Slovenia: Non-Cane Molasses Market 2025

Non-Cane Molasses Market Size in Slovenia

For the fifth consecutive year, the Slovene non-cane molasses market recorded growth in sales value, which increased by 2.8% to $X in 2022. Over the period under review, consumption continues to indicate a prominent expansion. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the immediate term.

Non-Cane Molasses Production in Slovenia

In value terms, non-cane molasses production expanded modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2019 with an increase of 135% against the previous year. Non-cane molasses production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Non-Cane Molasses Exports

Exports from Slovenia

In 2022, shipments abroad of molasses (excluding cane molasses) decreased by -59.4% to X tons for the first time since 2016, thus ending a five-year rising trend. Overall, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2019 when exports increased by 1,047% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then reduced dramatically in the following year.

In value terms, non-cane molasses exports dropped notably to $X in 2022. Over the period under review, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 1,107% against the previous year. The exports peaked at $X in 2021, and then contracted dramatically in the following year.

Exports by Country

Italy (X tons) was the main destination for non-cane molasses exports from Slovenia, accounting for a 94% share of total exports. Moreover, non-cane molasses exports to Italy exceeded the volume sent to the second major destination, Croatia (X tons), more than tenfold.

From 2015 to 2022, the average annual growth rate of volume to Italy amounted to +384.2%.

In value terms, Italy ($X) remains the key foreign market for molasses (excluding cane molasses) exports from Slovenia, comprising 96% of total exports. The second position in the ranking was taken by Croatia ($X), with a 3.8% share of total exports.

From 2015 to 2022, the average annual rate of growth in terms of value to Italy stood at +439.0%.

Export Prices by Country

The average non-cane molasses export price stood at $X per ton in 2022, increasing by 48% against the previous year. Overall, the export price showed a measured increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Croatia stood at $X per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+11.3%).

Non-Cane Molasses Imports

Imports into Slovenia

In 2022, after two years of growth, there was decline in overseas purchases of molasses (excluding cane molasses), when their volume decreased by -4.5% to X tons. In general, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 77% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then fell slightly in the following year.

In value terms, non-cane molasses imports reached $X in 2022. Over the period under review, imports, however, saw a remarkable increase. The growth pace was the most rapid in 2017 with an increase of 74% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Hungary (X tons) constituted the largest supplier of non-cane molasses to Slovenia, with a 49% share of total imports. Moreover, non-cane molasses imports from Hungary exceeded the figures recorded by the second-largest supplier, Austria (X tons), twofold. The third position in this ranking was taken by Croatia (X tons), with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Hungary amounted to +31.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-4.2% per year) and Croatia (+19.5% per year).

In value terms, Hungary ($X) constituted the largest supplier of molasses (excluding cane molasses) to Slovenia, comprising 44% of total imports. The second position in the ranking was taken by Austria ($X), with a 22% share of total imports. It was followed by Croatia, with a 19% share.

From 2012 to 2022, the average annual growth rate of value from Hungary totaled +27.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-5.1% per year) and Croatia (+14.0% per year).

Import Prices by Country

The average non-cane molasses import price stood at $X per ton in 2022, increasing by 5.6% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 11%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Bosnia and Herzegovina ($X per ton) and Serbia ($X per ton), while the price for Hungary ($X per ton) and Austria ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (-1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform