Sorbitol Prices Decrease in the USA Amid Lowering Demand in May 2023

Sorbitol prices in the USA depreciated in the month of May 2023, falling 10% from the previous month, April 2023. This is the first time that Sorbitol prices have decreased considerably since January 2023. Several factors contributed to the decline in Sorbitol prices, including an increase in supply. Sorbitol is produced from Corn Syrup, and the Corn harvest in the United States was bountiful in 2022. This increased supply of Corn Syrup led to an increase in the supply of the product, which led to ample product inventories among the suppliers and domestic merchants.

A fall in demand was another element that led to a drop in the price of Sorbitol in the USA. Several factors, including the popularity of low-calorie Foods and Beverages, drive the demand for Sorbitol. However, the demand for Sorbitol has declined recently because of several issues, such as the rising expense of living and the conflict in Ukraine.

The prices of Sorbitol are also influenced by its raw material Dextrose market behavior. The global Sugar market has been oversupplied in recent months, supporting the Dextrose market situation. Among other things, this is due to Brazil and India's abundant crops. As a result, Sugar's cost has decreased, bringing down the cost of Dextrose. Also, the demand for Dextrose has decreased in recent months, further influencing the Sorbitol market negatively. The COVID-19 epidemic and the Ukraine conflict are to blame for this. These factors caused the demand for Dextrose to decline, which also caused the price of the product to drop.

The decline in Sorbitol prices is good news for consumers. It is a common ingredient in various Food and Beverage products, and the lower prices will help keep the cost of these products down. The lower prices will help to improve their bottom line.

According to ChemAnalyst, the price drop for Sorbitol might be temporary. Future changes may be made to the variables that caused the price reduction, such as the expansion of supply and the contraction of demand. Prices for Sorbitol could rise once more if these variables alter. Also, in order to replenish their inventories, manufacturers might order in bulk which will provide cost support to the Sorbitol market. Also, the supply of the product might get limited due to the fact that it is derived from Corn, which is a major agricultural commodity. Due to weather conditions in the United States and South America, the global Corn crop is expected to be smaller.