EU: Non-Cane Molasses Market 2024

Non-Cane Molasses Market Size in the EU

In 2022, the EU non-cane molasses market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Non-Cane Molasses Production in the EU

In value terms, non-cane molasses production skyrocketed to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Non-Cane Molasses Exports

Exports in the EU

In 2022, the amount of molasses (excluding cane molasses) exported in the European Union dropped to X tons, reducing by X% compared with 2021. Total exports indicated a moderate expansion from 2012 to 2022: its volume 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 decreased by X% against 2019 indices. The most prominent rate of growth was recorded 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 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-cane molasses exports expanded markedly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons) and Germany (X tons) represented the main exporters of molasses (excluding cane molasses) in 2022, accounting for near X% and X% of total exports, respectively. The Netherlands (X tons) took the next position in the ranking, followed by Belgium (X tons) and Latvia (X tons). All these countries together took approx. X% share of total exports. Slovakia (X tons), Austria (X tons), Lithuania (X tons), Croatia (X tons), Sweden (X tons) and Denmark (X tons) took a little share of total exports.

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

In value terms, Poland ($X), Germany ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports. Austria, Slovakia, Belgium, Latvia, Sweden, Lithuania, Croatia and Denmark lagged somewhat behind, together accounting for a further X%.

Latvia, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of 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 the European Union amounted to $X per ton, picking up by X% against the previous year. In general, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Austria ($X per ton), while Belgium ($X per ton) was amongst the lowest.

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

Non-Cane Molasses Imports

Imports in the EU

In 2022, purchases abroad of molasses (excluding cane molasses) decreased by X% to X tons, falling for the fourth consecutive year after two years of growth. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, non-cane molasses imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X tons) and Hungary (X tons) represented roughly X% of total imports in 2022. Italy (X tons) took the next position in the ranking, followed by France (X tons), the Netherlands (X tons), Latvia (X tons) and Portugal (X tons). All these countries together held approx. X% share of total imports. The following importers - Germany (X tons), Spain (X tons), Denmark (X tons), the Czech Republic (X tons), Lithuania (X tons) and Austria (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Austria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Hungary ($X) and Italy ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. France, the Netherlands, Portugal, Spain, Germany, Denmark, Latvia, the Czech Republic, Austria and Lithuania lagged somewhat behind, together accounting for a further X%.

Austria, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained 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 Spain ($X per ton), while Latvia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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