Portugal: Beet-Pulp And Bagasse Market 2024

Beet-Pulp And Bagasse Market Size in Portugal

The Portuguese beet-pulp and bagasse market declined to $X in 2022, with a decrease of -5% against the previous year. Overall, consumption showed a deep downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Beet-Pulp And Bagasse Production in Portugal

In value terms, beet-pulp and bagasse production declined modestly to $X in 2022 estimated in export price. Over the period under review, production showed a dramatic slump. The most prominent rate of growth was recorded in 2021 with an increase of 10%. Beet-pulp and bagasse production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Beet-Pulp And Bagasse Exports

Exports from Portugal

In 2022, approx. X tons of beet-pulp and bagasse were exported from Portugal; shrinking by -38% compared with the year before. Over the period under review, exports, however, posted significant growth. The pace of growth was the most pronounced in 2013 with an increase of 9,228%. The exports peaked at X tons in 2021, and then shrank sharply in the following year.

In value terms, beet-pulp and bagasse exports reduced markedly to $X in 2022. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 6,054% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for beet-pulp and bagasse exports from Portugal, accounting for a 97% share of total exports. It was followed by Cabo Verde (X tons), with a 3.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain stood at +76.7%.

In value terms, Spain ($X) remains the key foreign market for beet-pulp and bagasse exports from Portugal, comprising 88% of total exports. The second position in the ranking was taken by Cabo Verde ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Spain totaled +62.4%.

Export Prices by Country

The average beet-pulp and bagasse export price stood at $X per ton in 2022, jumping by 24% against the previous year. In general, the export price, however, saw a deep reduction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 139% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cabo Verde ($X per ton), while the average price for exports to Spain stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cabo Verde (+2.6%).

Beet-Pulp And Bagasse Imports

Imports into Portugal

In 2022, approx. X tons of beet-pulp and bagasse were imported into Portugal; jumping by 18% compared with the previous year. In general, imports posted modest growth. The most prominent rate of growth was recorded in 2015 when imports increased by 87% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, beet-pulp and bagasse imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a tangible increase. The most prominent rate of growth was recorded in 2015 with an increase of 53% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Latvia (X tons) constituted the largest beet-pulp and bagasse supplier to Portugal, with a 68% share of total imports. Moreover, beet-pulp and bagasse imports from Latvia exceeded the figures recorded by the second-largest supplier, Russia (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Latvia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-19.4% per year) and Spain (-22.3% per year).

In value terms, Latvia ($X) constituted the largest supplier of beet-pulp and bagasse to Portugal, comprising 73% of total imports. The second position in the ranking was taken by Russia ($X), with a 24% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Latvia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-14.1% per year) and Spain (-22.7% per year).

Import Prices by Country

The average beet-pulp and bagasse import price stood at $X per ton in 2022, jumping by 22% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% 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 import price increased by +63.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 34%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Latvia ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+6.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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