Potassium sorbate is one of the most wide used food preservatives in the world. The others food preservatives are sodium benzoate, lactic acid and calcium propionate. Potassium sorbate market volume is increasing at a CAGR of 4.3% in 2016.
With its stability, safety and efficiency, potassium sorbate is most used in food & beverage. It includes canned foods, wine, dairy, ect. Potassium sorbate is also used in pharmaceutical products, personal care and industrial usage.
Potassium sorbate is one of the safest synthetic preservative in theworld. Potassium sorbate is the potassium salt of sorbic acid. In the human body, potassium sorbate can be decomposed into carbon dioxide and water, and be excreted. Its toxicity is only 1/40 traditional preservative, sodium benzoate.
HS: 291619-Unsaturated acyclic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives.
Source: Globalwits (2016)
Sorbic acid and its potassium salt are carbon-oxygen linear structure. The HS code of them is 291619.
According to HS 291619(Un Comtrade), China is the top 1 exporter in the world. The export volume of China is 4.86 times higher than the second exporter, Indonesia. From the above figures, we can find that USA is the top 1 importer of HS 291619 from China, taking 24.2% of whole Chinese export volume, followed by the Brazil with 7.5% and Germany with 5.7%.
Taken individually, USA is importing most potassium sorbate from China in 2016.
Source: Globalwits (2016)
China is the biggest potassium sorbate export country in the world. The production capacity of sorbic acid and potassium sorbate in China reaches 165.5 thousand tonnes in 2016. Ningbo Wanglong, Jinneng, Nantong Acetic Acid are the top 3 manufacturers in China, which take up 82.9% of Chinese sorbic acid and potassium sorbate production.
The Chinese FOB price of potassium sorbate has kept decreasing from Aug. 2016 to Mar. 2017. The reason is the oversupply of potassium sorbate. In 2016, the production of potassium sorbate in China has taken up 86.2% of world production. Owing to the limited production of Wanglong Group, which is the largest supplier of potassium sorbate in China, the price of it reached a peak in Apr. 2017.
The latest news in Chinese potassium sorbate market is that Wanglong has limited its production because of environmental protection policy in early June. Wanglong is the biggest sorbic acid and potassium sorbate manufacturer in China, accounting for 25.5% of Chinese sorbic acid and potassium sorbate production(2016).
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