Benelux: Inulin Market 2024

Inulin Market Size in Benelux

The Benelux inulin market contracted to $X in 2021, with a decrease of -7.2% against the previous year. Over the period under review, consumption continues to indicate a abrupt curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Inulin Production in Benelux

In value terms, inulin production amounted to $X in 2021 estimated in export price. Over the period under review, production saw a pronounced curtailment. The most prominent rate of growth was recorded in 2013 when the production volume increased by 21%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Inulin Exports

Exports in Benelux

After three years of growth, overseas shipments of inulin decreased by -1.5% to X tons in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +38.6% against 2015 indices. The pace of growth appeared the most rapid in 2013 with an increase of 79%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, inulin exports rose markedly to $X in 2021. Overall, exports, however, continue to indicate noticeable growth. The growth pace was the most rapid in 2013 with an increase of 77% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belgium dominates exports structure, reaching X tons, which was approx. 98% of total exports in 2021. The Netherlands (X tons) followed a long way behind the leaders.

Exports from Belgium increased at an average annual rate of +5.0% from 2012 to 2021. At the same time, the Netherlands (+12.3%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +12.3% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest inulin supplier in Benelux, comprising 98% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 1.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Belgium totaled +3.5%.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2021, with an increase of 9.8% against the previous year. Overall, the export price, however, recorded a slight shrinkage. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.4%).

Inulin Imports

Imports in Benelux

In 2021, after four years of growth, there was significant decline in purchases abroad of inulin, when their volume decreased by -34.9% to X tons. In general, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2014 when imports increased by 235% against the previous year. The volume of import peaked at X tons in 2020, and then fell markedly in the following year.

In value terms, inulin imports dropped remarkably to $X in 2021. Over the period under review, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 180% against the previous year. Over the period under review, imports reached the maximum at $X in 2020, and then fell remarkably in the following year.

Imports by Country

The Netherlands was the key importing country with an import of around X tons, which reached 80% of total imports. It was distantly followed by Belgium (X tons), creating a 20% share of total imports.

The Netherlands was also the fastest-growing in terms of the inulin imports, with a CAGR of +45.0% from 2012 to 2021. At the same time, Belgium (+1.5%) displayed positive paces of growth. The Netherlands (+66 p.p.) significantly strengthened its position in terms of the total imports, while Belgium saw its share reduced by -65.4% from 2012 to 2021, respectively.

In value terms, the Netherlands ($X) constitutes the largest market for imported inulin in Benelux, comprising 75% of total imports. The second position in the ranking was taken by Belgium ($X), with a 24% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the Netherlands totaled +44.1%.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2021, with an increase of 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2013 an increase of 27% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+4.2%).

Source: IndexBox Platform