Eastern Europe: Cane Molasses Market 2024

Cane Molasses Market Size in Eastern Europe

The East European cane molasses market declined markedly to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Cane Molasses Production in Eastern Europe

In value terms, cane molasses production shrank to $X in 2022 estimated in export price. Overall, production, however, posted resilient growth. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Cane Molasses Exports

Exports in Eastern Europe

In 2022, approx. X tons of cane molasses were exported in Eastern Europe; jumping by X% on the previous year's figure. In general, exports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cane molasses exports surged to $X in 2022. Overall, exports saw a resilient increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

The Czech Republic was the main exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by Romania (X tons), generating a X% share of total exports.

The Czech Republic was also the fastest-growing in terms of the cane molasses exports, with a CAGR of X% from 2012 to 2022. At the same time, Romania (X%) displayed positive paces of growth. While the share of the Czech Republic (X p.p.) and Romania (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X) remains the largest cane molasses supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Romania ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the Czech Republic totaled X%.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price enjoyed strong growth. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Romania totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (X%).

Cane Molasses Imports

Imports in Eastern Europe

In 2022, purchases abroad of cane molasses increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports, however, continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, cane molasses imports reached $X in 2022. In general, imports enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the four major importers of cane molasses, namely Bulgaria, Russia, Poland and Slovakia, represented more than two-thirds of total import. It was distantly followed by the Czech Republic (X tons), constituting a X% share of total imports. Latvia (X tons) held a little share of total imports.

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

In value terms, Poland ($X) constitutes the largest market for imported cane molasses in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Slovakia ($X), with a X% share of total imports. It was followed by Russia, with a X% share.

In Poland, cane molasses imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Slovakia (X% per year) and Russia (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, shrinking by X% against the previous year. In general, the import price, however, continues to indicate strong growth. The growth pace was the most rapid in 2018 when the import price increased by X%. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a 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 Poland ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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