France: Non-Cane Molasses Market 2024

Non-Cane Molasses Market Size in France

The French non-cane molasses market soared to $X in 2022, picking up by 25% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Non-Cane Molasses Production in France

In value terms, non-cane molasses production surged to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Non-Cane Molasses Exports

Exports from France

In 2022, shipments abroad of molasses (excluding cane molasses) increased by 281% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 3,575%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, non-cane molasses exports soared to $X in 2022. In general, exports showed significant growth. The pace of growth was the most pronounced in 2013 with an increase of 4,152%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X tons) was the main destination for non-cane molasses exports from France, accounting for a 78% share of total exports. Moreover, non-cane molasses exports to Belgium exceeded the volume sent to the second major destination, Spain (X tons), fivefold. Switzerland (X tons) ranked third in terms of total exports with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium totaled +85.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+115.1% per year) and Switzerland (+8.6% per year).

In value terms, Belgium ($X) emerged as the key foreign market for molasses (excluding cane molasses) exports from France, comprising 78% of total exports. The second position in the ranking was held by Spain ($X), with an 11% share of total exports. It was followed by Brazil, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium stood at +82.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+114.4% per year) and Brazil (+15.7% per year).

Export Prices by Country

The average non-cane molasses export price stood at $X per ton in 2022, increasing by 56% against the previous year. In general, the export price continues to indicate a modest expansion. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Switzerland ($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 Brazil (+78.8%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Cane Molasses Imports

Imports into France

In 2022, supplies from abroad of molasses (excluding cane molasses) increased by 2.8% to X tons, rising for the second consecutive year after two years of decline. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 101%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, non-cane molasses imports surged to $X in 2022. Overall, total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.5% 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 +31.5% against 2018 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 40%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of non-cane molasses to France, accounting for a 76% share of total imports. Moreover, non-cane molasses imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+185.8% per year) and Belgium (-23.1% per year).

In value terms, Germany ($X) constituted the largest supplier of molasses (excluding cane molasses) to France, comprising 74% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 19% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+134.4% per year) and Belgium (-21.3% per year).

Import Prices by Country

The average non-cane molasses import price stood at $X per ton in 2022, rising by 18% against the previous year. In general, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-cane molasses import price increased by +94.4% against 2018 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 25%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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