Eastern Europe: Inulin Market 2024

Inulin Market Size in Eastern Europe

The East European inulin market totaled $X in 2023, almost unchanged from the previous year. Over the period under review, consumption saw a noticeable shrinkage. The level of consumption peaked at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Inulin Production in Eastern Europe

In value terms, inulin production fell modestly to $X in 2023 estimated in export price. Overall, production recorded a pronounced descent. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2023, production growth failed to regain momentum.

Inulin Exports

Exports in Eastern Europe

In 2023, overseas shipments of inulin were finally on the rise to reach X tons for the first time since 2018, thus ending a four-year declining trend. Overall, exports enjoyed a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, inulin exports surged to $X in 2023. Over the period under review, exports continue to indicate resilient growth. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

Exports by Country

Lithuania (X tons), Poland (X tons), Russia (X tons), the Czech Republic (X tons) and Hungary (X tons) represented roughly X% of total exports in 2023. It was distantly followed by Slovakia (X tons), generating a X% share of total exports. Bulgaria (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Slovakia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

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

Among the main exporting countries, Slovakia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, 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, rising by X% against the previous year. Export price indicated a pronounced expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, inulin export price increased by X% against 2019 indices. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the export prices attained the peak figure in 2023 and is likely to continue growth in the near future.

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

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

Inulin Imports

Imports in Eastern Europe

In 2023, the amount of inulin imported in Eastern Europe reduced modestly to X tons, remaining stable against 2022. Overall, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2023, imports failed to regain momentum.

In value terms, inulin imports rose sharply to $X in 2023. Over the period under review, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2023 and are expected to retain growth in the immediate term.

Imports by Country

Poland (X tons) and Russia (X tons) represented roughly X% of total imports in 2023. The Czech Republic (X tons) held the next position in the ranking, followed by Hungary (X tons) and Bulgaria (X tons). All these countries together took near X% share of total imports. The following importers - Romania (X tons) and Slovakia (X tons) - each amounted to a X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Hungary (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and the Czech Republic ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Hungary, Bulgaria, Romania and Slovakia lagged somewhat behind, together accounting for a further X%.

Hungary, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs in 2023 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Russia ($X per ton) and Romania ($X per ton), while Hungary ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform