Benelux: Non-Cane Molasses Market 2024

Non-Cane Molasses Market Size in Benelux

In 2022, the Benelux non-cane molasses market decreased by -10.8% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption continues to indicate a slight contraction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Non-Cane Molasses Production in Benelux

In value terms, non-cane molasses production fell to $X in 2022 estimated in export price. In general, production, however, posted a mild increase. The most prominent rate of growth was recorded in 2017 with an increase of 106% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Non-Cane Molasses Exports

Exports in Benelux

In 2022, exports of molasses (excluding cane molasses) in Benelux soared to X tons, growing by 17% on the previous year. Total exports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +20.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 88%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-cane molasses exports surged to $X in 2022. Total exports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +19.0% against 2017 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 103% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The Netherlands represented the main exporting country with an export of around X tons, which amounted to 61% of total exports. It was distantly followed by Belgium (X tons), creating a 39% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Belgium (with a CAGR of +17.5%).

In value terms, the Netherlands ($X) remains the largest non-cane molasses supplier in Benelux, comprising 79% of total exports. The second position in the ranking was held by Belgium ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands was relatively modest.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, growing by 12% against the previous year. Overall, the export price, however, saw a slight setback. The most prominent rate of growth was recorded in 2020 when the export price increased by 44%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.4%).

Non-Cane Molasses Imports

Imports in Benelux

In 2022, purchases abroad of molasses (excluding cane molasses) was finally on the rise to reach X tons after four years of decline. In general, imports, however, continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2013 when imports increased by 32%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, non-cane molasses imports soared to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 25%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Belgium was the largest importing country with an import of around X tons, which resulted at 67% of total imports. It was distantly followed by the Netherlands (X tons), generating a 33% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of -0.2%).

In value terms, Belgium ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of imports in 2022.

Belgium, with a CAGR of +1.4%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, jumping by 17% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 25%. Over the period under review, import prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+1.6%).

Source: IndexBox Platform