Denmark: Molasse Market 2024

Molasse Market Size in Denmark

The Danish molasse market skyrocketed to $X in 2022, picking up by 54% against the previous year. In general, consumption saw a strong increase. Molasse consumption peaked in 2022 and is likely to continue growth in years to come.

Molasse Production in Denmark

In value terms, molasse production surged to $X in 2022 estimated in export price. Over the period under review, production saw a prominent expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Molasse Exports

Exports from Denmark

In 2022, overseas shipments of molasses increased by 28% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2014 with an increase of 68%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, molasse exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a deep setback. The pace of growth was the most pronounced in 2014 when exports increased by 71%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Finland (X tons) was the main destination for molasse exports from Denmark, with a 84% share of total exports. Moreover, molasse exports to Finland exceeded the volume sent to the second major destination, Iceland (X tons), ninefold. The third position in this ranking was taken by Norway (X tons), with a 6.5% share.

From 2012 to 2022, the average annual growth rate of volume to Finland totaled +10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (+2.8% per year) and Norway (+53.2% per year).

In value terms, Finland ($X) remains the key foreign market for molasses exports from Denmark, comprising 64% of total exports. The second position in the ranking was held by Norway ($X), with a 22% share of total exports. It was followed by Iceland, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Finland stood at +11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+70.6% per year) and Iceland (+7.6% per year).

Export Prices by Country

In 2022, the average molasse export price amounted to $X per ton, growing by 21% against the previous year. In general, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% 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 +76.6% against 2018 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 40%. 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 Norway ($X per ton), while the average price for exports to Finland ($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 UK (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.

Molasse Imports

Imports into Denmark

In 2022, supplies from abroad of molasses increased by 42% to X tons, rising for the second year in a row after two years of decline. Overall, imports recorded resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by 157% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, molasse imports surged to $X in 2022. Over the period under review, imports showed a resilient increase. The growth pace was the most rapid in 2021 with an increase of 196% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, India (X tons) constituted the largest molasse supplier to Denmark, with a 47% share of total imports. Moreover, molasse imports from India exceeded the figures recorded by the second-largest supplier, Guatemala (X tons), fourfold. Pakistan (X tons) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume from India amounted to +14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Guatemala (+366.4% per year) and Pakistan (+526.8% per year).

In value terms, India ($X) constituted the largest supplier of molasses to Denmark, comprising 52% of total imports. The second position in the ranking was held by Pakistan ($X), with a 9.5% share of total imports. It was followed by Guatemala, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to +20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+622.0% per year) and Guatemala (+268.5% per year).

Import Prices by Country

The average molasse import price stood at $X per ton in 2022, surging by 27% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.2% 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 +88.4% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Egypt ($X per ton), while the price for Nicaragua ($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 (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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