Germany: Cane Molasses Market 2024

Cane Molasses Market Size in Germany

The German cane molasses market soared to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption, however, continues to indicate a pronounced downturn. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Cane Molasses Production in Germany

In value terms, cane molasses production dropped remarkably to $X in 2022 estimated in export price. Overall, the total production indicated a pronounced 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, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X, and then declined rapidly in the following year.

Cane Molasses Exports

Exports from Germany

In 2022, after two years of growth, there was significant decline in shipments abroad of cane molasses, when their volume decreased by X% to X tons. In general, exports recorded a abrupt decline. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then dropped significantly in the following year.

In value terms, cane molasses exports reduced markedly to $X in 2022. Over the period under review, exports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then dropped rapidly in the following year.

Exports by Country

The UK (X tons) was the main destination for cane molasses exports from Germany, with a X% share of total exports. Moreover, cane molasses exports to the UK exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. Austria (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Austria (X% per year).

In value terms, the UK ($X), the Netherlands ($X) and Austria ($X) were the largest markets for cane molasses exported from Germany worldwide, with a combined X% share of total exports. Switzerland, Belgium, Poland, Italy and Denmark lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Switzerland, with a CAGR of X%, recorded 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

The average cane molasses export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, export price indicated a resilient 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. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to the UK ($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 Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cane Molasses Imports

Imports into Germany

In 2022, purchases abroad of cane molasses increased by X% to X tons, rising for the second year in a row after four years of decline. In general, imports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, cane molasses imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a perceptible reduction. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of cane molasses to Germany, with a X% share of total imports. Moreover, cane molasses imports from India exceeded the figures recorded by the second-largest supplier, Nicaragua (X tons), fourfold. Paraguay (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Nicaragua (X% per year) and Paraguay (X% per year).

In value terms, India ($X) constituted the largest supplier of cane molasses to Germany, comprising X% of total imports. The second position in the ranking was taken by Paraguay ($X), with a X% share of total imports. It was followed by Nicaragua, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Paraguay (X% per year) and Nicaragua (X% per year).

Import Prices by Country

In 2022, the average cane molasses import price amounted to $X per ton, with an increase of X% against the previous year. Overall, import price indicated a notable expansion 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 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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