Poland: Molasse Market 2024

Molasse Market Size in Poland

The Polish molasse market surged to $X in 2022, growing by 60% against the previous year. Overall, consumption, however, showed a mild reduction. Molasse consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Molasse Production in Poland

In value terms, molasse production soared to $X in 2022 estimated in export price. Overall, production enjoyed a resilient expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Molasse Exports

Exports from Poland

For the third consecutive year, Poland recorded decline in shipments abroad of molasses, which decreased by -15.4% to X tons in 2022. Over the period under review, total exports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -34.0% against 2019 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 36%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, molasse exports soared to $X in 2022. In general, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +8.3% 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 +77.7% against 2018 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 46% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons) was the main destination for molasse exports from Poland, accounting for a 32% share of total exports. Moreover, molasse exports to the UK exceeded the volume sent to the second major destination, Hungary (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to +14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+15.6% per year) and Germany (+11.4% per year).

In value terms, the UK ($X) remains the key foreign market for molasses exports from Poland, comprising 33% of total exports. The second position in the ranking was held by the United States ($X), with a 14% share of total exports. It was followed by Canada, with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK totaled +18.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+4.4% per year) and Canada (+15.1% per year).

Export Prices by Country

The average molasse export price stood at $X per ton in 2022, picking up by 37% against the previous year. In general, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, molasse export price increased by +98.6% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Sweden ($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 Canada (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Molasse Imports

Imports into Poland

In 2022, the amount of molasses imported into Poland soared to X tons, jumping by 21% on the previous year. Overall, imports, however, showed a deep contraction. The growth pace was the most rapid in 2015 when imports increased by 36% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, molasse imports soared to $X in 2022. In general, imports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 39%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Ukraine (X tons) constituted the largest supplier of molasse to Poland, with a 40% share of total imports. Moreover, molasse imports from Ukraine exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), twofold. Latvia (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Ukraine amounted to -24.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (-2.7% per year) and Latvia (+55.4% per year).

In value terms, the UK ($X) constituted the largest supplier of molasses to Poland, comprising 40% of total imports. The second position in the ranking was taken by Ukraine ($X), with a 19% share of total imports. It was followed by Latvia, with a 19% share.

From 2012 to 2022, the average annual growth rate of value from the UK amounted to +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-22.1% per year) and Latvia (+72.5% per year).

Import Prices by Country

The average molasse import price stood at $X per ton in 2022, rising by 12% against the previous year. In general, the import price posted a resilient expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by 96% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+40.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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