EU: Market for Glycosides And Vegetable Alkaloids 2024

Market Size for Glycosides And Vegetable Alkaloids in the EU

In 2021, the EU glycosides and vegetable alkaloids market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. The total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Production of Glycosides And Vegetable Alkaloids in the EU

In value terms, glycosides and vegetable alkaloids production fell notably to $X in 2021 estimated in export price. In general, production, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of 25%. The level of production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Glycosides And Vegetable Alkaloids

Exports in the EU

In 2021, glycosides and vegetable alkaloids exports in the European Union reduced to X tons, waning by -14.8% compared with the previous year. The total export volume increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 24% 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, glycosides and vegetable alkaloids exports rose markedly to $X in 2021. In general, exports showed a pronounced decrease. The growth pace was the most rapid in 2014 when exports increased by 27% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Germany was the major exporting country with an export of about X tons, which recorded 47% of total exports. Spain (X tons) took the second position in the ranking, followed by the Netherlands (X tons), France (X tons), Italy (X tons) and Sweden (X tons). All these countries together held approx. 42% share of total exports. Belgium (X tons) took a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to glycosides and vegetable alkaloids exports from Germany stood at +2.5%. At the same time, the Netherlands (+24.1%), Belgium (+8.7%), France (+8.6%) and Italy (+3.1%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +24.1% from 2012-2021. By contrast, Sweden (-6.3%) and Spain (-7.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands, Germany and France increased by +7.6, +4.7 and +4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), France ($X) and Italy ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 63% of total exports. Spain, the Netherlands, Belgium and Sweden lagged somewhat behind, together accounting for a further 20%.

In terms of the main exporting countries, the Netherlands, with a CAGR of +24.1%, 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

The export price in the European Union stood at $X per ton in 2021, increasing by 25% against the previous year. In general, the export price, however, recorded a noticeable decline. The level of export peaked at $X per ton in 2012; however, from 2013 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 France ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+10.8%), while the other leaders experienced more modest paces of growth.

Imports of Glycosides And Vegetable Alkaloids

Imports in the EU

In 2021, overseas purchases of glycosides and vegetable alkaloids increased by 16% to X tons, rising for the seventh year in a row after two years of decline. Total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +76.6% against 2014 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, glycosides and vegetable alkaloids imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons), France (X tons), Ireland (X tons), Italy (X tons), Austria (X tons), the Netherlands (X tons) and Spain (X tons) was the major importer of glycosides and vegetable alkaloids in the European Union, creating 86% of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Germany (with a CAGR of +14.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glycosides and vegetable alkaloids importing markets in the European Union were Germany ($X), France ($X) and the Netherlands ($X), together comprising 46% of total imports.

The Netherlands, with a CAGR of +12.9%, saw 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 the European Union amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the import price recorded a pronounced shrinkage. The growth pace was the most rapid in 2013 an increase of 18% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Austria ($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 Netherlands (+10.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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