Poland: Glucose Market 2024

Glucose Market Size in Poland

In 2021, the Polish glucose market increased by 11% to $X, rising for the second year in a row after seven years of decline. Over the period under review, consumption showed a abrupt contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Glucose Production in Poland

In value terms, glucose production amounted to less than $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern.

Glucose Exports

Exports from Poland

In 2021, shipments abroad of glucose and glucose syrup was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when exports increased by 37%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, glucose exports surged to $X in 2021. In general, total exports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Denmark (X tons), Germany (X tons) and the Czech Republic (X tons) were the main destinations of glucose exports from Poland, together comprising 60% of total exports. Ukraine, Lithuania, Bulgaria, Slovenia, Latvia, the Netherlands, Croatia, Italy and Finland lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +309.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Denmark ($X) and the Czech Republic ($X) appeared to be the largest markets for glucose exported from Poland worldwide, together comprising 55% of total exports. These countries were followed by Ukraine, Italy, Lithuania, Bulgaria, the Netherlands, Slovenia, Finland, Croatia and Latvia, which together accounted for a further 33%.

Italy, with a CAGR of +230.6%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average glucose export price stood at $X per ton in 2021, with an increase of 32% against the previous year. Overall, the export price, however, showed a perceptible setback. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+0.6%), while the prices for the other major destinations experienced a decline.

Glucose Imports

Imports into Poland

In 2021, overseas purchases of glucose and glucose syrup increased by 29% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, continue to indicate a pronounced shrinkage. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, glucose imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a abrupt shrinkage. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Austria (X tons), Belgium (X tons) and France (X tons) were the main suppliers of glucose imports to Poland, with a combined 57% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +21.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), France ($X) and Austria ($X) appeared to be the largest glucose suppliers to Poland, with a combined 50% share of total imports. These countries were followed by Hungary, Bulgaria, Germany and Slovakia, which together accounted for a further 33%.

Bulgaria, with a CAGR of +14.5%, saw the highest rates of growth with regard to 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

The average glucose import price stood at $X per ton in 2021, growing by 11% against the previous year. Over the period under review, the import price, however, recorded a perceptible curtailment. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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