Eastern Europe: Inulin Market 2024

Inulin Market Size in Eastern Europe

After three years of decline, the East European inulin market increased by 1.5% to $X in 2021. Overall, consumption, however, continues to indicate a perceptible descent. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Inulin Production in Eastern Europe

In value terms, inulin production totaled $X in 2021 estimated in export price. In general, production, however, continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2015 when the production volume increased by 14%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Inulin Exports

Exports in Eastern Europe

In 2021, overseas shipments of inulin decreased by -18.3% to X tons, falling for the third consecutive year after three years of growth. In general, exports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2014 with an increase of 105% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, inulin exports reduced sharply to $X in 2021. Over the period under review, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2014 when exports increased by 118% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Hungary (X tons) was the main exporter of inulin, creating 39% of total exports. Russia (X tons) held the second position in the ranking, distantly followed by the Czech Republic (X tons), Lithuania (X tons) and Poland (X tons). All these countries together held near 54% share of total exports. Latvia (X tons) and Bulgaria (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +134.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest inulin supplying countries in Eastern Europe were Russia ($X), Lithuania ($X) and the Czech Republic ($X), with a combined 60% share of total exports. These countries were followed by Hungary, Poland, Latvia and Bulgaria, which together accounted for a further 39%.

Among the main exporting countries, Hungary, with a CAGR of +96.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, reducing by -5.1% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the export price increased by 17%. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.8%), while the other leaders experienced more modest paces of growth.

Inulin Imports

Imports in Eastern Europe

After five years of growth, overseas purchases of inulin decreased by -6.5% to X tons in 2021. Over the period under review, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 37%. Over the period under review, imports reached the peak figure at X tons in 2020, and then reduced in the following year.

In value terms, inulin imports expanded markedly to $X in 2021. Overall, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by 43% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

Poland (X tons) and Russia (X tons) were the largest importers of inulin in 2021, amounting to near 37% and 28% of total imports, respectively. Hungary (X tons) took a 16% share (based on physical terms) of total imports, which put it in second place, followed by the Czech Republic (8.8%). Bulgaria (X tons) and Romania (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +40.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and Hungary ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 81% of total imports.

Hungary, with a CAGR of +33.7%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per ton, increasing by 21% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Russia ($X per ton) and Poland ($X per ton), while Hungary ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+0.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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