Europe: Molasse Market 2024

Molasse Market Size in Europe

In 2022, the Europe molasse market increased by X% to $X, rising for the second consecutive year after three years of decline. Overall, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Molasse Production in Europe

In value terms, molasse production expanded sharply to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Molasse Exports

Exports in Europe

In 2022, shipments abroad of molasses increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, molasse exports surged to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Russia represented the major exporting country with an export of about X tons, which accounted for X% of total exports. Belarus (X tons) took the second position in the ranking, followed by Poland (X tons), Germany (X tons) and the Netherlands (X tons). All these countries together took near X% share of total exports. The following exporters - Belgium (X tons), Ukraine (X tons), Latvia (X tons), Serbia (X tons), Slovakia (X tons), Austria (X tons), Lithuania (X tons) and Croatia (X tons) - together made up X% of total exports.

Russia experienced a relatively flat trend pattern with regard to volume of exports of molasses. At the same time, Latvia (X%), Austria (X%), Belarus (X%), Belgium (X%), Croatia (X%), Poland (X%) and Slovakia (X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. By contrast, the Netherlands (X%), Lithuania (X%), Germany (X%), Serbia (X%) and Ukraine (X%) illustrated a downward trend over the same period. Belarus (X p.p.), Poland (X p.p.), Latvia (X p.p.), Belgium (X p.p.) and Austria (X p.p.) significantly strengthened its position in terms of the total exports, while Russia, Germany and Ukraine saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest molasse supplying countries in Europe were Russia ($X), Poland ($X) and Germany ($X), with a combined X% share of total exports. Belarus, the Netherlands, Austria, Slovakia, Ukraine, Serbia, Belgium, Latvia, Lithuania and Croatia 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, 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 Europe amounted to $X per ton, stabilizing at the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: 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 Belarus (X%), while the other leaders experienced more modest paces of growth.

Molasse Imports

Imports in Europe

In 2022, purchases abroad of molasses decreased by X% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, molasse imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained 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. The UK (X tons) ranks next in terms of the total imports with an X% share, followed by Italy (X%), France (X%), the Netherlands (X%) and Latvia (X%). Portugal (X tons), Germany (X tons), Spain (X tons), Denmark (X tons), the Czech Republic (X tons) and Norway (X tons) held a little share of total imports.

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

In value terms, the largest molasse importing markets in Europe were Belgium ($X), Hungary ($X) and the UK ($X), with a combined X% share of total imports. Italy, France, the Netherlands, Portugal, Spain, Germany, Denmark, Norway, Latvia and the Czech Republic lagged somewhat behind, together comprising a further X%.

Norway, with a CAGR of X%, recorded 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

The import price in Europe stood at $X per ton in 2022, 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 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 the UK ($X per ton), while Latvia ($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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