EU: Biological Product Market 2024

Biological Product Market Size in the EU

In 2022, after four years of growth, there was significant decline in the EU biological product market, when its value decreased by X% to $X. Overall, consumption, however, enjoyed a prominent expansion. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Biological Product Production in the EU

In value terms, biological product production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Biological Product Exports

Exports in the EU

In 2022, overseas shipments of biological products decreased by X% to X tons for the first time since 2015, thus ending a six-year rising trend. Overall, exports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then dropped markedly in the following year.

In value terms, biological product exports reduced sharply to $X in 2022. In general, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then declined significantly in the following year.

Exports by Country

The biggest shipments were from Germany (X tons), Poland (X tons), the Netherlands (X tons), Austria (X tons), Belgium (X tons), France (X tons) and Spain (X tons), together resulting at X% of total export. Ireland (X tons) held the next position in the ranking, followed by Italy (X tons). All these countries together held near X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest biological product supplying countries in the European Union were Ireland ($X), Germany ($X) and Belgium ($X), together comprising X% of total exports. The Netherlands, Italy, Austria, France, Spain and Poland lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, rising by X% against the previous year. Export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, biological product export price increased by X% against 2015 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Ireland ($X,243 per ton), while Poland ($X per ton) was amongst the lowest.

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

Biological Product Imports

Imports in the EU

After six years of growth, purchases abroad of biological products decreased by X% to X tons in 2022. In general, imports, however, recorded notable growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then contracted rapidly in the following year.

In value terms, biological product imports shrank sharply to $X in 2022. Overall, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then dropped rapidly in the following year.

Imports by Country

In 2022, Germany (X tons), the Netherlands (X tons), Austria (X tons), France (X tons), Italy (X tons), Ireland (X tons), Spain (X tons) and Belgium (X tons) was the key importer of biological products in the European Union, constituting X% of total import. Poland (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Ireland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest biological product importing markets in the European Union were Germany ($X), Belgium ($X) and the Netherlands ($X), together accounting for X% of total imports.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 2022, the import price in the European Union amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X,231 per ton), while Austria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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