Belgium: Molasse Market 2024

Molasse Market Size in Belgium

In 2022, the Belgian molasse market increased by 24% to $X, rising for the third year in a row after two years of decline. Overall, consumption, however, recorded a relatively flat trend pattern. Molasse consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Molasse Production in Belgium

In value terms, molasse production fell remarkably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a mild shrinkage. The pace of growth was the most pronounced in 2013 with an increase of 25%. Molasse production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Molasse Exports

Exports from Belgium

In 2022, approx. X tons of molasses were exported from Belgium; increasing by 6.6% on the previous year. Over the period under review, exports saw a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 610% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, molasse exports soared to $X in 2022. Overall, exports recorded prominent growth. The pace of growth was the most pronounced in 2013 when exports increased by 374% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X tons), France (X tons) and Germany (X tons) were the main destinations of molasse exports from Belgium, with a combined 99.9% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +32.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and Germany ($X) were the largest markets for molasse exported from Belgium worldwide, with a combined 100% share of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +23.7%, 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

In 2022, the average molasse export price amounted to $X per ton, picking up by 12% against the previous year. Overall, the export price, however, recorded a noticeable slump. The pace of growth appeared the most rapid in 2020 an increase of 44%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the Netherlands ($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 France (-0.7%), while the prices for the other major destinations experienced a decline.

Molasse Imports

Imports into Belgium

In 2022, overseas purchases of molasses increased by 5.3% to X tons, rising for the second year in a row after three years of decline. Overall, total imports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +7.7% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 83%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, molasse imports surged to $X in 2022. In general, total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.2% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 95%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Germany (X tons) and India (X tons) were the main suppliers of molasse imports to Belgium, together accounting for 77% of total imports. Egypt, Poland, Russia, Honduras and France lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Honduras (with a CAGR of +32.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and India ($X) were the largest molasse suppliers to Belgium, with a combined 71% share of total imports. Egypt, Poland, Russia, Honduras and France lagged somewhat behind, together comprising a further 27%.

Honduras, with a CAGR of +45.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average molasse import price stood at $X per ton in 2022, rising by 26% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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