Europe: Molasse Market 2024

Molasse Market Size in Europe

In 2022, the Europe molasse market increased by 34% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Molasse Production in Europe

In value terms, molasse production skyrocketed to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Molasse Exports

Exports in Europe

In 2022, shipments abroad of molasses was finally on the rise to reach X tons after two years of decline. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 32% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, molasse exports stood at $X in 2022. The total export value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when exports increased by 23% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

Russia represented the major exporter of molasses in Europe, with the volume of exports finishing at X tons, which was near 29% of total exports in 2022. Belarus (X tons) ranks second in terms of the total exports with a 13% share, followed by Germany (10%), Poland (10%), the Netherlands (8%) and Belgium (5.9%). Ukraine (X tons), Latvia (X tons), Serbia (X tons), Slovakia (X tons), Austria (X tons), the UK (X tons) and Lithuania (X tons) followed a long way behind the leaders.

Russia experienced a relatively flat trend pattern with regard to volume of exports of molasses. At the same time, Latvia (+105.1%), Austria (+27.7%), Belarus (+24.5%), Belgium (+19.1%), Poland (+4.9%) and Slovakia (+2.1%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in Europe, with a CAGR of +105.1% from 2012-2022. The UK experienced a relatively flat trend pattern. By contrast, the Netherlands (-1.1%), Lithuania (-2.5%), Germany (-3.7%), Serbia (-4.1%) and Ukraine (-17.3%) illustrated a downward trend over the same period. While the share of Belarus (+11 p.p.), Belgium (+4.8 p.p.), Poland (+3.7 p.p.), Latvia (+2.6 p.p.) and Austria (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Russia (-1.6 p.p.), Germany (-5.1 p.p.) and Ukraine (-16.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), Poland ($X) and Germany ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 45% of total exports. The Netherlands, Belarus, Belgium, the UK, Austria, Slovakia, Ukraine, Serbia, Latvia and Lithuania lagged somewhat behind, together accounting for a further 43%.

Latvia, with a CAGR of +90.3%, saw the highest growth rate of the value of exports, among the main exporting countries 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, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2013 when the export price increased by 20% against the previous year. The level of export peaked in 2022 and is likely to continue 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 UK ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+4.3%), while the other leaders experienced more modest paces of growth.

Molasse Imports

Imports in Europe

After three years of decline, purchases abroad of molasses increased by 34% to X tons in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, molasse imports soared to $X in 2022. Total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.5% 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 +56.1% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the UK (X tons), distantly followed by Belgium (X tons), Italy (X tons), the Netherlands (X tons), France (X tons), Spain (X tons), Hungary (X tons), Ireland (X tons) and Denmark (X tons) represented the largest importers of molasses, together achieving 82% of total imports.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +5.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constitutes the largest market for imported molasses in Europe, comprising 23% of total imports. The second position in the ranking was taken by Belgium ($X), with a 10% share of total imports. It was followed by Italy, with an 8.7% share.

From 2012 to 2022, the average annual growth rate of value in the UK amounted to +2.6%. In the other countries, the average annual rates were as follows: Belgium (+3.1% per year) and Italy (+6.1% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, increasing by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2020 an increase of 19%. Over the period under review, import prices reached the maximum in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Denmark ($X per ton) and Ireland ($X per ton), while Hungary ($X per ton) and Belgium ($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 UK (+4.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform