Poland: Non-Cane Molasses Market 2024

Non-Cane Molasses Market Size in Poland

The Polish non-cane molasses market surged to $X in 2022, with an increase of 41% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Non-cane molasses consumption peaked in 2022 and is likely to see steady growth in years to come.

Non-Cane Molasses Production in Poland

In value terms, non-cane molasses production surged to $X in 2022 estimated in export price. Overall, production, however, recorded a strong increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Non-Cane Molasses Exports

Exports from Poland

Non-cane molasses exports from Poland shrank rapidly to X tons in 2022, falling by -15.5% compared with the year before. 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 most prominent rate of growth was recorded in 2013 when exports increased by 36% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-cane molasses exports soared to $X in 2022. Overall, total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +8.4% 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 +77.6% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of 48%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

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

From 2012 to 2022, the average annual growth rate of volume to the UK totaled +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 ($X) remains the key foreign market for molasses (excluding cane molasses) exports from Poland, comprising 33% of total exports. The second position in the ranking was held by the United States ($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 amounted to +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

In 2022, the average non-cane molasses export price amounted to $X per ton, jumping by 37% against the previous year. Overall, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.4% 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 export price increased by +98.5% 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.

Non-Cane Molasses Imports

Imports into Poland

In 2022, the amount of molasses (excluding cane molasses) imported into Poland skyrocketed to X tons, growing by 27% on 2021. Over the period under review, imports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of 39%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, non-cane molasses imports soared to $X in 2022. Overall, imports, however, recorded a abrupt downturn. Imports peaked 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 non-cane molasses to Poland, accounting for a 47% share of total imports. Moreover, non-cane molasses 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 17% 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, Ukraine ($X), Latvia ($X) and Lithuania ($X) appeared to be the largest non-cane molasses suppliers to Poland, with a combined 87% share of total imports.

In terms of the main suppliers, Latvia, with a CAGR of +72.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average non-cane molasses import price amounted to $X per ton, increasing by 49% against the previous year. Overall, the import price showed strong growth. As a result, import price attained the peak level 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 Latvia ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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