Romania: Molasse Market 2024

Molasse Market Size in Romania

In 2022, after two years of decline, there was significant growth in the Romanian molasse market, when its value increased by 24% to $X. In general, consumption showed a relatively flat trend pattern. Molasse consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Molasse Production in Romania

In value terms, molasse production declined to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced decline. The most prominent rate of growth was recorded in 2013 when the production volume increased by 66% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Molasse Exports

Exports from Romania

Molasse exports from Romania reduced dramatically to X tons in 2022, with a decrease of -42.8% on the previous year. In general, exports recorded a mild setback. The pace of growth appeared the most rapid in 2014 when exports increased by 67% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, molasse exports dropped sharply to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 74%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Hungary (X tons), Bulgaria (X tons) and Greece (X tons) were the main destinations of molasse exports from Romania, together accounting for 98% of total exports.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +185.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X) remains the key foreign market for molasses exports from Romania, comprising 57% of total exports. The second position in the ranking was held by Bulgaria ($X), with a 28% share of total exports. It was followed by Greece, with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value to Hungary totaled -4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+16.9% per year) and Greece (+157.9% per year).

Export Prices by Country

In 2022, the average molasse export price amounted to $X per ton, surging by 21% against the previous year. In general, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.1% 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 +86.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 34% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while the average price for exports to Bulgaria ($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 Israel (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Molasse Imports

Imports into Romania

In 2022, overseas purchases of molasses were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +2.4% 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 2019 when imports increased by 80% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, molasse imports skyrocketed to $X in 2022. In general, imports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2019 with an increase of 79%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Moldova (X tons) was the main supplier of molasse to Romania, with a approx. 99% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Moldova stood at +2.5%.

In value terms, Moldova ($X) constituted the largest supplier of molasses to Romania.

From 2012 to 2022, the average annual growth rate of value from Moldova amounted to +5.7%.

Import Prices by Country

In 2022, the average molasse import price amounted to $X per ton, picking up by 14% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, molasse import price increased by +99.6% against 2016 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 43% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Moldova.

From 2012 to 2022, the rate of growth in terms of prices for Moldova amounted to +3.1% per year.

Source: IndexBox Platform

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