Asia-Pacific: Cane Molasses Market 2024

Cane Molasses Market Size in Asia-Pacific

The Asia-Pacific cane molasses market rose markedly to $X in 2023, growing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2023 and is likely to continue growth in the immediate term.

Cane Molasses Production in Asia-Pacific

In value terms, cane molasses production rose sharply to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production hit record highs in 2023 and is likely to see steady growth in the immediate term.

Cane Molasses Exports

Exports in Asia-Pacific

In 2023, the amount of cane molasses exported in Asia-Pacific shrank to X tons, which is down by X% compared with the year before. Over the period under review, exports saw a mild curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, cane molasses exports fell to $X in 2023. Overall, exports, however, saw a slight increase. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

India represented the main exporting country with an export of around X tons, which resulted at X% of total exports. Australia (X tons) ranks second in terms of the total exports with a X% share, followed by Indonesia (X%) and Thailand (X%). Pakistan (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the cane molasses exports, with a CAGR of X% from 2012 to 2023. At the same time, Pakistan (X%) displayed positive paces of growth. Australia experienced a relatively flat trend pattern. By contrast, Indonesia (X%) and Thailand (X%) illustrated a downward trend over the same period. India (X p.p.) and Pakistan (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest cane molasses supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Australia ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

In India, cane molasses exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Australia (X% per year) and Indonesia (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2023, increasing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced more modest paces of growth.

Cane Molasses Imports

Imports in Asia-Pacific

In 2023, cane molasses imports in Asia-Pacific was estimated at X tons, with an increase of X% on 2022 figures. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X%. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, cane molasses imports rose markedly to $X in 2023. Over the period under review, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the three major importers of cane molasses, namely South Korea, the Philippines and Vietnam, represented more than two-thirds of total import. New Zealand (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (X%) and Japan (X%). Bangladesh (X tons) held a relatively small share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bangladesh (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cane molasses importing markets in Asia-Pacific were South Korea ($X), the Philippines ($X) and Vietnam ($X), with a combined X% share of total imports. Japan, Thailand, New Zealand and Bangladesh lagged somewhat behind, together comprising a further X%.

Bangladesh, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2023, shrinking by X% against the previous year. Import price indicated a resilient increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, cane molasses import price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2013 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2022, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform