Greece: Beet-Pulp And Bagasse Market 2024

Beet-Pulp And Bagasse Market Size in Greece

The Greek beet-pulp and bagasse market shrank significantly to $X in 2022, falling by -68.3% against the previous year. In general, consumption showed a drastic downturn. Over the period under review, the market reached the maximum level at $X in 2021, and then fell rapidly in the following year.

Beet-Pulp And Bagasse Production in Greece

In value terms, beet-pulp and bagasse production totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.7% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 7.3%. Beet-pulp and bagasse production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Beet-Pulp And Bagasse Exports

Exports from Greece

In 2022, approx. X tons of beet-pulp and bagasse were exported from Greece; shrinking by -45.4% compared with the previous year. In general, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 when exports increased by 23,698% against the previous year. The exports peaked at X tons in 2021, and then fell rapidly in the following year.

In value terms, beet-pulp and bagasse exports reduced dramatically to $X in 2022. Over the period under review, exports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2014 with an increase of 17,049%. Over the period under review, the exports reached the maximum at $X in 2021, and then shrank rapidly in the following year.

Exports by Country

North Macedonia (X tons) was the main destination for beet-pulp and bagasse exports from Greece, with a 73% share of total exports. Moreover, beet-pulp and bagasse exports to North Macedonia exceeded the volume sent to the second major destination, Bulgaria (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to North Macedonia totaled +45.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-3.8% per year) and Serbia (-7.7% per year).

In value terms, North Macedonia ($X) remains the key foreign market for beet-pulp and bagasse exports from Greece, comprising 70% of total exports. The second position in the ranking was held by Bulgaria ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to North Macedonia amounted to +26.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-1.7% per year) and Serbia (+11.3% per year).

Export Prices by Country

The average beet-pulp and bagasse export price stood at $X per ton in 2022, with an increase of 5.5% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 29% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to North Macedonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.

Beet-Pulp And Bagasse Imports

Imports into Greece

Beet-pulp and bagasse imports into Greece contracted significantly to X tons in 2022, waning by -73.4% against 2021 figures. Over the period under review, imports, however, posted a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of 143% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then contracted notably in the following year.

In value terms, beet-pulp and bagasse imports contracted markedly to $X in 2022. Overall, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 168% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then reduced notably in the following year.

Imports by Country

In 2022, Russia (X tons) constituted the largest beet-pulp and bagasse supplier to Greece, with a 82% share of total imports. Moreover, beet-pulp and bagasse imports from Russia exceeded the figures recorded by the second-largest supplier, Serbia (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from Russia totaled +19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (-4.9% per year) and Bulgaria (-10.5% per year).

In value terms, Russia ($X) constituted the largest supplier of beet-pulp and bagasse to Greece, comprising 89% of total imports. The second position in the ranking was held by Serbia ($X), with a 5.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia totaled +20.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (-14.8% per year) and Bulgaria (-9.9% per year).

Import Prices by Country

The average beet-pulp and bagasse import price stood at $X per ton in 2022, reducing by -7.1% against the previous year. In general, the import price showed a slight decrease. The growth pace was the most rapid in 2021 when the average import price increased by 30%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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