European Beet-Pulp and Bagasse Market Amounted to $1.8B in 2018

IndexBox has just published a new report: 'EU - Beet-Pulp And Bagasse - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

The revenue of the beet-pulp and bagasse market in the European Union amounted to $1.8B in 2018, going up by 9.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, beet-pulp and bagasse consumption, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the market value increased by 20% y-o-y. The level of beet-pulp and bagasse consumption peaked at $2B in 2014; however, from 2015 to 2018, consumption remained at a lower figure.

Consumption By Country in the EU

The countries with the highest volumes of beet-pulp and bagasse consumption in 2018 were Germany (2.5M tons), the UK (2.2M tons) and France (2.1M tons), with a combined 44% share of total consumption. These countries were followed by Belgium, Spain, Poland, the Netherlands, Romania, Italy, Sweden, Austria and Hungary, which together accounted for a further 45%.

From 2007 to 2018, the most notable rate of growth in terms of beet-pulp and bagasse consumption, amongst the main consuming countries, was attained by Austria, while the other leaders experienced more modest paces of growth.

In value terms, the largest beet-pulp and bagasse markets in the European Union were the UK ($391M), Spain ($248M) and Germany ($225M), with a combined 47% share of the total market. These countries were followed by France, the Netherlands, Romania, Sweden, Austria, Hungary, Italy, Belgium and Poland, which together accounted for a further 40%.

In 2018, the highest levels of beet-pulp and bagasse per capita consumption was registered in Belgium (131 kg per person), followed by the Netherlands (49 kg per person), Austria (42 kg per person) and Sweden (41 kg per person), while the world average per capita consumption of beet-pulp and bagasse was estimated at 31 kg per person.

From 2007 to 2018, the average annual rate of growth in terms of the beet-pulp and bagasse per capita consumption in Belgium stood at +3.0%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: the Netherlands (-2.6% per year) and Austria (+5.5% per year).

Production in the EU

In 2018, approx. 15M tons of beet-pulp and bagasse were produced in the European Union; surging by 2% against the previous year. In general, beet-pulp and bagasse production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when production volume increased by 16% y-o-y. The volume of beet-pulp and bagasse production peaked at 16M tons in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

In value terms, beet-pulp and bagasse production amounted to $1.8B in 2018 estimated in export prices. Over the period under review, beet-pulp and bagasse production, however, continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2013 with an increase of 24% year-to-year. In that year, beet-pulp and bagasse production reached its peak level of $2.5B. From 2014 to 2018, beet-pulp and bagasse production growth remained at a somewhat lower figure.

Production By Country in the EU

The countries with the highest volumes of beet-pulp and bagasse production in 2018 were France (2.9M tons), Germany (2.5M tons) and the UK (1.9M tons), with a combined 50% share of total production. These countries were followed by Spain, Belgium, Poland, the Netherlands, Romania, Austria, Sweden, Hungary and Bulgaria, which together accounted for a further 42%.

From 2007 to 2018, the most notable rate of growth in terms of beet-pulp and bagasse production, amongst the main producing countries, was attained by Sweden, while the other leaders experienced more modest paces of growth.

Exports in the EU

The exports totaled 1.7M tons in 2018, picking up by 14% against the previous year. The total export volume increased at an average annual rate of +3.2% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2009 when exports increased by 18% against the previous year. The volume of exports peaked at 1.9M tons in 2015; however, from 2016 to 2018, exports stood at a somewhat lower figure.

In value terms, beet-pulp and bagasse exports amounted to $309M (IndexBox estimates) in 2018. The total exports indicated prominent growth from 2007 to 2018: its value increased at an average annual rate of +3.2% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, beet-pulp and bagasse exports increased by +40.7% against 2016 indices. The growth pace was the most rapid in 2018 with an increase of 30% y-o-y. The level of exports peaked at $321M in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

Exports by Country

France represented the major exporting country with an export of around 767K tons, which accounted for 45% of total exports. Slovenia (159K tons) held a 9.3% share (based on tons) of total exports, which put it in second place, followed by the Netherlands (8.4%), Belgium (7.6%), the Czech Republic (6.5%), Austria (6.3%) and Germany (6%).

Exports from France increased at an average annual rate of +5.4% from 2007 to 2018. At the same time, Austria (+10.7%), the Czech Republic (+9.6%) and Slovenia (+4.2%) displayed positive paces of growth. Moreover, Austria emerged as the fastest-growing exporter in the European Union, with a CAGR of +10.7% from 2007-2018. Belgium and the Netherlands experienced a relatively flat trend pattern. By contrast, Germany (-5.0%) illustrated a downward trend over the same period. From 2007 to 2018, the share of France, Austria, the Czech Republic and Slovenia increased by +20%, +4.3%, +4.1% and +3.4% percentage points, while Germany (-4.6 p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($153M) remains the largest beet-pulp and bagasse supplier in the European Union, comprising 50% of total beet-pulp and bagasse exports. The second position in the ranking was occupied by Belgium ($28M), with a 9% share of total exports. It was followed by the Netherlands, with a 8.8% share.

In France, beet-pulp and bagasse exports increased at an average annual rate of +8.1% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Belgium (+7.7% per year) and the Netherlands (+1.2% per year).

Export Prices by Country

The beet-pulp and bagasse export price in the European Union stood at $182 per ton in 2018, going up by 15% against the previous year. Over the last eleven years, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2011 when the export price increased by 32% y-o-y. The level of export price peaked at $192 per ton in 2014; however, from 2015 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Belgium ($216 per ton), while Germany ($120 per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Belgium, while the other leaders experienced more modest paces of growth.

Imports in the EU

In 2018, approx. 2.9M tons of beet-pulp and bagasse were imported in the European Union; surging by 5.1% against the previous year. The total imports indicated a buoyant expansion from 2007 to 2018: its volume increased at an average annual rate of +5.0% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, beet-pulp and bagasse imports increased by +18.8% against 2012 indices. The pace of growth appeared the most rapid in 2012 with an increase of 31% year-to-year. The volume of imports peaked in 2018 and are likely to continue its growth in the near future.

In value terms, beet-pulp and bagasse imports totaled $509M (IndexBox estimates) in 2018. The total imports indicated buoyant growth from 2007 to 2018: its value increased at an average annual rate of +5.0% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, beet-pulp and bagasse imports increased by +28.3% against 2016 indices. The growth pace was the most rapid in 2011 when imports increased by 36% y-o-y. Over the period under review, beet-pulp and bagasse imports attained their peak figure in 2018 and are likely to continue its growth in the near future.

Imports by Country

The imports of the eight major importers of beet-pulp and bagasse, namely Belgium, Italy, the UK, Latvia, the Netherlands, Ireland, Spain and Denmark, represented more than two-thirds of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the UK, while the other leaders experienced more modest paces of growth.

In value terms, the largest beet-pulp and bagasse importing markets in the European Union were Belgium ($85M), Italy ($75M) and the UK ($63M), together comprising 44% of total imports.

The UK recorded the highest growth rate of imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The beet-pulp and bagasse import price in the European Union stood at $178 per ton in 2018, surging by 11% against the previous year. In general, the beet-pulp and bagasse import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the import price increased by 41% year-to-year. Over the period under review, the import prices for beet-pulp and bagasse attained their peak figure at $207 per ton in 2013; however, from 2014 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($213 per ton), while Latvia ($116 per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform