Spain: Beet-Pulp And Bagasse Market 2024

Beet-Pulp And Bagasse Market Size in Spain

The Spanish beet-pulp and bagasse market reached $X in 2022, approximately reflecting the previous year. Overall, consumption showed a perceptible shrinkage. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Beet-Pulp And Bagasse Production in Spain

In value terms, beet-pulp and bagasse production expanded modestly to $X in 2022 estimated in export price. In general, production saw a deep reduction. Beet-pulp and bagasse production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Beet-Pulp And Bagasse Exports

Exports from Spain

In 2022, approx. X tons of beet-pulp and bagasse were exported from Spain; which is down by -49.1% compared with the previous year. Over the period under review, exports, however, enjoyed moderate growth. The most prominent rate of growth was recorded in 2019 with an increase of 133% against the previous year. The exports peaked at X tons in 2021, and then dropped rapidly in the following year.

In value terms, beet-pulp and bagasse exports declined markedly to $X in 2022. Overall, exports, however, recorded temperate growth. The pace of growth was the most pronounced in 2021 with an increase of 245% against the previous year. As a result, the exports attained the peak of $X, and then fell notably in the following year.

Exports by Country

Portugal (X tons), France (X tons) and Belgium (X tons) were the main destinations of beet-pulp and bagasse exports from Spain, with a combined 90% share of total exports. Germany, Ecuador and Colombia lagged somewhat behind, together accounting for a further 7.3%.

From 2012 to 2022, the biggest increases were recorded for Ecuador (with a CAGR of +77.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), France ($X) and Ecuador ($X) were the largest markets for beet-pulp and bagasse exported from Spain worldwide, together accounting for 87% of total exports.

Ecuador, with a CAGR of +134.5%, 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 beet-pulp and bagasse export price stood at $X per ton in 2022, with a decrease of -7.3% against the previous year. Over the period under review, the export price, however, showed a slight increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 53% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then shrank in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to Germany ($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 Poland (+37.7%), while the prices for the other major destinations experienced more modest paces of growth.

Beet-Pulp And Bagasse Imports

Imports into Spain

In 2022, purchases abroad of beet-pulp and bagasse decreased by -14.9% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 48% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then declined in the following year.

In value terms, beet-pulp and bagasse imports reached $X in 2022. In general, imports, however, continue to indicate strong growth. The growth pace was the most rapid in 2013 when imports increased by 61% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of beet-pulp and bagasse to Spain, with a 39% share of total imports. Moreover, beet-pulp and bagasse imports from Russia exceeded the figures recorded by the second-largest supplier, Egypt (X tons), twofold. Turkey (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Russia amounted to +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (-2.7% per year) and Turkey (0.0% per year).

In value terms, the largest beet-pulp and bagasse suppliers to Spain were Russia ($X), Egypt ($X) and Turkey ($X), together accounting for 72% of total imports. The Netherlands, Latvia, France and Portugal lagged somewhat behind, together comprising a further 24%.

Among the main suppliers, the Netherlands, with a CAGR of +25.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average beet-pulp and bagasse import price stood at $X per ton in 2022, with an increase of 27% against the previous year. In general, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.9% 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 +60.0% against 2020 indices. The growth pace was the most rapid in 2019 an increase of 31%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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