Sweden: Beet-Pulp And Bagasse Market 2024

Beet-Pulp And Bagasse Market Size in Sweden

The Swedish beet-pulp and bagasse market shrank modestly to $X in 2022, waning by -3.8% against the previous year. In general, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +4.0% against 2020 indices. Beet-pulp and bagasse consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Beet-Pulp And Bagasse Production in Sweden

In value terms, beet-pulp and bagasse production shrank to $X in 2022 estimated in export price. Overall, production, however, showed a strong increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by 141%. Beet-pulp and bagasse production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Beet-Pulp And Bagasse Exports

Exports from Sweden

In 2022, shipments abroad of beet-pulp and bagasse increased by 2.1% to X tons, rising for the second year in a row after three years of decline. In general, exports, however, faced a abrupt curtailment. The growth pace was the most rapid in 2016 when exports increased by 64%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, beet-pulp and bagasse exports declined remarkably to $X in 2022. Overall, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 41% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand (X tons) was the main destination for beet-pulp and bagasse exports from Sweden, accounting for a 72% share of total exports. Moreover, beet-pulp and bagasse exports to Thailand exceeded the volume sent to the second major destination, South Africa (X tons), threefold. Denmark (X tons) ranked third in terms of total exports with a 0.5% share.

From 2012 to 2022, the average annual growth rate of volume to Thailand stood at +98.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+20.8% per year) and Denmark (-39.9% per year).

In value terms, Thailand ($X) remains the key foreign market for beet-pulp and bagasse exports from Sweden, comprising 70% of total exports. The second position in the ranking was held by South Africa ($X), with a 25% share of total exports. It was followed by Denmark, with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Thailand amounted to +97.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+11.0% per year) and Denmark (-29.3% per year).

Export Prices by Country

In 2022, the average beet-pulp and bagasse export price amounted to $X per ton, falling by -18.7% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 54% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to South Africa ($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 Norway (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.

Beet-Pulp And Bagasse Imports

Imports into Sweden

In 2022, overseas purchases of beet-pulp and bagasse increased by 21% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2018 when imports increased by 37% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, beet-pulp and bagasse imports totaled $X in 2022. Overall, imports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2018 when imports increased by 37%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Denmark (X tons), Russia (X tons) and Latvia (X tons) were the main suppliers of beet-pulp and bagasse imports to Sweden, together accounting for 99% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +17.5%), while imports for the other leaders experienced a decline.

In value terms, the largest beet-pulp and bagasse suppliers to Sweden were Denmark ($X), Russia ($X) and Latvia ($X), with a combined 95% share of total imports.

In terms of the main suppliers, Denmark, with a CAGR of +11.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average beet-pulp and bagasse import price stood at $X per ton in 2022, with a decrease of -17.3% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 40% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+24.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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