Europe: Cane Molasses Market 2024

Cane Molasses Market Size in Europe

The Europe cane molasses market soared to $X in 2022, growing by X% against the previous year. The total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2018 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Cane Molasses Production in Europe

In value terms, cane molasses production contracted markedly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2021, and then shrank sharply in the following year.

Cane Molasses Exports

Exports in Europe

In 2022, overseas shipments of cane molasses increased by X% to X tons, rising for the third consecutive year after two years of decline. In general, exports, however, saw a mild setback. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cane molasses exports fell to $X in 2022. Total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from the Netherlands (X tons), Belgium (X tons) and the UK (X tons), together amounting to X% of total export. It was distantly followed by Ireland (X tons) and Germany (X tons), together making up a X% share of total exports. The following exporters - Finland (X tons) and Italy (X tons) - each reached a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Finland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest cane molasses supplying countries in Europe were the UK ($X), the Netherlands ($X) and Belgium ($X), with a combined X% share of total exports. Ireland, Germany, Italy and Finland lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Italy, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, declining by X% against the previous year. Export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cane molasses export price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2021, and then contracted markedly in the following year.

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

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

Cane Molasses Imports

Imports in Europe

In 2022, the amount of cane molasses imported in Europe soared to X tons, with an increase of X% on the previous year's figure. Total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, cane molasses imports soared to $X in 2022. Overall, imports continue to indicate a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The UK was the key importer of cane molasses in Europe, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. Ireland (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Italy (X%), Spain (X%), the Netherlands (X%), Belgium (X%), Denmark (X%) and France (X%).

Imports into the UK increased at an average annual rate of X% from 2012 to 2022. At the same time, Ireland (X%), Belgium (X%), Italy (X%), Denmark (X%) and Spain (X%) displayed positive paces of growth. Moreover, Ireland emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2022. By contrast, France (X%) and the Netherlands (X%) illustrated a downward trend over the same period. Ireland (X p.p.), the UK (X p.p.), Italy (X p.p.), Belgium (X p.p.) and Denmark (X p.p.) significantly strengthened its position in terms of the total imports, while France and the Netherlands saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In the UK, cane molasses imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Ireland (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, jumping by X% against the previous year. Import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cane molasses import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Denmark ($X per ton) and the Netherlands ($X per ton), while Italy ($X per ton) and Ireland ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform