Spain: Beet-Pulp And Bagasse Market 2023

Beet-Pulp And Bagasse Market Size in Spain

The Spanish beet-pulp and bagasse market reduced dramatically to $X in 2021, falling by -78.7% against the previous year. Overall, consumption faced a abrupt slump. Beet-pulp and bagasse consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Beet-Pulp And Bagasse Production in Spain

In value terms, beet-pulp and bagasse production shrank notably to $X in 2021 estimated in export price. In general, production recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 33% against the previous year. Beet-pulp and bagasse production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Beet-Pulp And Bagasse Exports

Exports from Spain

In 2021, the amount of beet-pulp and bagasse exported from Spain soared to X tons, with an increase of 130% on the previous year. Overall, exports saw a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of 133%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, beet-pulp and bagasse exports skyrocketed to $X in 2021. Over the period under review, exports saw a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Jamaica (X tons), Portugal (X tons) and France (X tons) were the main destinations of beet-pulp and bagasse exports from Spain, with a combined 98% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Jamaica (with a CAGR of +179.6%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for beet-pulp and bagasse exported from Spain were Jamaica ($X), Portugal ($X) and France ($X), together accounting for 97% of total exports.

Jamaica, with a CAGR of +197.6%, recorded 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, growing by 50% against the previous year. In general, the export price showed a noticeable increase. The pace of growth was the most pronounced in 2018 an increase of 53% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Jamaica ($X per ton), while the average price for exports to France ($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 Poland (+37.7%), while the prices for the other major destinations experienced more modest paces of growth.

Beet-Pulp And Bagasse Imports

Imports into Spain

Beet-pulp and bagasse imports into Spain expanded slightly to X tons in 2021, increasing by 4.2% against the previous year. Over the period under review, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.1% 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 +31.2% against 2017 indices. The pace of growth appeared the most rapid in 2015 with an increase of 48%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, beet-pulp and bagasse imports skyrocketed to $X in 2021. Overall, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 61% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Russia (X tons) constituted the largest beet-pulp and bagasse supplier to Spain, accounting for a 77% share of total imports. Moreover, beet-pulp and bagasse imports from Russia exceeded the figures recorded by the second-largest supplier, Egypt (X tons), sixfold. The third position in this ranking was taken by Portugal (X tons), with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia stood at +15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (-5.2% per year) and Portugal (+19.2% per year).

In value terms, Russia ($X) constituted the largest supplier of beet-pulp and bagasse to Spain, comprising 80% of total imports. The second position in the ranking was held by Egypt ($X), with a 14% share of total imports. It was followed by Belarus, with a 2% share.

From 2012 to 2021, the average annual growth rate of value from Russia stood at +15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (-3.3% per year) and Belarus (+24.1% per year).

Import Prices by Country

The average beet-pulp and bagasse import price stood at $X per ton in 2021, rising by 26% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 31%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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