Austria: Non-Cane Molasses Market 2024

Non-Cane Molasses Market Size in Austria

The Austrian non-cane molasses market declined rapidly to $X in 2022, with a decrease of X% against the previous year. Over the period under review, the total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Non-Cane Molasses Production in Austria

In value terms, non-cane molasses production dropped to $X in 2022 estimated in export price. In general, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

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Non-Cane Molasses Exports

Exports from Austria

In 2022, after five years of decline, there was significant growth in shipments abroad of molasses (excluding cane molasses), when their volume increased by X% to X tons. Over the period under review, exports showed a significant expansion. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-cane molasses exports soared to $X in 2022. In general, exports posted significant growth. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Hungary (X tons), Italy (X tons) and the Czech Republic (X tons) were the main destinations of non-cane molasses exports from Austria, together comprising X% of total exports. Slovenia, Switzerland and Germany lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-cane molasses exported from Austria were Hungary ($X), Italy ($X) and the Czech Republic ($X), together accounting for X% of total exports. Switzerland, Slovenia and Germany lagged somewhat behind, together accounting for a further X%.

Switzerland, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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

The average non-cane molasses export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price saw a perceptible increase. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Cane Molasses Imports

Imports into Austria

In 2022, after five years of growth, there was significant decline in supplies from abroad of molasses (excluding cane molasses), when their volume decreased by X% to X tons. Overall, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then dropped remarkably in the following year.

In value terms, non-cane molasses imports reduced to $X in 2022. In general, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of non-cane molasses to Austria, with a X% share of total imports. Moreover, non-cane molasses imports from Germany exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), threefold. The third position in this ranking was held by Slovakia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (X% per year) and Slovakia (X% per year).

In value terms, Germany ($X) constituted the largest supplier of molasses (excluding cane molasses) to Austria, comprising X% of total imports. The second position in the ranking was held by Switzerland ($X), with a X% share of total imports. It was followed by Slovakia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (X% per year) and Slovakia (X% per year).

Import Prices by Country

In 2022, the average non-cane molasses import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a mild descent. The pace of growth was the most pronounced in 2016 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Slovakia ($X per ton) and the Czech Republic ($X per ton), while the price for Germany ($X per ton) and Switzerland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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