Greece: Non-Cane Molasses Market 2024

Non-Cane Molasses Market Size in Greece

The Greek non-cane molasses market declined to $X in 2022, which is down by X% against the previous year. Overall, consumption recorded a slight decline. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Non-Cane Molasses Production in Greece

In value terms, non-cane molasses production declined modestly to $X in 2022 estimated in export price. In general, production recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. Non-cane molasses production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Non-Cane Molasses Exports

Exports from Greece

In 2022, shipments abroad of molasses (excluding cane molasses) increased by X% to X tons, rising for the third consecutive year after seven years of decline. Over the period under review, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, non-cane molasses exports surged to $X in 2022. In general, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Cyprus (X tons) was the main destination for non-cane molasses exports from Greece, with a X% share of total exports. Moreover, non-cane molasses exports to Cyprus exceeded the volume sent to the second major destination, Serbia (X tons), more than tenfold. Albania (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Cyprus stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (X% per year) and Albania (X% per year).

In value terms, Cyprus ($X) remains the key foreign market for molasses (excluding cane molasses) exports from Greece, comprising X% of total exports. The second position in the ranking was held by Serbia ($X), with a X% share of total exports. It was followed by Albania, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Cyprus totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (X% per year) and Albania (X% per year).

Export Prices by Country

In 2022, the average non-cane molasses export price amounted to $X per ton, which is down by X% against the previous year. In general, the export price, however, saw a slight increase. The pace of growth was the most pronounced in 2019 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 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Albania ($X per ton), while the average price for exports to Serbia ($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 Albania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Cane Molasses Imports

Imports into Greece

In 2022, approx. X tons of molasses (excluding cane molasses) were imported into Greece; shrinking by X% against 2021. Over the period under review, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, non-cane molasses imports reduced to $X in 2022. Overall, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Serbia (X tons), Russia (X tons) and Italy (X tons) were the main suppliers of non-cane molasses imports to Greece, with a combined X% share of total imports.

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

In value terms, Serbia ($X), Russia ($X) and Italy ($X) constituted the largest non-cane molasses suppliers to Greece, together accounting for X% of total imports.

Italy, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-cane molasses import price stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Bulgaria ($X per ton) and Italy ($X per ton), while the price for Russia ($X per ton) and Serbia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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