Switzerland: Non-Cane Molasses Market 2024

Non-Cane Molasses Market Size in Switzerland

The Swiss non-cane molasses market fell to $X in 2022, which is down by -5.1% against the previous year. Over the period under review, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -9.3% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Non-Cane Molasses Production in Switzerland

In value terms, non-cane molasses production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when the production volume increased by 21%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Non-Cane Molasses Exports

Exports from Switzerland

Non-cane molasses exports from Switzerland soared to X tons in 2022, rising by 84% compared with the year before. Over the period under review, exports continue to indicate perceptible growth. The most prominent rate of growth was recorded in 2020 with an increase of 337%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, non-cane molasses exports surged to $X in 2022. In general, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 83%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for non-cane molasses exports from Switzerland, with a 65% share of total exports. Moreover, non-cane molasses exports to Italy exceeded the volume sent to the second major destination, Bulgaria (X tons), fivefold. Germany (X tons) ranked third in terms of total exports with an 8.7% share.

From 2012 to 2022, the average annual growth rate of volume to Italy amounted to +90.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+25.9% per year) and Germany (-18.0% per year).

In value terms, Italy ($X) remains the key foreign market for molasses (excluding cane molasses) exports from Switzerland, comprising 45% of total exports. The second position in the ranking was held by Bulgaria ($X), with a 15% share of total exports. It was followed by Canada, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Italy stood at +112.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+27.0% per year) and Canada (+62.1% per year).

Export Prices by Country

In 2022, the average non-cane molasses export price amounted to $X per ton, shrinking by -13.8% against the previous year. In general, the export price, however, recorded a pronounced increase. The growth pace was the most rapid in 2015 an increase of 360%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Germany ($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 Austria (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Cane Molasses Imports

Imports into Switzerland

In 2022, non-cane molasses imports into Switzerland skyrocketed to X tons, with an increase of 77% compared with 2021. Over the period under review, imports posted significant growth. The pace of growth was the most pronounced in 2017 when imports increased by 705% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, non-cane molasses imports soared to $X in 2022. Overall, imports posted a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 330%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Austria (X tons) and Germany (X tons) were the main suppliers of non-cane molasses imports to Switzerland.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +2,389.8%).

In value terms, Austria ($X) and Germany ($X) constituted the largest non-cane molasses suppliers to Switzerland.

Austria, with a CAGR of +1,243.3%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average non-cane molasses import price stood at $X per ton in 2022, which is down by -11.9% against the previous year. In general, the import price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2018 an increase of 61% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Germany stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-10.4%).

Source: IndexBox Platform

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