EU: Glucose Market 2024

Glucose Market Size in the EU

The EU glucose market shrank to $X in 2021, which is down by -12.7% against the previous year. Overall, consumption showed a deep reduction. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Glucose Production in the EU

In value terms, glucose production stood at less than $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern.

Glucose Exports

Exports in the EU

In 2021, after three years of decline, there was significant growth in overseas shipments of glucose and glucose syrup, when their volume increased by 82% to X tons. Total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, glucose exports soared to $X in 2021. Overall, exports showed a noticeable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, France (X tons) was the main exporter of glucose and glucose syrup, constituting 42% of total exports. Hungary (X tons) ranks second in terms of the total exports with a 12% share, followed by the Netherlands (9.1%), Germany (9.1%), Italy (6.3%) and Slovakia (5%). Bulgaria (X tons) took a little share of total exports.

France experienced a relatively flat trend pattern with regard to volume of exports of glucose and glucose syrup. At the same time, Hungary (+5.1%), Bulgaria (+4.4%) and Germany (+2.0%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +5.1% from 2012-2021. By contrast, Italy (-2.3%), Slovakia (-2.4%) and the Netherlands (-3.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of France increased by +42 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) emerged as the largest glucose supplier in the European Union, comprising 41% of total exports. The second position in the ranking was held by Germany ($X), with an 11% share of total exports. It was followed by the Netherlands, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in France was relatively modest. In the other countries, the average annual rates were as follows: Germany (+0.5% per year) and the Netherlands (-6.3% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, surging by 16% against the previous year. Over the period under review, the export price, however, showed a perceptible contraction. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

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 Italy ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-1.3%), while the other leaders experienced a decline in the export price figures.

Glucose Imports

Imports in the EU

In 2021, overseas purchases of glucose and glucose syrup were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X tons in 2012; afterwards, it flattened through to 2021.

In value terms, glucose imports skyrocketed to $X in 2021. Overall, imports, however, showed a noticeable downturn. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons), distantly followed by Belgium (X tons), the Netherlands (X tons), France (X tons), Poland (X tons) and the Czech Republic (X tons) represented the main importers of glucose and glucose syrup, together achieving 75% of total imports. Italy (X tons), Denmark (X tons), Austria (X tons), Spain (X tons), Finland (X tons), Ireland (X tons) and Greece (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Ireland (with a CAGR of +15.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported glucose and glucose syrup in the European Union, comprising 26% of total imports. The second position in the ranking was taken by Belgium ($X), with a 13% share of total imports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany totaled -2.2%. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (-5.7% per year) and the Netherlands (-5.9% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, growing by 2.6% against the previous year. Overall, the import price, however, continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2013 an increase of 7.9%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (-0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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