Eastern Europe: Beet-Pulp And Bagasse Market 2024

Beet-Pulp And Bagasse Market Size in Eastern Europe

The East European beet-pulp and bagasse market dropped to $X in 2022, waning by -1.7% against the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Beet-Pulp And Bagasse Production in Eastern Europe

In value terms, beet-pulp and bagasse production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the production volume increased by 27%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Beet-Pulp And Bagasse Exports

Exports in Eastern Europe

In 2022, approx. X tons of beet-pulp and bagasse were exported in Eastern Europe; with an increase of 14% on 2021. Total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -2.0% against 2020 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 22% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, beet-pulp and bagasse exports reached $X in 2022. Total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +101.3% against 2014 indices. The growth pace was the most rapid in 2016 with an increase of 22%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

Russia dominates exports structure, finishing at X tons, which was near 75% of total exports in 2022. The Czech Republic (X tons) held a 6.2% share (based on physical terms) of total exports, which put it in second place, followed by Ukraine (4.7%). The following exporters - Latvia (X tons), Belarus (X tons), Lithuania (X tons) and Slovakia (X tons) - together made up 12% of total exports.

Exports from Russia increased at an average annual rate of +6.5% from 2012 to 2022. At the same time, Latvia (+62.0%), Slovakia (+32.1%), Belarus (+3.7%) and Ukraine (+1.4%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +62.0% from 2012-2022. Lithuania experienced a relatively flat trend pattern. By contrast, the Czech Republic (-4.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia, Latvia and Slovakia increased by +9.1, +3.7 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest beet-pulp and bagasse supplier in Eastern Europe, comprising 73% of total exports. The second position in the ranking was held by Latvia ($X), with a 6.5% share of total exports. It was followed by the Czech Republic, with a 6.2% share.

From 2012 to 2022, the average annual growth rate of value in Russia stood at +6.0%. In the other countries, the average annual rates were as follows: Latvia (+71.1% per year) and the Czech Republic (-1.1% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, falling by -8% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 29%. As a result, the export price attained the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Latvia ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+11.9%), while the other leaders experienced more modest paces of growth.

Beet-Pulp And Bagasse Imports

Imports in Eastern Europe

In 2022, supplies from abroad of beet-pulp and bagasse was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports showed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, beet-pulp and bagasse imports soared to $X in 2022. In general, imports enjoyed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Latvia (X tons) and Hungary (X tons) represented roughly 64% of total imports in 2022. Poland (X tons) ranks next in terms of the total imports with a 15% share, followed by Lithuania (14%). Slovakia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +21.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X) constitutes the largest market for imported beet-pulp and bagasse in Eastern Europe, comprising 39% of total imports. The second position in the ranking was taken by Lithuania ($X), with a 19% share of total imports. It was followed by Poland, with a 19% share.

From 2012 to 2022, the average annual growth rate of value in Latvia amounted to +25.4%. In the other countries, the average annual rates were as follows: Lithuania (+14.3% per year) and Poland (+10.5% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, picking up by 29% against the previous year. Import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the import price increased by 41%. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Lithuania ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+14.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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