Romania: Non-Cane Molasses Market 2024

Non-Cane Molasses Market Size in Romania

The Romanian non-cane molasses market soared to $X in 2022, rising by 22% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Non-Cane Molasses Production in Romania

In value terms, non-cane molasses production shrank to $X in 2022 estimated in export price. In general, production saw a noticeable curtailment. The most prominent rate of growth was recorded in 2013 when the production volume increased by 66%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Non-Cane Molasses Exports

Exports from Romania

In 2022, approx. X tons of molasses (excluding cane molasses) were exported from Romania; reducing by -44% on 2021 figures. Overall, exports saw a slight contraction. The most prominent rate of growth was recorded in 2014 with an increase of 78% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, non-cane molasses exports declined sharply to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 75%. Over the period under review, the exports reached the peak figure 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 non-cane molasses exports from Romania, together comprising 100% 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 mixed trend patterns.

In value terms, Hungary ($X) remains the key foreign market for molasses (excluding cane molasses) exports from Romania, comprising 60% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a 30% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Hungary amounted to -4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+24.4% per year) and Greece (+157.9% per year).

Export Prices by Country

The average non-cane molasses export price stood at $X per ton in 2022, growing by 17% against the previous year. Overall, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.6% 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 +81.5% 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 gradual growth in years to come.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to Bulgaria ($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 Hungary (+1.9%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Cane Molasses Imports

Imports into Romania

In 2022, supplies from abroad of molasses (excluding cane molasses) increased by 30% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, total imports indicated a measured increase 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 pace of growth appeared the most rapid 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, non-cane molasses imports surged to $X in 2022. Over the period under review, imports saw a notable expansion. The pace of growth appeared the most rapid in 2019 with an increase of 81%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Moldova (X tons) was the main non-cane molasses supplier to Romania, accounting for a approx. 99% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Moldova amounted to +2.5%.

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

From 2012 to 2022, the average annual rate of growth in terms of value from Moldova stood at +5.7%.

Import Prices by Country

The average non-cane molasses import price stood at $X per ton in 2022, rising by 17% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price 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. Based on 2022 figures, non-cane molasses import price increased by +97.0% against 2016 indices. The pace of growth appeared the most rapid in 2020 an increase of 40% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

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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