Northern America: Beet-Pulp And Bagasse Market 2024

Beet-Pulp And Bagasse Market Size in Northern America

The North American beet-pulp and bagasse market reduced slightly to $X in 2022, declining by -2.5% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Beet-Pulp And Bagasse Production in Northern America

In value terms, beet-pulp and bagasse production declined to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 7.9% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Beet-Pulp And Bagasse Exports

Exports in Northern America

In 2022, shipments abroad of beet-pulp and bagasse increased by 29% to X tons, rising for the second consecutive year after three years of decline. Overall, exports, however, recorded a pronounced slump. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, beet-pulp and bagasse exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States prevails in exports structure, amounting to X tons, which was approx. 95% of total exports in 2022. It was distantly followed by Canada (X tons), committing a 5% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to beet-pulp and bagasse exports from the United States stood at -2.5%. Canada experienced a relatively flat trend pattern. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest beet-pulp and bagasse supplier in Northern America, comprising 97% of total exports. The second position in the ranking was held by Canada ($X), with a 2.9% share of total exports.

In the United States, beet-pulp and bagasse exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, with an increase of 7.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2013 when the export price increased by 14% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.5%).

Beet-Pulp And Bagasse Imports

Imports in Northern America

In 2022, purchases abroad of beet-pulp and bagasse decreased by -20.3% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports saw a slight decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 22%. Over the period under review, imports attained the peak figure at X tons in 2021, and then fell notably in the following year.

In value terms, beet-pulp and bagasse imports rose slightly to $X in 2022. Total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +15.0% against 2017 indices. The pace of growth appeared the most rapid in 2013 with an increase of 18%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Canada was the largest importer of beet-pulp and bagasse in Northern America, with the volume of imports reaching X tons, which was near 88% of total imports in 2022. It was distantly followed by the United States (X tons), mixing up a 12% share of total imports.

Canada experienced a relatively flat trend pattern with regard to volume of imports of beet-pulp and bagasse. The United States (-8.6%) illustrated a downward trend over the same period. Canada (+14 p.p.) significantly strengthened its position in terms of the total imports, while the United States saw its share reduced by -13.8% from 2012 to 2022, respectively.

In value terms, Canada ($X) constitutes the largest market for imported beet-pulp and bagasse in Northern America, comprising 74% of total imports. The second position in the ranking was held by the United States ($X), with a 26% share of total imports.

In Canada, beet-pulp and bagasse imports expanded at an average annual rate of +3.6% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, surging by 31% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.7%. As a result, import price attained 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 the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+17.5%).

Source: IndexBox Platform

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