MERCOSUR: Cane Molasses Market 2024

Cane Molasses Market Size in MERCOSUR

The MERCOSUR cane molasses market expanded sharply to $X in 2023, increasing by X% against the previous year. The total consumption indicated a mild expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2019 indices. Over the period under review, the market attained the maximum level in 2023 and is expected to retain growth in the immediate term.

Cane Molasses Production in MERCOSUR

In value terms, cane molasses production amounted to $X in 2023 estimated in export price. The total production indicated slight growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. The level of production peaked in 2023 and is expected to retain growth in the immediate term.

Cane Molasses Exports

Exports in MERCOSUR

In 2023, the amount of cane molasses exported in MERCOSUR declined notably to X tons, with a decrease of X% compared with 2022 figures. Overall, exports, however, posted a remarkable increase. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of X tons. From 2015 to 2023, the growth of the exports failed to regain momentum.

In value terms, cane molasses exports skyrocketed to $X in 2023. Over the period under review, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

Exports by Country

In 2023, Peru (X tons) and Colombia (X tons) were the main exporters of cane molasses in MERCOSUR, together achieving X% of total exports. Argentina (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Paraguay (X%). Venezuela (X tons) followed a long way behind the leaders.

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

In value terms, Colombia ($X) remains the largest cane molasses supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Peru ($X), with a X% share of total exports. It was followed by Argentina, with a X% share.

In Colombia, cane molasses exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Peru (X% per year) and Argentina (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2023, jumping by X% against the previous year. Overall, the export price continues to indicate resilient growth. The pace of growth was the most pronounced in 2016 when the export price increased by X% against the previous year. The level of export peaked in 2023 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

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

Cane Molasses Imports

Imports in MERCOSUR

In 2023, the amount of cane molasses imported in MERCOSUR skyrocketed to X tons, jumping by X% against 2022. In general, imports saw a strong increase. The pace of growth was the most pronounced in 2017 when imports increased by X%. The volume of import peaked in 2023 and is expected to retain growth in the near future.

In value terms, cane molasses imports skyrocketed to $X in 2023. Over the period under review, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2023 and are expected to retain growth in the near future.

Imports by Country

Ecuador was the main importer of cane molasses in MERCOSUR, with the volume of imports reaching X tons, which was near X% of total imports in 2023. Guyana (X tons) ranks second in terms of the total imports with a X% share, followed by Chile (X%). The following importers - Colombia (X tons) and Uruguay (X tons) - each amounted to a X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Colombia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cane molasses importing markets in MERCOSUR were Ecuador ($X), Guyana ($X) and Chile ($X), with a combined X% share of total imports. Uruguay and Colombia lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2023, the import price in MERCOSUR amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, saw a mild downturn. The growth pace was the most rapid in 2016 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2017 to 2023, the import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uruguay (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform