Eastern Europe: Glucose Market 2024

Glucose Market Size in Eastern Europe

In 2023, the East European glucose market increased by X% to $X, rising for the fourth year in a row after seven years of decline. Over the period under review, consumption recorded a mild slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Glucose Production in Eastern Europe

In value terms, glucose production surged to $X in 2023 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Glucose Exports

Exports in Eastern Europe

In 2023, overseas shipments of glucose and glucose syrup decreased by X% to X tons, falling for the second year in a row after three years of growth. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, glucose exports surged to $X in 2023. In general, exports, however, recorded a strong increase. The pace of growth was the most pronounced in 2022 when exports increased by X%. The level of export peaked in 2023 and is likely to see gradual growth in years to come.

Exports by Country

In 2023, Hungary (X tons) was the key exporter of glucose and glucose syrup, generating X% of total exports. Poland (X tons) took the second position in the ranking, followed by Lithuania (X tons), Bulgaria (X tons), Slovakia (X tons) and Russia (X tons). All these countries together took near X% share of total exports.

Hungary experienced a relatively flat trend pattern with regard to volume of exports of glucose and glucose syrup. At the same time, Lithuania (X%), Russia (X%), Poland (X%) and Bulgaria (X%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Slovakia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Lithuania, Poland and Russia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest glucose supplying countries in Eastern Europe were Hungary ($X), Bulgaria ($X) and Poland ($X), together accounting for X% of total exports. Lithuania, Slovakia and Russia lagged somewhat behind, together comprising a further X%.

Lithuania, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price saw a moderate increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bulgaria (X%), while the other leaders experienced more modest paces of growth.

Glucose Imports

Imports in Eastern Europe

In 2023, supplies from abroad of glucose and glucose syrup decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports saw a perceptible curtailment. The pace of growth was the most pronounced in 2021 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, glucose imports surged to $X in 2023. In general, imports, however, posted a slight increase. The pace of growth was the most pronounced in 2022 when imports increased by X%. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

Imports by Country

In 2023, Poland (X tons) and the Czech Republic (X tons) were the largest importers of glucose and glucose syrup in Eastern Europe, together mixing up X% of total imports. Russia (X tons) held the next position in the ranking, followed by Slovakia (X tons) and Romania (X tons). All these countries together took near X% share of total imports. Belarus (X tons), Lithuania (X tons) and Bulgaria (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Belarus (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest glucose importing markets in Eastern Europe were Poland ($X), the Czech Republic ($X) and Slovakia ($X), with a combined X% share of total imports.

Among the main importing countries, Slovakia, with a CAGR of X%, recorded the highest rates of growth with regard to 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 import price in Eastern Europe stood at $X per ton in 2023, jumping by X% against the previous year. In general, the import price posted noticeable growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Poland ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Slovakia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform