Europe: Glucose Market 2024

Glucose Market Size in Europe

In 2023, the Europe glucose market increased by X% to $X, rising for the fourth year in a row after seven years of decline. In general, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Glucose Production in Europe

In value terms, glucose production skyrocketed to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Glucose Exports

Exports in Europe

In 2023, overseas shipments of glucose and glucose syrup decreased by X% to X tons for the first time since 2018, thus ending a four-year rising trend. Overall, exports, however, enjoyed moderate 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 at X tons in 2022, and then declined in the following year.

In value terms, glucose exports skyrocketed to $X in 2023. In general, exports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked in 2023 and is likely to see steady growth in years to come.

Exports by Country

In 2023, France (X tons) represented the major exporter of glucose and glucose syrup, constituting X% of total exports. The Netherlands (X tons) ranks second in terms of the total exports with a X% share, followed by Hungary (X%), Italy (X%) and Germany (X%). The following exporters - Poland (X tons), Lithuania (X tons), Bulgaria (X tons), Slovakia (X tons), Spain (X tons) and Russia (X tons) - together made up X% 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%), Russia (X%), Poland (X%) and Bulgaria (X%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2023. Hungary and Spain experienced a relatively flat trend pattern. By contrast, Germany (X%), Italy (X%), the Netherlands (X%) and Slovakia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of France, Lithuania and Poland 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, France ($X) remains the largest glucose supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

In France, glucose exports increased 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

The export price in Europe stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, the export price enjoyed a tangible expansion. 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 Spain ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Glucose Imports

Imports in Europe

In 2023, after two years of growth, there was significant decline in overseas purchases of glucose and glucose syrup, when their volume decreased by X% to X tons. Over the period under review, imports showed a slight slump. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2022, and then reduced sharply in the following year.

In value terms, glucose imports skyrocketed to $X in 2023. In general, imports, however, posted temperate growth. As a result, imports attained 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), the UK (X tons) and Poland (X tons) represented the key importers of glucose and glucose syrup, together achieving X% of total imports. The following importers - Spain (X tons), Italy (X tons), Denmark (X tons), the Czech Republic (X tons), Austria (X tons), Finland (X tons) and Switzerland (X tons) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main 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 ($X) constitutes the largest market for imported glucose and glucose syrup in Europe, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an X% share of total imports. It was followed by Belgium, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Germany amounted to 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 Europe amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price showed 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 the UK ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform