Romania: Non-Cane Molasses Market 2024

Non-Cane Molasses Market Size in Romania

The Romanian non-cane molasses market soared to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Non-Cane Molasses Production in Romania

In value terms, non-cane molasses production rose notably to $X in 2022 estimated in export price. In general, production showed a slight slump. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

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Non-Cane Molasses Exports

Exports from Romania

Non-cane molasses exports from Romania reduced notably to X tons in 2022, dropping by X% against the previous year. Over the period under review, exports showed a slight contraction. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, non-cane molasses exports contracted sharply to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Hungary (X tons), Bulgaria (X tons) and Greece (X tons) were the main destinations of non-cane molasses exports from Romania, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greece (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, Hungary ($X) remains the key foreign market for molasses (excluding cane molasses) exports from Romania, comprising X% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Hungary amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (X% per year) and Greece (X% per year).

Export Prices by Country

The average non-cane molasses export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, 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, non-cane molasses export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to Bulgaria ($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 Bulgaria (X%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Cane Molasses Imports

Imports into Romania

After two years of decline, purchases abroad of molasses (excluding cane molasses) increased by X% to X tons in 2022. Overall, total imports indicated a pronounced increase 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. The growth pace was the most rapid in 2019 with an increase of X%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, non-cane molasses imports soared to $X in 2022. Over the period under review, imports saw a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Moldova (X tons) was the main non-cane molasses supplier to Romania, with a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Moldova totaled X%.

In value terms, Moldova ($X) constituted the largest supplier of molasses (excluding cane molasses) to Romania.

From 2012 to 2022, the average annual rate of growth in terms of value from Moldova amounted to X%.

Import Prices by Country

The average non-cane molasses import price stood at $X per ton in 2022, rising by X% against the previous year. Overall, import price indicated a moderate increase 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, non-cane molasses import price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for Moldova.

From 2012 to 2022, the rate of growth in terms of prices for Moldova amounted to X% per year.

Source: IndexBox Platform

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