Europe: Market for Glycosides And Vegetable Alkaloids 2024

Market Size for Glycosides And Vegetable Alkaloids in Europe

The Europe glycosides and vegetable alkaloids market soared to $X in 2021, increasing by 31% against the previous year. The total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Glycosides And Vegetable Alkaloids in Europe

In value terms, glycosides and vegetable alkaloids production shrank remarkably to $X in 2021 estimated in export price. In general, production, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2018 with an increase of 17% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Glycosides And Vegetable Alkaloids

Exports in Europe

In 2021, the amount of glycosides and vegetable alkaloids exported in Europe shrank to X tons, with a decrease of -13.3% against 2020 figures. The total export volume increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when exports increased by 24%. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, glycosides and vegetable alkaloids exports expanded remarkably to $X in 2021. Over the period under review, exports continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2014 with an increase of 25% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany represented the key exporting country with an export of about X tons, which accounted for 44% of total exports. Spain (X tons) held 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 near 39% share of total exports. Switzerland (X tons) followed a long way behind the leaders.

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%), France (+8.6%), Switzerland (+5.2%) and Italy (+3.1%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Europe, 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. The Netherlands (+7 p.p.), Germany (+3.7 p.p.) and France (+3.7 p.p.) significantly strengthened its position in terms of the total exports, while Sweden and Spain saw its share reduced by -5.6% and -16.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest glycosides and vegetable alkaloids supplying countries in Europe were Germany ($X), France ($X) and Switzerland ($X), with a combined 53% share of total exports. These countries were followed by Italy, Spain, the Netherlands and Sweden, which together accounted for a further 20%.

In terms of the main exporting countries, the Netherlands, with a CAGR of +24.1%, saw the highest growth rate of 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 Europe stood at $X per ton in 2021, with an increase of 24% against the previous year. Overall, the export price, however, continues to indicate a noticeable shrinkage. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, 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 Switzerland ($X per ton), while Sweden ($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 Europe

For the fifth consecutive year, Europe recorded growth in purchases abroad of glycosides and vegetable alkaloids, which increased by 17% to X tons in 2021. Total imports indicated a strong expansion 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 +71.9% against 2014 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, glycosides and vegetable alkaloids imports soared 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 consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the eight major importers of glycosides and vegetable alkaloids, namely Germany, France, Ireland, Italy, Austria, the UK, the Netherlands and Spain, represented more than two-thirds of total import. Switzerland (X tons) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +14.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the UK ($X) were the countries with the highest levels of imports in 2021, together accounting for 35% of total imports. The Netherlands, Switzerland, Spain, Italy, Ireland and Austria lagged somewhat behind, together comprising a further 35%.

The Netherlands, with a CAGR of +12.9%, saw the highest growth rate of 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

The import price in Europe stood at $X per ton in 2021, standing approx. at the previous year. Overall, the import price recorded a perceptible reduction. The most prominent rate of growth was recorded in 2013 an increase of 11% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Switzerland ($X per ton), while Austria ($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