Belgium: Cane Molasses Market 2024

Cane Molasses Market Size in Belgium

In 2022, the Belgian cane molasses market increased by X% to $X, rising for the third consecutive year after two years of decline. In general, consumption recorded a prominent expansion. Cane molasses consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Cane Molasses Production in Belgium

In value terms, cane molasses production rose to $X in 2022 estimated in export price. In general, production showed a mild curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Cane molasses production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Cane Molasses Exports

Exports from Belgium

In 2022, cane molasses exports from Belgium skyrocketed to X tons, rising by X% compared with the previous year. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, cane molasses exports surged to $X in 2022. Overall, exports showed a significant increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

France (X tons) was the main destination for cane molasses exports from Belgium, accounting for a X% share of total exports. Moreover, cane molasses exports to France exceeded the volume sent to the second major destination, the Netherlands (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to France stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Germany (X% per year).

In value terms, France ($X) remains the key foreign market for cane molasses exports from Belgium, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to France stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Germany (X% per year).

Export Prices by Country

The average cane molasses export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 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 years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to France ($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 Germany (X%), while the prices for the other major destinations experienced mixed trend patterns.

Cane Molasses Imports

Imports into Belgium

In 2022, imports of cane molasses into Belgium surged to X tons, rising by X% compared with 2021 figures. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, cane molasses imports soared to $X in 2022. Overall, imports continue to indicate significant growth. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

India (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of cane molasses imports to Belgium, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of cane molasses to Belgium, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

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

Import Prices by Country

The average cane molasses import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price enjoyed noticeable growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Egypt ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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