Global Inulin Market 2024

Inulin Market Size

In 2021, the global inulin market increased by 0.3% to $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, continues to indicate a noticeable contraction. Over the period under review, the global market hit record highs at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Inulin Production

In value terms, inulin production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2014 when the production volume increased by 3.2% against the previous year. Over the period under review, global production reached the peak level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Inulin Exports

Exports

For the sixth consecutive year, the global market recorded growth in shipments abroad of inulin, which increased by 12% to X tons in 2021. Over the period under review, total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +71.2% against 2015 indices. The pace of growth was the most pronounced in 2013 when exports increased by 49%. Over the period under review, the global exports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, inulin exports soared to $X in 2021. Overall, total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +77.8% against 2017 indices. The pace of growth was the most pronounced in 2013 when exports increased by 48%. The global exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Belgium represented the largest exporting country with an export of around X tons, which amounted to 50% of total exports. Chile (X tons) ranks second in terms of the total exports with a 28% share, followed by Germany (6.7%). Mexico (X tons), China (X tons), Thailand (X tons) and the United States (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +59.5%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Belgium ($X) remains the largest inulin supplier worldwide, comprising 52% of global exports. The second position in the ranking was taken by Chile ($X), with a 21% share of global exports. It was followed by China, with a 6.3% share.

In Belgium, inulin exports expanded at an average annual rate of +3.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Chile (+2.3% per year) and China (+63.3% per year).

Export Prices by Country

In 2021, the average inulin export price amounted to $X per ton, growing by 12% against the previous year. Overall, the export price, however, saw a mild curtailment. The global export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+9.4%), while the other global leaders experienced more modest paces of growth.

Inulin Imports

Imports

For the sixth consecutive year, the global market recorded growth in overseas purchases of inulin, which increased by 0.6% to X tons in 2021. Overall, total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +4.6% 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 +64.5% against 2015 indices. The pace of growth was the most pronounced in 2020 with an increase of 20%. Over the period under review, global imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, inulin imports amounted to $X in 2021. Over the period under review, total imports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +66.7% against 2016 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 17% against the previous year. Over the period under review, global imports hit record highs in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, the United States (X tons), distantly followed by Germany (X tons), Indonesia (X tons) and Italy (X tons) represented the largest importers of inulin, together mixing up 44% of total imports. Canada (X tons), China (X tons), Mexico (X tons), Taiwan (Chinese) (X tons), Nigeria (X tons), Spain (X tons), Thailand (X tons), France (X tons) and Japan (X tons) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of +2.1% from 2012 to 2021. At the same time, Nigeria (+188.9%), Japan (+19.8%), China (+18.2%), Taiwan (Chinese) (+9.5%), Canada (+8.8%), Italy (+8.5%), France (+6.3%), Indonesia (+6.0%) and Thailand (+2.3%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in the world, with a CAGR of +188.9% from 2012-2021. Spain and Mexico experienced a relatively flat trend pattern. By contrast, Germany (-2.4%) illustrated a downward trend over the same period. Nigeria (+3 p.p.), China (+2.5 p.p.) and Italy (+1.5 p.p.) significantly strengthened its position in terms of the global imports, while Mexico, the United States and Germany saw its share reduced by -1.8%, -5.3% and -8.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported inulin worldwide, comprising 25% of global imports. The second position in the ranking was held by Indonesia ($X), with a 7.5% share of global imports. It was followed by Italy, with a 6.3% share.

In the United States, inulin imports expanded at an average annual rate of +1.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (+5.6% per year) and Italy (+9.5% per year).

Import Prices by Country

The average inulin import price stood at $X per ton in 2021, surging by 10% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Global import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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