Czech Republic: Molasse Market 2024

Molasse Market Size in the Czech Republic

In 2022, the Czech molasse market increased by 45% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption saw a relatively flat trend pattern. Molasse consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Molasse Production in the Czech Republic

In value terms, molasse production surged to $X in 2022 estimated in export price. Overall, production enjoyed a strong expansion. The growth pace was the most rapid in 2017 with an increase of 130%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Molasse Exports

Exports from the Czech Republic

In 2022, the amount of molasses exported from the Czech Republic soared to X tons, rising by 40% on the year before. Over the period under review, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 157%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, molasse exports skyrocketed to $X in 2022. In general, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 132% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons) was the main destination for molasse exports from the Czech Republic, with a 51% share of total exports. Moreover, molasse exports to Germany exceeded the volume sent to the second major destination, Hungary (X tons), twofold. The third position in this ranking was held by Slovakia (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +19.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+15.6% per year) and Slovakia (+5.2% per year).

In value terms, Germany ($X) remains the key foreign market for molasses exports from the Czech Republic, comprising 57% of total exports. The second position in the ranking was taken by Italy ($X), with an 18% share of total exports. It was followed by Hungary, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +24.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+91.5% per year) and Hungary (+11.5% per year).

Export Prices by Country

In 2022, the average molasse export price amounted to $X per ton, with a decrease of -3.2% against the previous year. In general, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, molasse export price increased by +73.8% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 76% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Hungary ($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 Italy (+34.4%), while the prices for the other major destinations experienced more modest paces of growth.

Molasse Imports

Imports into the Czech Republic

After two years of decline, supplies from abroad of molasses increased by 93% to X tons in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, molasse imports soared to $X in 2022. Overall, total imports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Austria (X tons) and Poland (X tons) were the main suppliers of molasse imports to the Czech Republic, together comprising 92% of total imports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +103.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), Poland ($X) and Austria ($X) constituted the largest molasse suppliers to the Czech Republic, together comprising 86% of total imports.

Among the main suppliers, Austria, with a CAGR of +97.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average molasse import price stood at $X per ton in 2022, declining by -14.2% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, molasse import price increased by +72.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 44% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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