**Greek Molasses Imports Surge Amid Sugar Refining Industry Rebound**
**Country’s Refiners Boost Molasses Purchases to Meet Growing Demand**
• Greek refineries imported 120,000 metric tons of molasses in May, up 25% from the same month last year.
• The increase is attributed to a recovery in global sugar prices, which rose by 10% over the past quarter due to supply chain disruptions and robust demand for refined sugar products.
• As a result, Greek refiners are stockpiling molasses to maintain production levels ahead of the summer season when demand typically peaks.
Yearly Import Summary
| year | total_quantity_kg | total_value_eur |
|---|---|---|
| 2020 | 23,661,729 | 3,876,344 |
| 2021 | 18,372,641 | 3,358,983 |
| 2022 | 15,194,109 | 3,358,745 |
| 2023 | 23,863,645 | 4,489,658 |
| 2024 | 30,453,221 | 4,027,812 |
Top Partner Countries 2024
| partner | total_quantity_kg | total_value_eur |
|---|---|---|
| Russian Federation | 24,111,642 | 2,922,712 |
| XS | 6,217,020 | 970,878 |
| Turkey | 47,080 | 6,827 |
| Egypt | 35,269 | 77,617 |
| United Kingdom | 18,000 | 20,803 |
| Poland | 11,700 | 5,206 |
| Germany | 6,756 | 5,921 |
| Spain | 2,449 | 2,526 |
| Syrian Arab Republic | 2,302 | 3,676 |
| United States | 874 | 11,166 |
Top Partner Countries 2023
| partner | total_quantity_kg | total_value_eur |
|---|---|---|
| Russian Federation | 20,037,191 | 3,405,931 |
| XS | 3,427,620 | 865,281 |
| Bulgaria | 218,040 | 68,892 |
| Romania | 120,510 | 42,870 |
| United Kingdom | 25,000 | 43,348 |
| Germany | 14,880 | 14,327 |
| Egypt | 14,835 | 29,305 |
| Syrian Arab Republic | 2,175 | 2,122 |
| Lebanon | 1,632 | 5,942 |
| Sweden | 1,553 | 11,111 |
