EU: Glucose Market 2024

Glucose Market Size in the EU

The EU glucose market surged to $X in 2023, picking up by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Glucose Production in the EU

In value terms, glucose production skyrocketed to $X in 2023 estimated in export price. The total production indicated a mild expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2019 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Glucose Exports

Exports in the EU

In 2023, shipments abroad of glucose and glucose syrup decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, exports, however, showed a moderate expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked at X tons in 2022, and then declined in the following year.

In value terms, glucose exports skyrocketed to $X in 2023. Overall, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2023 and are likely to see gradual growth in years to come.

Exports by Country

France was the main exporting country with an export of about X tons, which accounted for X% of total exports. The Netherlands (X tons) ranks second in terms of the total exports with an X% share, followed by Hungary (X%), Italy (X%) and Germany (X%). The following exporters - Poland (X tons) and Lithuania (X tons) - each accounted for an X% share of total exports.

France experienced a relatively flat trend pattern with regard to volume of exports of glucose and glucose syrup. At the same time, Lithuania (X%) and Poland (X%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. Hungary experienced a relatively flat trend pattern. By contrast, Germany (X%), Italy (X%) and the Netherlands (X%) illustrated a downward trend over the same period. While the share of France (X p.p.), Lithuania (X p.p.) and Poland (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Hungary (X p.p.), Germany (X p.p.), Italy (X p.p.) and the Netherlands (X p.p.) displayed negative dynamics.

In value terms, France ($X) remains the largest glucose supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with an X% share of total exports. It was followed by the Netherlands, with a X% share.

In France, glucose exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Germany (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price posted a pronounced increase. As a result, the export 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 exporting countries. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per ton), while France ($X per ton) was amongst the lowest.

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

Glucose Imports

Imports in the EU

After two years of growth, purchases abroad of glucose and glucose syrup decreased by X% to X tons in 2023. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2022, and then plummeted in the following year.

In value terms, glucose imports soared to $X in 2023. Overall, imports, however, enjoyed a measured increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, Germany (X tons), distantly followed by the Netherlands (X tons), Belgium (X tons), France (X tons) and Poland (X tons) represented the key importers of glucose and glucose syrup, together constituting X% of total imports. Spain (X tons), Italy (X tons), Denmark (X tons), the Czech Republic (X tons), Austria (X tons), Finland (X tons), Greece (X tons) and Sweden (X tons) took a relatively small share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported glucose and glucose syrup in the European Union, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Germany totaled X%. In the other countries, the average annual rates were as follows: the Netherlands (X% per year) and Belgium (X% per year).

Import Prices by Country

In 2023, the import price in the European Union amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price posted moderate 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 Sweden ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform