Czech Republic: Cane Molasses Market 2024

Cane Molasses Market Size in the Czech Republic

The Czech cane molasses market reduced slightly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption continues to indicate a pronounced shrinkage. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Cane Molasses Production in the Czech Republic

In value terms, cane molasses production fell to $X in 2022 estimated in export price. Over the period under review, production, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Cane molasses production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Cane Molasses Exports

Exports from the Czech Republic

In 2022, shipments abroad of cane molasses was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports posted a significant expansion. The pace of growth was the most pronounced in 2018 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, cane molasses exports surged to $X in 2022. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for cane molasses exports from the Czech Republic, with a X% share of total exports. Moreover, cane molasses exports to Italy exceeded the volume sent to the second major destination, Germany (X tons), sevenfold. Denmark (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, Italy ($X) remains the key foreign market for cane molasses exports from the Czech Republic, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with an X% share of total exports. It was followed by Slovakia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Slovakia (X% per year).

Export Prices by Country

The average cane molasses export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price, however, showed a perceptible slump. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Slovakia ($X per ton), while the average price for exports to Italy ($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 the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cane Molasses Imports

Imports into the Czech Republic

In 2022, cane molasses imports into the Czech Republic surged to X tons, picking up by X% against the previous year. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, cane molasses imports shrank rapidly to $X in 2022. In general, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of cane molasses to the Czech Republic, accounting for a X% share of total imports. Moreover, cane molasses imports from Spain exceeded the figures recorded by the second-largest supplier, Paraguay (X tons), eightfold. Italy (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Spain ($X) constituted the largest supplier of cane molasses to the Czech Republic, comprising X% of total imports. The second position in the ranking was held by Paraguay ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

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

Import Prices by Country

The average cane molasses import price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the import price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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