Norway: Non-Cane Molasses Market 2023

Non-Cane Molasses Market Size in Norway

In 2021, the Norwegian non-cane molasses market decreased by -17.4% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption, however, showed a relatively flat trend pattern. Non-cane molasses consumption peaked at $X in 2020, and then fell remarkably in the following year.

Non-Cane Molasses Exports

Exports from Norway

In 2021, overseas shipments of molasses (excluding cane molasses) were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 13,293%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, non-cane molasses exports skyrocketed to $X in 2021. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 14,261%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Sweden (X tons) was the main destination for non-cane molasses exports from Norway, with a approx. 99.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden stood at +74.4%.

In value terms, Sweden ($X) also remains the key foreign market for non-cane molasses exports from Norway.

From 2012 to 2021, the average annual growth rate of value to Sweden totaled +69.6%.

Export Prices by Country

In 2021, the average non-cane molasses export price amounted to $X per ton, dropping by -4.9% against the previous year. Overall, the export price showed a noticeable reduction. The most prominent rate of growth was recorded in 2020 an increase of 34%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Sweden.

From 2012 to 2021, the rate of growth in terms of prices for Sweden amounted to -2.8% per year.

Non-Cane Molasses Imports

Imports into Norway

In 2021, purchases abroad of molasses (excluding cane molasses) decreased by -33.3% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 508%. Over the period under review, imports reached the peak figure at X tons in 2020, and then reduced remarkably in the following year.

In value terms, non-cane molasses imports declined to $X in 2021. Over the period under review, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 481%. Over the period under review, imports reached the peak figure at $X in 2020, and then shrank in the following year.

Imports by Country

Sweden (X tons), Poland (X tons) and Russia (X tons) were the main suppliers of non-cane molasses imports to Norway, together accounting for 75% of total imports. These countries were followed by Belarus and Lithuania, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were in Lithuania (with a CAGR of +83.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-cane molasses suppliers to Norway were Sweden ($X), Poland ($X) and Belarus ($X), with a combined 80% share of total imports. These countries were followed by Russia and Lithuania, which together accounted for a further 19%.

In terms of the main suppliers, Lithuania, with a CAGR of +89.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average non-cane molasses import price amounted to $X per ton, growing by 36% against the previous year. Over the period under review, import price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-cane molasses import price increased by +48.1% against 2018 indices. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Lithuania ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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