United Kingdom: Beet-Pulp And Bagasse Market 2024

Beet-Pulp And Bagasse Market Size in the UK

The UK beet-pulp and bagasse market dropped to $X in 2022, waning by -5.5% against the previous year. Over the period under review, consumption recorded a pronounced downturn. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Beet-Pulp And Bagasse Production in the UK

In value terms, beet-pulp and bagasse production reduced to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2013 when the production volume increased by 43% against the previous year. Beet-pulp and bagasse production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Beet-Pulp And Bagasse Exports

Exports from the UK

In 2022, the amount of beet-pulp and bagasse exported from the UK soared to X tons, rising by 17% on the previous year. In general, exports showed a resilient increase. The pace of growth appeared the most rapid in 2019 when exports increased by 127%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, beet-pulp and bagasse exports surged to $X in 2022. Overall, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 95%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons) was the main destination for beet-pulp and bagasse exports from the UK, accounting for a 54% share of total exports. Moreover, beet-pulp and bagasse exports to the United States exceeded the volume sent to the second major destination, Russia (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +3,177.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (0.0% per year) and Ireland (-9.1% per year).

In value terms, the United States ($X) emerged as the key foreign market for beet-pulp and bagasse exports from the UK, comprising 61% of total exports. The second position in the ranking was taken by Russia ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +3,162.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (0.0% per year) and Ireland (-14.5% per year).

Export Prices by Country

In 2022, the average beet-pulp and bagasse export price amounted to $X per ton, surging by 5.5% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 39% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

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 the United States ($X per ton), while the average price for exports to Ireland ($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 the United States (-0.6%).

Beet-Pulp And Bagasse Imports

Imports into the UK

In 2022, the amount of beet-pulp and bagasse imported into the UK expanded sharply to X tons, picking up by 5.6% against the previous year's figure. In general, imports, however, saw a slight slump. The most prominent rate of growth was recorded in 2015 when imports increased by 87%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, beet-pulp and bagasse imports soared to $X in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 40% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Russia (X tons), the United States (X tons) and Ireland (X tons) were the main suppliers of beet-pulp and bagasse imports to the UK, together comprising 73% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +137.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest beet-pulp and bagasse suppliers to the UK were the United States ($X), Russia ($X) and Ireland ($X), together comprising 72% of total imports.

Among the main suppliers, the United States, with a CAGR of +136.1%, saw 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 30% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% 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 +50.6% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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