Report Update Nov 1, 2024

Belarus - Molasses (Excluding Cane Molasses) - Market Analysis, Forecast, Size, Trends and Insights

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Belarus: Non-Cane Molasses Market 2024

Non-Cane Molasses Market Size in Belarus

In 2022, the Belarusian non-cane molasses market decreased by -34.8% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption showed a pronounced shrinkage. Over the period under review, the market hit record highs at $X in 2021, and then fell notably in the following year.

Non-Cane Molasses Production in Belarus

In value terms, non-cane molasses production reached $X in 2022 estimated in export price. In general, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.4% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 77% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Non-Cane Molasses Exports

Exports from Belarus

In 2022, shipments abroad of molasses (excluding cane molasses) was finally on the rise to reach X tons after two years of decline. Overall, exports posted significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 206% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, non-cane molasses exports surged to $X in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 262% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Germany (X tons), Lithuania (X tons) and Latvia (X tons) were the main destinations of non-cane molasses exports from Belarus, together accounting for 32% of total exports. Belgium, Norway, Denmark and Spain lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +38.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Belgium ($X) and Lithuania ($X) were the largest markets for non-cane molasses exported from Belarus worldwide, with a combined 27% share of total exports.

In terms of the main countries of destination, Norway, with a CAGR of +67.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-cane molasses export price stood at $X per ton in 2022, jumping by 18% against the previous year. Overall, the export price recorded perceptible growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 54% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Germany ($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 Norway (+21.2%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Cane Molasses Imports

Imports into Belarus

After two years of decline, purchases abroad of molasses (excluding cane molasses) increased by 178% to X tons in 2022. Over the period under review, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2015 when imports increased by 10,973%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, non-cane molasses imports skyrocketed to $X in 2022. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2015 when imports increased by 7,717%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Russia (X tons) was the main non-cane molasses supplier to Belarus, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia stood at +45.4%.

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

From 2012 to 2022, the average annual rate of growth in terms of value from Russia stood at +51.0%.

Import Prices by Country

The average non-cane molasses import price stood at $X per ton in 2022, picking up by 10% against the previous year. In general, the import price recorded a perceptible expansion. The growth pace was the most rapid in 2021 an increase of 90% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +3.9% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for molasses (excluding cane molasses) in the world?

China remains the largest non-cane molasses consuming country worldwide, comprising approx. 17% of total volume. Moreover, non-cane molasses consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 6.2% share.

What are the largest producers of molasses (excluding cane molasses) in the world?

The country with the largest volume of non-cane molasses production was China, accounting for 17% of total volume. Moreover, non-cane molasses production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by India, with a 6.2% share.

What are the leading suppliers of molasses (excluding cane molasses) to Belarus?

In value terms, Russia constituted the largest supplier of non-cane molasses to Belarus.

What are the leading importers of molasses (excluding cane molasses) from Belarus?

In value terms, Denmark, Latvia and Lithuania constituted the largest markets for non-cane molasses exported from Belarus worldwide, together comprising 81% of total exports.

What is the average export price for molasses (excluding cane molasses) in Belarus?

The average non-cane molasses export price stood at $135 per ton in 2021, with an increase of 77% against the previous year.

What is the average import price for molasses (excluding cane molasses) in Belarus?

The average non-cane molasses import price stood at $112 per ton in 2020, approximately mirroring the previous year.

This report provides an in-depth analysis of the non-cane molasses market in Belarus. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10811450 - Molasses obtained from the extraction or refining of sugar (excluding cane molasses)

Country coverage:

Belarus

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Belarus
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023