Europe: Glucose Market 2024

Glucose Market Size in Europe

In 2022, the Europe glucose market increased by X% to $X, rising for the second year in a row after four years of decline. Overall, consumption saw buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Glucose Production in Europe

In value terms, glucose production reached $X in 2022 estimated in export price. Overall, production, however, continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Glucose Exports

Exports in Europe

For the fourth consecutive year, Europe recorded growth in shipments abroad of glucose and glucose syrup, which increased by X% to X tons in 2022. In general, exports recorded a remarkable increase. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, glucose exports soared to $X in 2022. Overall, exports showed a strong expansion. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Exports by Country

In 2022, France (X tons) represented the key exporter of glucose and glucose syrup, comprising X% of total exports. North Macedonia (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Hungary (X%), the Netherlands (X%), Germany (X%) and Italy (X%). Austria (X tons), Bulgaria (X tons), Slovakia (X tons), Lithuania (X tons), Poland (X tons) and Russia (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to glucose exports from France stood at X%. At the same time, North Macedonia (X%), Lithuania (X%), Austria (X%), Russia (X%), Poland (X%), Bulgaria (X%), Hungary (X%) and Germany (X%) displayed positive paces of growth. Moreover, North Macedonia emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. Italy experienced a relatively flat trend pattern. By contrast, the Netherlands (X%) and Slovakia (X%) illustrated a downward trend over the same period. France (X p.p.), North Macedonia (X p.p.), Lithuania (X p.p.) and Austria (X p.p.) significantly strengthened its position in terms of the total exports, while Bulgaria, Hungary, Germany, Slovakia, Italy and the Netherlands saw its share reduced by X%, X%, X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in France totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (X% per year) and Hungary (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, saw a perceptible decrease. The pace of growth was the most pronounced in 2021 an increase of X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced more modest paces of growth.

Glucose Imports

Imports in Europe

In 2022, overseas purchases of glucose and glucose syrup increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports saw a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, glucose imports soared to $X in 2022. Overall, imports showed a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

North Macedonia prevails in imports structure, finishing at X tons, which was near X% of total imports in 2022. Germany (X tons) held the second position in the ranking, followed by the Netherlands (X tons) and Belgium (X tons). All these countries together held approx. X% share of total imports. France (X tons), the UK (X tons) and Poland (X tons) followed a long way behind the leaders.

North Macedonia was also the fastest-growing in terms of the glucose and glucose syrup imports, with a CAGR of X% from 2012 to 2022. At the same time, the Netherlands (X%) displayed positive paces of growth. Germany experienced a relatively flat trend pattern. By contrast, Belgium (X%), France (X%), Poland (X%) and the UK (X%) illustrated a downward trend over the same period. North Macedonia (X p.p.) significantly strengthened its position in terms of the total imports, while Poland, France, the Netherlands, the UK, Belgium and Germany saw its share reduced by X%, X%, X%, X%, X% and X% from 2012 to 2022, respectively.

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

In Germany, glucose imports expanded at an average annual rate of X% over the period from 2012-2022. 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 2022, the import price in Europe amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while North Macedonia ($X per ton) was amongst the lowest.

From 2012 to 2022, 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

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