Spain: Cane Molasses Market 2024

Cane Molasses Market Size in Spain

The Spanish cane molasses market skyrocketed to $X in 2022, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed resilient growth. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in the immediate term.

Cane Molasses Exports

Exports from Spain

Cane molasses exports from Spain declined to X tons in 2022, waning by X% on 2021 figures. Overall, exports showed a mild descent. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, cane molasses exports fell to $X in 2022. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

Portugal (X tons) was the main destination for cane molasses exports from Spain, with a X% share of total exports. Moreover, cane molasses exports to Portugal exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was taken by the UK (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Portugal amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and the UK (X% per year).

In value terms, Portugal ($X), Poland ($X) and France ($X) constituted the largest markets for cane molasses exported from Spain worldwide, with a combined X% share of total exports. Germany, the UK, Italy and Greece lagged somewhat behind, together accounting for a further X%.

Greece, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cane molasses export price amounted to $X per ton, which is down by X% against the previous year. Overall, the export price, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then reduced slightly in the following year.

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

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Cane Molasses Imports

Imports into Spain

In 2022, approx. X tons of cane molasses were imported into Spain; jumping by X% on the year before. Overall, imports continue to indicate a pronounced increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, cane molasses imports soared to $X in 2022. Over the period under review, imports recorded a resilient increase. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of cane molasses to Spain, with a X% share of total imports. Moreover, cane molasses imports from India exceeded the figures recorded by the second-largest supplier, El Salvador (X tons), ninefold. The third position in this ranking was held by Pakistan (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: El Salvador (X% per year) and Pakistan (X% per year).

In value terms, India ($X) constituted the largest supplier of cane molasses to Spain, comprising X% of total imports. The second position in the ranking was taken by El Salvador ($X), with a X% share of total imports. It was followed by Pakistan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: El Salvador (X% per year) and Pakistan (X% per year).

Import Prices by Country

In 2022, the average cane molasses import price amounted to $X per ton, with an increase of X% against 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 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs 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 countries with the highest prices were Pakistan ($X per ton) and India ($X per ton), while the price for Iraq ($X per ton) and Guatemala ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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