Italy: Non-Cane Molasses Market 2024

Non-Cane Molasses Market Size in Italy

The Italian non-cane molasses market surged to $X in 2022, increasing by 16% against the previous year. Overall, the total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.1% 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 +85.1% against 2018 indices. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Non-Cane Molasses Production in Italy

In value terms, non-cane molasses production stood at $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by 3.3%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Non-Cane Molasses Exports

Exports from Italy

In 2022, overseas shipments of molasses (excluding cane molasses) increased by 288% to X tons, rising for the fourth consecutive year after three years of decline. Overall, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-cane molasses exports surged to $X in 2022. Over the period under review, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Greece (X tons) was the main destination for non-cane molasses exports from Italy, with a 62% share of total exports. Moreover, non-cane molasses exports to Greece exceeded the volume sent to the second major destination, Hungary (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Greece stood at +142.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+210.1% per year) and Spain (+197.7% per year).

In value terms, Greece ($X) emerged as the key foreign market for molasses (excluding cane molasses) exports from Italy, comprising 61% of total exports. The second position in the ranking was taken by Hungary ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Greece stood at +103.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+169.2% per year) and Spain (+98.2% per year).

Export Prices by Country

In 2022, the average non-cane molasses export price amounted to $X per ton, dropping by -5.7% against the previous year. Overall, the export price saw a abrupt slump. The growth pace was the most rapid in 2016 an increase of 308% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Spain ($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 Albania (-4.8%), while the prices for the other major destinations experienced a decline.

Non-Cane Molasses Imports

Imports into Italy

In 2022, the amount of molasses (excluding cane molasses) imported into Italy surged to X tons, picking up by 18% against the previous year's figure. Over the period under review, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 63% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, non-cane molasses imports soared to $X in 2022. In general, imports saw buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 80%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

Austria (X tons), Egypt (X tons) and Russia (X tons) were the main suppliers of non-cane molasses imports to Italy, together accounting for 64% of total imports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +118.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-cane molasses suppliers to Italy were Russia ($X), Egypt ($X) and Germany ($X), with a combined 66% share of total imports. Croatia, Austria and Slovenia lagged somewhat behind, together accounting for a further 31%.

Austria, with a CAGR of +104.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average non-cane molasses import price amounted to $X per ton, surging by 9.9% against the previous year. Overall, import price indicated slight growth from 2012 to 2022: its price 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, non-cane molasses import price increased by +71.4% against 2018 indices. The pace of growth was the most pronounced in 2020 an increase of 23%. The import price peaked in 2022 and is likely to see steady 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 Russia ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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