Europe: Inulin Market 2024

Inulin Market Size in Europe

The Europe inulin market reduced to $X in 2023, shrinking by X% against the previous year. In general, consumption recorded a perceptible curtailment. The level of consumption peaked at $X in 2015; however, from 2016 to 2023, consumption stood at a somewhat lower figure.

Inulin Production in Europe

In value terms, inulin production declined modestly to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2023, production growth failed to regain momentum.

Inulin Exports

Exports in Europe

In 2023, approx. X tons of inulin were exported in Europe; growing by X% on the previous year's figure. Total exports indicated a strong increase from 2012 to 2023: its volume 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, exports increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The volume of export peaked in 2023 and is likely to continue growth in the immediate term.

In value terms, inulin exports expanded rapidly to $X in 2023. Total exports indicated a noticeable expansion from 2012 to 2023: its value 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, exports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the near future.

Exports by Country

Belgium (X tons) and the Netherlands (X tons) prevails in exports structure, together committing X% of total exports. It was distantly followed by Germany (X tons), making up a X% share of total exports.

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

In value terms, Belgium ($X) remains the largest inulin supplier in Europe, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports.

In Belgium, inulin exports remained relatively stable over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Germany (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2023, declining by X% against the previous year. Overall, the export price saw a mild setback. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced a decline in the export price figures.

Inulin Imports

Imports in Europe

After six years of growth, overseas purchases of inulin decreased by X% to X tons in 2023. In general, imports, however, continue to indicate perceptible growth. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2022, and then fell significantly in the following year.

In value terms, inulin imports contracted to $X in 2023. Total imports indicated a measured increase 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. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports hit record highs at $X in 2022, and then shrank in the following year.

Imports by Country

Germany was the major importing country with an import of about X tons, which amounted to X% of total imports. Italy (X tons) took the second position in the ranking, followed by France (X tons), the Netherlands (X tons), the UK (X tons) and Spain (X tons). All these countries together held approx. X% share of total imports. Poland (X tons), Russia (X tons), Denmark (X tons), the Czech Republic (X tons), Hungary (X tons), Switzerland (X tons) and Portugal (X tons) followed a long way behind the leaders.

Germany experienced a relatively flat trend pattern with regard to volume of imports of inulin. At the same time, the Netherlands (X%), Hungary (X%), Poland (X%), the UK (X%), Portugal (X%), Russia (X%), the Czech Republic (X%), Denmark (X%), Italy (X%), France (X%) and Switzerland (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2023. By contrast, Spain (X%) illustrated a downward trend over the same period. The Netherlands (X p.p.), Poland (X p.p.), the UK (X p.p.) and Hungary (X p.p.) significantly strengthened its position in terms of the total imports, while Spain and Germany saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest inulin importing markets in Europe were Italy ($X), Germany ($X) and France ($X), with a combined X% share of total imports. The UK, the Netherlands, Spain, Poland, Russia, Denmark, Switzerland, the Czech Republic, Hungary and Portugal lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The import price in Europe stood at $X per ton in 2023, increasing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2023, import prices remained at a lower figure.

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 Russia ($X per ton), while Germany ($X per ton) was amongst the lowest.

From 2012 to 2023, 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.

Source: IndexBox Platform