Eastern Europe: Molasse Market 2024

Molasse Market Size in Eastern Europe

The East European molasse market expanded to $X in 2022, increasing by X% against the previous year. Overall, consumption recorded a slight reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Molasse Production in Eastern Europe

In value terms, molasse production rose rapidly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Molasse Exports

Exports in Eastern Europe

In 2022, shipments abroad of molasses was finally on the rise to reach X tons after three years of decline. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, molasse exports surged to $X in 2022. Total exports indicated a modest 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, exports increased by X% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia was the largest exporter of molasses in Eastern Europe, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Belarus (X tons), Poland (X tons) and Ukraine (X tons), together committing a X% share of total exports. Latvia (X tons), Slovakia (X tons) and Lithuania (X tons) followed a long way behind the leaders.

Russia experienced a relatively flat trend pattern with regard to volume of exports of molasses. At the same time, Latvia (X%), Belarus (X%), Poland (X%) and Slovakia (X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Lithuania (X%) and Ukraine (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belarus, Poland and Latvia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), Poland ($X) and Belarus ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Slovakia, Ukraine, Latvia and Lithuania lagged somewhat behind, together comprising a further X%.

Latvia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, with an increase of X% against the previous year. Export price indicated modest growth from 2012 to 2022: its price 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, molasse export price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2020 when the export price increased by X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Poland ($X per ton), while Latvia ($X per ton) was amongst the lowest.

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

Molasse Imports

Imports in Eastern Europe

In 2022, after three years of decline, there was significant growth in purchases abroad of molasses, when their volume increased by X% to X tons. Over the period under review, imports, however, recorded a noticeable contraction. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, molasse imports surged to $X in 2022. In general, imports posted modest growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Hungary was the key importing country with an import of around X tons, which finished at X% of total imports. Latvia (X tons) took the second position in the ranking, distantly followed by the Czech Republic (X tons) and Lithuania (X tons). All these countries together took near X% share of total imports. Romania (X tons), Estonia (X tons) and Poland (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to molasse imports into Hungary stood at X%. At the same time, Latvia (X%), Lithuania (X%), Estonia (X%) and Romania (X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, the Czech Republic (X%) and Poland (X%) illustrated a downward trend over the same period. Hungary (X p.p.), Latvia (X p.p.) and Lithuania (X p.p.) significantly strengthened its position in terms of the total imports, while Poland saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hungary ($X) constitutes the largest market for imported molasses in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Latvia ($X), with a X% share of total imports. It was followed by the Czech Republic, with a X% share.

In Hungary, molasse imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Latvia (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, growing by X% against the previous year. Import price indicated a pronounced expansion from 2012 to 2022: its price 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, molasse import price increased by X% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Poland ($X per ton), while Latvia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :