France Witnesses a Record High Glucose Price of $636 per Ton

France Glucose Export Price in November 2022

In November 2022, the glucose price stood at $636 per ton (FOB, France), growing by 1.6% against the previous month. Over the period from January 2022 to November 2022, it increased at an average monthly rate of +1.4%. The growth pace was the most rapid in June 2022 when the average export price increased by 5.5% m-o-m. The export price peaked in November 2022.

There were significant differences in the average prices for the major foreign markets. In November 2022, the country with the highest price was Spain ($810 per ton), while the average price for exports to Belgium ($460 per ton) was amongst the lowest.

From January 2022 to November 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

France Glucose Exports

Glucose exports from France fell slightly to 85K tons in November 2022, waning by -4.6% on October 2022 figures. The total export volume increased at an average monthly rate of +1.6% from January 2022 to November 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain months. The pace of growth was the most pronounced in February 2022 with an increase of 33% against the previous month. The exports peaked at 99K tons in March 2022; however, from April 2022 to November 2022, the exports failed to regain momentum.

In value terms, glucose exports shrank modestly to $54M (IndexBox estimates) in November 2022. The total export value increased at an average monthly rate of +3.0% over the period from January 2022 to November 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in February 2022 with an increase of 24% against the previous month. The exports peaked at 56K tons in October 2022, and then fell in the following month.

France Glucose Exports by Country

Belgium (29K tons), Germany (21K tons) and the Netherlands (10K tons) were the main destinations of glucose exports from France, with a combined 70% share of total exports. These countries were followed by the UK, Denmark, Poland, Ireland and Spain, which together accounted for a further 21%.

From January 2022 to November 2022, the biggest increases were in Poland (with a CAGR of +19.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($14M), Belgium ($13M) and the Netherlands ($6.4M) were the largest markets for glucose exported from France worldwide, with a combined 62% share of total exports. the UK, Denmark, Poland, Spain and Ireland lagged somewhat behind, together comprising a further 22%.

In terms of the main countries of destination, Poland, with a CAGR of +15.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Glucose Market Overview

The glucose market in France has been showing a steady growth rate over the years. Glucose is a form of sugar that is derived from various sources such as corn, wheat, and potatoes. It is used in various industries such as food and beverage, pharmaceutical, and cosmetic industries. Glucose is also used as a sweetener and a binding agent in many food products.

The food and beverage industry is the largest consumer of glucose in France. The industry uses glucose in the production of various food products such as confectionery, baked goods, and beverages. The demand for glucose in the food industry is driven by the increasing population and changing eating habits of people in France.

The pharmaceutical industry is another significant consumer of glucose in France. Glucose is used as a raw material in the production of various drugs such as anti-inflammatory, anti-allergic, and anti-cancer drugs. The increasing prevalence of diseases such as cancer and diabetes has led to a rise in the demand for glucose in the pharmaceutical industry.

The cosmetic industry also uses glucose as a raw material in the production of various skincare and hair care products. Glucose is used as a humectant in these products, which helps to retain moisture and maintain the texture of the product. The increasing awareness among consumers about personal grooming and hygiene has led to a rise in the demand for glucose in the cosmetic industry.

The price of glucose in France is influenced by various factors such as the cost of raw materials, production costs, and government policies. The fluctuation in the price of raw materials such as corn and wheat can impact the price of glucose. The production cost of glucose is also influenced by factors such as labor costs and energy costs. The government policies such as import tariffs and taxes can also have an impact on the price of glucose in France.

Overall, the glucose market in France is expected to grow at a moderate rate over the next few years. The increasing demand for glucose in the food, pharmaceutical, and cosmetic industries is expected to drive the growth of the market. The market players in France are focusing on innovation and new product development to cater to the changing demands of the consumers.

Source: IndexBox Market Intelligence Platform