U.S.: Glucose Market 2024

Glucose Market Size in the U.S.

The U.S. glucose market reached $X in 2021, increasing by 4.4% against the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Glucose Production in the U.S.

In value terms, glucose production stood at less than $X in 2021. Over the period under review, production saw a relatively flat trend pattern.

Glucose Exports

Exports from the U.S.

In 2021, overseas shipments of glucose and glucose syrup increased by 18% to X tons for the first time since 2012, thus ending a eight-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt setback. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, glucose exports surged to $X in 2021. In general, exports, however, continue to indicate a perceptible decline. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X tons), Canada (X tons) and Guatemala (X tons) were the main destinations of glucose exports from the United States, together accounting for 88% of total exports. Colombia, the Netherlands and the Philippines lagged somewhat behind, together comprising a further 4.1%.

From 2012 to 2021, the biggest increases were recorded for Colombia (with a CAGR of +4.0%), while shipments for the other leaders experienced a decline.

In value terms, Mexico ($X), Canada ($X) and Colombia ($X) constituted the largest markets for glucose exported from the United States worldwide, with a combined 86% share of total exports. Guatemala, the Netherlands and the Philippines lagged somewhat behind, together comprising a further 3.9%.

The Netherlands, with a CAGR of +7.6%, recorded the highest growth rate of the value of exports, in terms of 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, remaining relatively unchanged against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.0%. The pace of growth appeared the most rapid in 2013 an increase of 9.9% against the previous year. The export price peaked at $X per ton in 2020, and then reduced in the following year.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Canada ($X per ton) and Colombia ($X per ton), while the average price for exports to Guatemala ($X per ton) and the Philippines ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Glucose Imports

Imports into the U.S.

Glucose imports into the United States expanded significantly to X tons in 2021, with an increase of 14% on the previous year's figure. The total import volume increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when imports increased by 21% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, glucose imports soared to $X in 2021. The total import value increased at an average annual rate of +6.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Canada (X tons) constituted the largest glucose supplier to the United States, accounting for a 54% share of total imports. Moreover, glucose imports from Canada exceeded the figures recorded by the second-largest supplier, Pakistan (X tons), fourfold. Thailand (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Canada was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+7.8% per year) and Thailand (+26.5% per year).

In value terms, the largest glucose suppliers to the United States were Canada ($X), Pakistan ($X) and Thailand ($X), together accounting for 61% of total imports. Vietnam, Mexico, France, Indonesia and Italy lagged somewhat behind, together comprising a further 24%.

Vietnam, with a CAGR of +117.1%, saw the highest growth rate of 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, surging by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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