Belgium: Beet-Pulp And Bagasse Market 2024

Beet-Pulp And Bagasse Market Size in Belgium

In 2022, after two years of growth, there was significant decline in the Belgian beet-pulp and bagasse market, when its value decreased by -54.8% to $X. In general, consumption recorded a deep reduction. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Beet-Pulp And Bagasse Production in Belgium

In value terms, beet-pulp and bagasse production reduced remarkably to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 when the production volume increased by 57% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Beet-Pulp And Bagasse Exports

Exports from Belgium

In 2022, shipments abroad of beet-pulp and bagasse decreased by -36.6% to X tons, falling for the second consecutive year after two years of growth. In general, exports recorded a pronounced reduction. The pace of growth appeared the most rapid in 2020 when exports increased by 137%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, beet-pulp and bagasse exports shrank notably to $X in 2022. Overall, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of 237% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for beet-pulp and bagasse exports from Belgium, accounting for a 79% share of total exports. Moreover, beet-pulp and bagasse exports to the Netherlands exceeded the volume sent to the second major destination, France (X tons), eightfold. Germany (X tons) ranked third in terms of total exports with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands totaled +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-7.6% per year) and Germany (+78.8% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for beet-pulp and bagasse exports from Belgium, comprising 71% of total exports. The second position in the ranking was held by Germany ($X), with an 8.6% share of total exports. It was followed by France, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands stood at +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+61.4% per year) and France (-10.7% per year).

Export Prices by Country

In 2022, the average beet-pulp and bagasse export price amounted to $X per ton, shrinking by -14.1% against the previous year. In general, the export price saw a perceptible downturn. The pace of growth was the most pronounced in 2014 when the average export price increased by 143%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (+3.4%), while the prices for the other major destinations experienced mixed trend patterns.

Beet-Pulp And Bagasse Imports

Imports into Belgium

Beet-pulp and bagasse imports into Belgium expanded markedly to X tons in 2022, with an increase of 6.2% compared with 2021. Over the period under review, total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -4.1% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 38% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, beet-pulp and bagasse imports expanded significantly to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 67%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

France (X tons) and the Netherlands (X tons) were the main suppliers of beet-pulp and bagasse imports to Belgium.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +9.5%).

In value terms, France ($X) constituted the largest supplier of beet-pulp and bagasse to Belgium, comprising 65% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 26% share of total imports.

From 2012 to 2022, the average annual growth rate of value from France stood at -1.6%.

Import Prices by Country

In 2022, the average beet-pulp and bagasse import price amounted to $X per ton, approximately mirroring the previous year. In general, the import price, however, showed a perceptible curtailment. The pace of growth appeared the most rapid in 2020 when the average import price increased by 30%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for the Netherlands stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.5%).

Source: IndexBox Platform

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