Italy: Beet-Pulp And Bagasse Market 2024

Beet-Pulp And Bagasse Market Size in Italy

In 2022, the Italian beet-pulp and bagasse market increased by 1.3% to $X, rising for the second consecutive year after two years of decline. In general, consumption recorded a slight setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Beet-Pulp And Bagasse Production in Italy

In value terms, beet-pulp and bagasse production shrank to $X in 2022 estimated in export price. Overall, production recorded a perceptible reduction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 57% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Beet-Pulp And Bagasse Exports

Exports from Italy

In 2022, overseas shipments of beet-pulp and bagasse decreased by -45.5% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2017 when exports increased by 216%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then contracted rapidly in the following year.

In value terms, beet-pulp and bagasse exports reduced sharply to $X in 2022. In general, exports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2017 when exports increased by 201% against the previous year. The exports peaked at $X in 2021, and then fell sharply in the following year.

Exports by Country

Qatar (X tons), Japan (X tons) and Malta (X tons) were the main destinations of beet-pulp and bagasse exports from Italy, together accounting for 85% of total exports. Romania, France, the Netherlands and Austria lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +68.7%), while the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X), Japan ($X) and Malta ($X) appeared to be the largest markets for beet-pulp and bagasse exported from Italy worldwide, together comprising 84% of total exports. Romania, Austria, the Netherlands and France lagged somewhat behind, together accounting for a further 15%.

Among the main countries of destination, Romania, with a CAGR of +69.2%, recorded 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 average beet-pulp and bagasse export price stood at $X per ton in 2022, with an increase of 19% against the previous year. In general, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, beet-pulp and bagasse export price increased by +79.6% against 2015 indices. The growth pace was the most rapid in 2013 an increase of 43%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Malta ($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 Qatar (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.

Beet-Pulp And Bagasse Imports

Imports into Italy

In 2022, approx. X tons of beet-pulp and bagasse were imported into Italy; with a decrease of -10.4% on the previous year's figure. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 21% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, beet-pulp and bagasse imports reached $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 24%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X tons), Russia (X tons) and Slovenia (X tons) were the main suppliers of beet-pulp and bagasse imports to Italy, with a combined 78% share of total imports. Austria, Croatia and France lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for Croatia (with a CAGR of +17.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Germany ($X) and Slovenia ($X) appeared to be the largest beet-pulp and bagasse suppliers to Italy, with a combined 78% share of total imports. Croatia, Austria and France lagged somewhat behind, together comprising a further 20%.

Croatia, with a CAGR of +19.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average beet-pulp and bagasse import price amounted to $X per ton, picking up by 13% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 17%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Slovenia ($X per ton) and Russia ($X per ton), while the price for Germany ($X per ton) and Austria ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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