Report Update Nov 1, 2024

United Kingdom - Glucose and Glucose Syrup - Market Analysis, Forecast, Size, Trends and Insights

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United Kingdom: Glucose Market 2024

Glucose Market Size in the UK

In 2021, the UK glucose market increased by 20% to $X for the first time since 2016, thus ending a four-year declining trend. Overall, consumption, however, recorded a pronounced reduction. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Glucose Production in the UK

In value terms, glucose production stood at less than $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern.

Glucose Exports

Exports from the UK

In 2021, overseas shipments of glucose and glucose syrup decreased by -76.9% to X tons, falling for the sixth consecutive year after four years of growth. Over the period under review, exports faced a deep reduction. The growth pace was the most rapid in 2015 when exports increased by 33% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, glucose exports shrank notably to $X in 2021. Overall, exports showed a abrupt decrease. The pace of growth was the most pronounced in 2013 with an increase of 17%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ireland (X tons) was the main destination for glucose exports from the UK, accounting for a 65% share of total exports. Moreover, glucose exports to Ireland exceeded the volume sent to the second major destination, Belgium (X tons), fourfold. The Netherlands (X tons) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ireland totaled -15.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+9.0% per year) and the Netherlands (-17.6% per year).

In value terms, Ireland ($X) remains the key foreign market for glucose and glucose syrup exports from the UK, comprising 30% of total exports. The second position in the ranking was held by the United States ($X), with a 14% share of total exports. It was followed by the Netherlands, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ireland totaled -15.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+24.9% per year) and the Netherlands (-8.3% per year).

Export Prices by Country

The average glucose export price stood at $X per ton in 2021, increasing by 108% against the previous year. In general, the export price showed a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Glucose Imports

Imports into the UK

In 2021, purchases abroad of glucose and glucose syrup was finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 6.4%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, glucose imports totaled $X in 2021. In general, imports, however, showed a perceptible decline. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Belgium (X tons), France (X tons) and Germany (X tons) were the main suppliers of glucose imports to the UK, together accounting for 90% of total imports. These countries were followed by Italy and the Netherlands, which together accounted for a further 6.3%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +20.2%), while imports for the other leaders experienced a decline.

In value terms, Belgium ($X), France ($X) and Germany ($X) constituted the largest glucose suppliers to the UK, with a combined 87% share of total imports. Italy and the Netherlands lagged somewhat behind, together accounting for a further 6.6%.

In terms of the main suppliers, Italy, with a CAGR of +17.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average glucose import price stood at $X per ton in 2021, rising by 8.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2018 an increase of 11%. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Germany ($X per ton) and Italy ($X per ton), while the price for France ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for glucose and glucose syrup in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 41% of global consumption. These countries were followed by Pakistan, Russia, Indonesia, Brazil, France, Mexico, Belgium, Germany, the UK and Canada, which together accounted for a further 32%.

What are the largest producers of glucose and glucose syrup in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 46% of global production.

What are the leading suppliers of glucose and glucose syrup to the UK?

In value terms, Belgium, France and Germany constituted the largest glucose suppliers to the UK, with a combined 87% share of total imports. Italy and the Netherlands lagged somewhat behind, together comprising a further 6.6%.

What are the leading importers of glucose and glucose syrup from the UK?

In value terms, Ireland remains the key foreign market for glucose exports from the UK, comprising 29% of total exports. The second position in the ranking was occupied by the United States, with a 14% share of total exports. It was followed by the Netherlands, with a 6.9% share.

What is the average export price for glucose and glucose syrup in the UK?

In 2021, the average glucose export price amounted to $1,285 per ton, with an increase of 87% against the previous year.

What is the average import price for glucose and glucose syrup in the UK?

The average glucose import price stood at $571 per ton in 2021, increasing by 14% against the previous year.

This report provides an in-depth analysis of the glucose market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10621310 - Glucose and glucose syrup (excluding with added flavouring or colouring matter)

Country coverage:

United Kingdom

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the UK
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023