Glucose Market Overview in the European Union
In value terms, glucose production rose rapidly to $ in estimated in export prices. Over the period under review, production showed a noticeable reduction. The pace of growth appeared the most rapid in 2011 with an increase of % y-o-y. The level of production peaked at $ in 2013; however, from 2014 to , production remained at a lower figure.
France ( tonnes) remains the largest glucose producing country in the European Union, accounting for % of total volume. Moreover, glucose production in France exceeded the figures recorded by the second-largest producer, Belgium ( tonnes), threefold. The third position in this ranking was occupied by Hungary ( tonnes), with a % share.
In France, glucose production decreased by an average annual rate of -% over the period from 2007-. The remaining producing countries recorded the following average annual rates of production growth: Belgium (-% per year) and Hungary (+% per year).
The value of the glucose market in the European Union soared to $ in , rising by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the market value increased by % against the previous year. The level of consumption peaked at $ in 2013; however, from 2014 to , consumption failed to regain the momentum.
From 2007 to , the biggest increases were in Belgium, while glucose consumption for the other leaders experienced more modest paces of growth.
In value terms, France ($), Germany ($) and Belgium ($) appeared to be the countries with the highest levels of market value in , with a combined % share of the total market.
In terms of the main consuming countries, Belgium recorded the highest growth rate of market size, over the period under review, while glucose market for the other leaders experienced more modest paces of growth.
In , the highest levels of glucose per capita consumption was registered in Belgium ( kg per person), followed by Austria ( kg per person), Denmark ( kg per person) and Sweden ( kg per person), while the world average per capita consumption of glucose was estimated at kg per person.
In Belgium, glucose per capita consumption expanded at an average annual rate of +% over the period from 2007-. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Austria (+% per year) and Denmark (-% per year).