Global Fructose Market 2024

Fructose Market Size

In 2021, the global fructose market increased by 1.4% to $X, rising for the second year in a row after four years of decline. In general, consumption, however, showed a perceptible shrinkage. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the global market remained at a lower figure.

Fructose Production

In value terms, fructose production expanded modestly to $X in 2021 estimated in export price. Overall, production, however, showed a slight downturn. The growth pace was the most rapid in 2015 with an increase of 14% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, global production growth remained at a somewhat lower figure.

Fructose Exports

Exports

Global fructose exports was estimated at X tons in 2021, with an increase of 7.9% compared with the previous year. The total export volume increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 12% against the previous year. Over the period under review, the global exports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, fructose exports soared to $X in 2021. The total export value 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. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, the United States (X tons), distantly followed by Thailand (X tons), China (X tons), Turkey (X tons) and France (X tons) were the key exporters of fructose and fructose syrup, together comprising 66% of total exports. The Netherlands (X tons), Hungary (X tons), Belgium (X tons), Germany (X tons), Malaysia (X tons), South Korea (X tons), Bulgaria (X tons) and Canada (X tons) followed a long way behind the leaders.

Exports from the United States decreased at an average annual rate of -4.3% from 2012 to 2021. At the same time, Thailand (+44.7%), Turkey (+27.2%), France (+16.4%), Malaysia (+15.9%), the Netherlands (+9.9%), Germany (+8.8%), Hungary (+6.4%), South Korea (+5.5%), Bulgaria (+4.2%), China (+2.5%) and Belgium (+1.7%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of +44.7% from 2012-2021. By contrast, Canada (-3.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Thailand, Turkey, France and the Netherlands increased by +12, +7.6, +4.9 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest fructose supplying countries worldwide were the United States ($X), China ($X) and France ($X), together comprising 39% of global exports. The Netherlands, Thailand, Turkey, Belgium, Germany, Malaysia, South Korea, Hungary, Canada and Bulgaria lagged somewhat behind, together comprising a further 38%.

Among the main exporting countries, Thailand, with a CAGR of +30.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average fructose export price stood at $X per ton in 2021, with an increase of 8.7% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 10% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.5%), while the other global leaders experienced more modest paces of growth.

Fructose Imports

Imports

In 2021, global imports of fructose and fructose syrup expanded to X tons, surging by 2.4% compared with the previous year. Overall, total imports indicated a modest increase from 2012 to 2021: its volume increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +51.1% against 2018 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 40%. Over the period under review, global imports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, fructose imports stood at $X in 2021. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 13%. Over the period under review, global imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

Mexico (X tons) and China (X tons) represented the main importers of fructose and fructose syrup in 2021, accounting for approx. 19% and 17% of total imports, respectively. The United States (X tons) took the next position in the ranking, followed by Germany (X tons). All these countries together took near 12% share of total imports. Indonesia (X tons), the Netherlands (X tons), Canada (X tons), France (X tons), the Philippines (X tons), Belgium (X tons), Malaysia (X tons), Thailand (X tons) and Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +54.0%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest fructose importing markets worldwide were Mexico ($X), China ($X) and the United States ($X), together accounting for 28% of global imports.

Among the main importing countries, China, with a CAGR of +30.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average fructose import price stood at $X per ton in 2021, with an increase of 1.7% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 25% against the previous year. Global import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Mexico ($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 (+7.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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