Eastern Europe: Cane Molasses Market 2024

Cane Molasses Market Size in Eastern Europe

In 2022, the East European cane molasses market increased by X% to $X, rising for the second year in a row after three years of decline. In general, consumption, however, recorded a mild contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Cane Molasses Production in Eastern Europe

In value terms, cane molasses production fell slightly to $X in 2022 estimated in export price. Over the period under review, production saw a mild downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Cane Molasses Exports

Exports in Eastern Europe

In 2022, overseas shipments of cane molasses increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cane molasses exports soared to $X in 2022. Overall, exports continue to indicate resilient growth. The growth pace was the most rapid in 2018 with an increase of X%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Exports by Country

In 2022, the Czech Republic (X tons) was the key exporter of cane molasses, mixing up X% of total exports. It was distantly followed by Romania (X tons), achieving a X% share of total exports.

The Czech Republic was also the fastest-growing in terms of the cane molasses exports, with a CAGR of X% from 2012 to 2022. At the same time, Romania (X%) displayed positive paces of growth. From 2012 to 2022, the share of the Czech Republic and Romania increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X) remains the largest cane molasses supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Romania ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the Czech Republic stood at X%.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, surging by X% against the previous year. Overall, the export price showed strong growth. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Romania totaled $X per ton.

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

Cane Molasses Imports

Imports in Eastern Europe

In 2022, supplies from abroad of cane molasses increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports, however, showed a pronounced downturn. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, cane molasses imports rose sharply to $X in 2022. In general, imports continue to indicate a moderate increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Bulgaria (X tons), Russia (X tons), Poland (X tons), Slovakia (X tons) and Hungary (X tons) represented the main importer of cane molasses in Eastern Europe, achieving X% of total import. It was distantly followed by the Czech Republic (X tons), comprising a X% share of total imports. Latvia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constitutes the largest market for imported cane molasses in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Slovakia ($X), with a X% share of total imports. It was followed by Russia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Poland stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Slovakia (X% per year) and Russia (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price, however, continues to indicate strong growth. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2021, and then dropped dramatically in the following year.

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

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

Source: IndexBox Platform

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