Europe: Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups 2024

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups in Europe

In 2021, after three years of decline, there was significant growth in the Europe market for protein concentrates and flavoured or coloured sugar syrups, when its value increased by 9.3% to $X. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Protein Concentrates and Flavoured or Coloured Sugar Syrups in Europe

In value terms, production of protein concentrates and flavoured or coloured sugar syrups rose modestly to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 16%. As a result, production reached the peak level of $X. From 2015 to 2021, production of growth remained at a lower figure.

Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports in Europe

In 2021, overseas shipments of protein concentrates and flavoured or coloured sugar syrups increased by 11% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports saw a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 38%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups reached $X in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +9.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +41.1% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 32% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the near future.

Exports by Country

In 2021, the Netherlands (X tons) and Serbia (X tons) represented the key exporters of protein concentrates and flavoured or coloured sugar syrups in Europe, together finishing at approx. 40% of total exports. It was distantly followed by Belgium (X tons), the UK (X tons), France (X tons), Germany (X tons), Spain (X tons) and Slovakia (X tons), together generating a 37% share of total exports. Poland (X tons), Denmark (X tons), Russia (X tons), Italy (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 shipments, amongst the key exporting countries, was attained by Poland (with a CAGR of +28.8%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the largest protein concentrate and flavoured or coloured sugar syrup supplier in Europe, comprising 23% of total exports. The second position in the ranking was held by the UK ($X), with a 9.9% share of total exports. It was followed by Germany, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value in the Netherlands stood at +11.6%. In the other countries, the average annual rates were as follows: the UK (-3.4% per year) and Germany (+16.7% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2021, increasing by 2.2% against the previous year. Overall, the export price, however, continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2018 an increase of 5.9% against the previous year. Over the period under review, the export prices reached the maximum 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 Italy ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+8.4%), while the other leaders experienced more modest paces of growth.

Imports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Imports in Europe

In 2021, after five years of growth, there was decline in purchases abroad of protein concentrates and flavoured or coloured sugar syrups, when their volume decreased by -2.7% to X tons. 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 +42.9% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of 17%. Over the period under review, imports of hit record highs at X tons in 2020, and then reduced modestly in the following year.

In value terms, imports of protein concentrates and flavoured or coloured sugar syrups surged to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.5% 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 +74.8% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), the UK (X tons), Spain (X tons), France (X tons) and Germany (X tons) represented roughly 56% of total imports in 2021. It was distantly followed by Belgium (X tons), achieving a 5.5% share of total imports. The following importers - Poland (X tons), Italy (X tons), Russia (X tons), Sweden (X tons), Bulgaria (X tons), the Czech Republic (X tons) and Greece (X tons) - together made up 22% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Czech Republic (with a CAGR of +19.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest protein concentrate and flavoured or coloured sugar syrup importing markets in Europe were the Netherlands ($X), the UK ($X) and Spain ($X), together accounting for 40% of total imports. Germany, France, Poland, Belgium, Italy, Sweden, the Czech Republic, Greece, Russia and Bulgaria lagged somewhat behind, together accounting for a further 40%.

In terms of the main importing countries, Germany, with a CAGR of +17.9%, recorded the highest rates of growth with regard to 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

In 2021, the import price in Europe amounted to $X per ton, surging by 19% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+7.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform