Scandinavia: Cane Molasses Market 2024

Cane Molasses Market Size in Scandinavia

In 2022, after four years of growth, there was decline in the Scandinavia cane molasses market, when its value decreased by X% to $X. Over the period under review, consumption, however, saw a mild decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Cane Molasses Production in Scandinavia

In value terms, cane molasses production skyrocketed to $X in 2022 estimated in export price. In general, production, however, showed a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, production hit record highs in 2022 and is likely to continue growth in the near future.

Cane Molasses Exports

Exports in Scandinavia

In 2022, shipments abroad of cane molasses decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports, however, recorded strong growth. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then fell dramatically in the following year.

In value terms, cane molasses exports declined modestly to $X in 2022. In general, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then shrank in the following year.

Exports by Country

The shipments of the one major exporters of cane molasses, namely Finland, represented more than two-thirds of total export.

Finland was also the fastest-growing in terms of the cane molasses exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of Finland increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Finland ($X) also remains the largest cane molasses supplier in Scandinavia.

In Finland, cane molasses exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the export prices remained at a lower figure.

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

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

Cane Molasses Imports

Imports in Scandinavia

In 2022, after two years of decline, there was significant growth in supplies from abroad of cane molasses, when their volume increased by X% to X tons. Overall, imports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, cane molasses imports stood at $X in 2022. Over the period under review, imports, however, showed a slight decrease. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Norway prevails in imports structure, finishing at X tons, which was near X% of total imports in 2022. It was distantly followed by Finland (X tons), generating a X% share of total imports. Sweden (X tons) followed a long way behind the leaders.

Imports into Norway decreased at an average annual rate of X% from 2012 to 2022. At the same time, Sweden (X%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of X% from 2012-2022. Finland experienced a relatively flat trend pattern. While the share of Finland (X p.p.) and Sweden (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Norway (X p.p.) displayed negative dynamics.

In value terms, Norway ($X) constitutes the largest market for imported cane molasses in Scandinavia, comprising X% of total imports. The second position in the ranking was held by Finland ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Norway amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Finland (X% per year) and Sweden (X% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, increasing by X% against the previous year. Import price indicated a measured 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, cane molasses import price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per ton), while Norway ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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