Europe: Beet-Pulp And Bagasse Market 2024

Beet-Pulp And Bagasse Market Size in Europe

The Europe beet-pulp and bagasse market shrank slightly to $X in 2022, with a decrease of -1.8% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Beet-Pulp And Bagasse Production in Europe

In value terms, beet-pulp and bagasse production expanded slightly to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 31% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Beet-Pulp And Bagasse Exports

Exports in Europe

In 2022, exports of beet-pulp and bagasse in Europe skyrocketed to X tons, rising by 19% compared with the previous year. The total export volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the exports hit record highs at X tons in 2020; afterwards, it flattened through to 2022.

In value terms, beet-pulp and bagasse exports surged to $X in 2022. The total export value increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 15% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

Russia was the key exporting country with an export of about X tons, which finished at 41% of total exports. France (X tons) ranks second in terms of the total exports with a 15% share, followed by the Netherlands (11%). Germany (X tons), the Czech Republic (X tons), Belgium (X tons), Austria (X tons), Ukraine (X tons), Serbia (X tons), Latvia (X tons), Croatia (X tons), Belarus (X tons) and Lithuania (X tons) followed a long way behind the leaders.

Exports from Russia increased at an average annual rate of +6.5% from 2012 to 2022. At the same time, Latvia (+62.0%), Austria (+10.2%), Belarus (+3.7%), Croatia (+3.6%), the Netherlands (+2.4%) and Ukraine (+1.4%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in Europe, with a CAGR of +62.0% from 2012-2022. Lithuania experienced a relatively flat trend pattern. By contrast, France (-2.1%), Germany (-2.3%), Belgium (-3.1%), the Czech Republic (-4.3%) and Serbia (-4.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia, Latvia and Austria increased by +13, +2 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest beet-pulp and bagasse supplier in Europe, comprising 42% of total exports. The second position in the ranking was held by France ($X), with a 14% share of total exports. It was followed by the Netherlands, with a 7.7% share.

From 2012 to 2022, the average annual growth rate of value in Russia amounted to +6.0%. The remaining exporting countries recorded the following average annual rates of exports growth: France (-4.4% per year) and the Netherlands (+2.1% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, declining by -3.5% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by 17% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Latvia ($X per ton), while Belgium ($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 Europe

In 2022, beet-pulp and bagasse imports in Europe expanded remarkably to X tons, with an increase of 12% against 2021. Overall, imports continue to indicate a mild increase. The pace of growth was the most pronounced in 2015 when imports increased by 25% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, beet-pulp and bagasse imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 34% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Belgium (X tons), distantly followed by Italy (X tons), Ireland (X tons), the Netherlands (X tons), Spain (X tons), the UK (X tons) and Denmark (X tons) represented the largest importers of beet-pulp and bagasse, together constituting 75% of total imports. The following importers - Latvia (X tons), Hungary (X tons), Germany (X tons), Norway (X tons), Finland (X tons) and Poland (X tons) - together made up 16% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Poland (with a CAGR of +14.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest beet-pulp and bagasse importing markets in Europe were Italy ($X), Ireland ($X) and Spain ($X), with a combined 40% share of total imports. Belgium, the UK, Denmark, the Netherlands, Latvia, Norway, Finland, Germany, Poland and Hungary lagged somewhat behind, together comprising a further 51%.

In terms of the main importing countries, Latvia, with a CAGR of +25.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, with an increase of 17% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2013 when the import price increased by 18%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained at a somewhat lower figure.

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 Spain ($X per ton), while Hungary ($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