Belgium: Beet-Pulp And Bagasse Market 2023

Beet-Pulp And Bagasse Market Size in Belgium

The Belgian beet-pulp and bagasse market contracted slightly to $X in 2021, waning by -1.8% against the previous year. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Beet-Pulp And Bagasse Production in Belgium

In value terms, beet-pulp and bagasse production rose markedly to $X in 2021 estimated in export price. In general, the total production indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +14.4% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 57%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Beet-Pulp And Bagasse Exports

Exports from Belgium

In 2021, shipments abroad of beet-pulp and bagasse increased by 20% to X tons, rising for the third year in a row after two years of decline. Overall, total exports indicated a modest increase from 2012 to 2021: its volume increased at an average annual rate of +1.6% 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 +73.0% against 2018 indices. The pace of growth was the most pronounced in 2020 when exports increased by 37% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, beet-pulp and bagasse exports declined notably to $X in 2021. In general, exports, however, showed a slight descent. The pace of growth appeared the most rapid in 2020 when exports increased by 237% against the previous year. As a result, the exports attained the peak of $X, and then shrank notably in the following year.

Exports by Country

France (X tons), the Netherlands (X tons) and Hungary (X tons) were the main destinations of beet-pulp and bagasse exports from Belgium, together accounting for 97% of total exports.

From 2012 to 2021, the biggest increases were in Hungary (with a CAGR of +60.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and Hungary ($X) appeared to be the largest markets for beet-pulp and bagasse exported from Belgium worldwide, with a combined 93% share of total exports.

Hungary, with a CAGR of +62.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average beet-pulp and bagasse export price amounted to $X per ton, waning by -47.4% against the previous year. Overall, the export price saw a noticeable decline. The growth pace was the most rapid in 2020 an increase of 146% against the previous year. As a result, the export price reached the peak level of $X per ton, and then contracted dramatically in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Finland ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+41.9%), while the prices for the other major destinations experienced more modest paces of growth.

Beet-Pulp And Bagasse Imports

Imports into Belgium

In 2021, imports of beet-pulp and bagasse into Belgium fell to X tons, dropping by -9.9% against 2020. Overall, total imports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +2.5% 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 +47.8% against 2014 indices. The growth pace was the most rapid in 2018 when imports increased by 38% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then fell in the following year.

In value terms, beet-pulp and bagasse imports shrank significantly to $X in 2021. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 67%. As a result, imports attained the peak of $X, and then dropped rapidly in the following year.

Imports by Country

France (X tons), the Netherlands (X tons) and Russia (X tons) were the main suppliers of beet-pulp and bagasse imports to Belgium, with a combined 96% share of total imports.

From 2012 to 2021, the biggest increases were in Russia (with a CAGR of +146.3%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, France ($X) constituted the largest supplier of beet-pulp and bagasse to Belgium, comprising 49% of total imports. The second position in the ranking was held by Russia ($X), with a 22% share of total imports. It was followed by the Netherlands, with a 22% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France stood at -5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+118.3% per year) and the Netherlands (+7.1% per year).

Import Prices by Country

In 2021, the average beet-pulp and bagasse import price amounted to $X per ton, shrinking by -11.4% against the previous year. Overall, the import price recorded a noticeable reduction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 30%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Russia ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (-2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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