Russian Federation: Non-Cane Molasses Market 2024

Non-Cane Molasses Market Size in the Russian Federation

In 2022, the Russian non-cane molasses market decreased by -2.9% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Non-Cane Molasses Production in the Russian Federation

In value terms, non-cane molasses production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 14%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Non-Cane Molasses Exports

Exports from the Russian Federation

In 2022, non-cane molasses exports from Russia stood at X tons, with an increase of 14% compared with the year before. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 63%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, non-cane molasses exports expanded markedly to $X in 2022. Over the period under review, total exports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 +21.3% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 39%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons), Belgium (X tons) and Spain (X tons) were the main destinations of non-cane molasses exports from Russia, with a combined 86% share of total exports. Latvia, the Netherlands, Austria and Germany lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +85.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Belgium ($X) and Spain ($X) appeared to be the largest markets for non-cane molasses exported from Russia worldwide, with a combined 88% share of total exports. Latvia, Austria, Germany and the Netherlands lagged somewhat behind, together comprising a further 6.8%.

In terms of the main countries of destination, Austria, with a CAGR of +66.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average non-cane molasses export price amounted to $X per ton, with a decrease of -8.1% against the previous year. Over the period under review, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% 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 +15.5% against 2019 indices. The growth pace was the most rapid in 2013 an increase of 55%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the Netherlands ($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 Vietnam (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Cane Molasses Imports

Imports into the Russian Federation

In 2022, overseas purchases of molasses (excluding cane molasses) decreased by 0% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a dramatic contraction. The growth pace was the most rapid in 2020 when imports increased by 2,925%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, non-cane molasses imports amounted to $X in 2022. In general, imports recorded a precipitous curtailment. The growth pace was the most rapid in 2020 when imports increased by 1,435%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Finland (X tons) constituted the largest non-cane molasses supplier to Russia, with a 4% share of total imports. Moreover, non-cane molasses imports from Finland exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from Finland totaled +62.2%.

In value terms, Finland ($X) constituted the largest supplier of molasses (excluding cane molasses) to Russia, comprising 41% of total imports. The second position in the ranking was held by Turkey ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Finland amounted to +61.7%.

Import Prices by Country

The average non-cane molasses import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 86%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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 Turkey ($X per ton), while the price for Finland amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+19.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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