France dropped to $1,952 per ton (FOB, France), showing a decrease of -2.1% compared to the previous month. The export price of sorbitol experienced significant growth from May 2022 to May 2023, with an average monthly rate of +4.3% over the twelve-month period. However, there were noticeable fluctuations in the trend pattern during this period. In comparison to the indices in October 2022, the sorbitol export price in May 2023 increased by +57.6%. The most rapid growth rate was observed in January 2023, with an 18% increase month-to-month. The average export prices reached their peak in April 2023 at $1,994 per ton before declining in the following month. The average prices for sorbitol exports varied significantly across major external markets. Italy had the highest price in May 2023 at $2,525 per ton, while Belgium had one of the lowest average prices at $797 per ton. The notable price growth in terms of supply destinations from May 2022 to May 2023 was primarily observed in Italy (+5.0%), while other major destinations experienced more modest growth rates. In terms of sorbitol exports, France shipped 7.2K tons abroad in May 2023, indicating a -0.2% decrease compared to the previous month. Although there were two months of growth prior to this decline, overall exports showed a slight downward trend. The most rapid pace of growth occurred in February 2023 with an 18% increase compared to the previous month. The value of sorbitol exports from France slightly contracted to $14M in May 2023, with an average monthly growth rate of +2.4% from May 2022 to May 2023. However, there were noticeable fluctuations in the trend pattern during this period, with the most significant growth observed in February 2023 at 20%. Poland, Germany, and the Netherlands were the primary destinations for sorbitol exports from France, accounting for a combined 47% share. The UK, Turkey, Spain, Italy, Denmark, Brazil, and Belgium also showed notable import demand for sorbitol from France. Among the main countries of destination, Spain had the highest growth rate in terms of shipment volume from May 2022 to May 2023 (+2.3%), while other leading countries experienced more modest growth rates. In terms of value, Poland, Germany, and the UK were the largest markets for sorbitol exports from France, accounting for 40% of total exports. The Netherlands, Spain, Turkey, Italy, Denmark, Brazil, and Belgium also showed significant demand for French sorbitol, comprising a further 42%. Denmark displayed the highest growth rate (+6.7%) in terms of the value of sorbitol exports among the main destination countries over the period under review, while other leading countries experienced more moderate growth rates.

Source: IndexBox Market Intelligence Platform

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