South-Eastern Asia: Molasse Market 2024

Molasse Market Size in South-Eastern Asia

In 2023, the Southeast Asian molasse market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Over the period under review, consumption, however, showed a remarkable increase. As a result, consumption reached the peak level of $X. From 2019 to 2023, the growth of the market remained at a somewhat lower figure.

Molasse Production in South-Eastern Asia

In value terms, molasse production declined rapidly to $X in 2023 estimated in export price. In general, production, however, showed a prominent increase. The growth pace was the most rapid in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2023, production growth remained at a somewhat lower figure.

Molasse Exports

Exports in South-Eastern Asia

In 2023, after three years of decline, there was significant growth in shipments abroad of molasses, when their volume increased by X% to X tons. Over the period under review, exports, however, showed a abrupt setback. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, molasse exports surged to $X in 2023. In general, exports, however, recorded a pronounced descent. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia was the main exporter of molasses in South-Eastern Asia, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2023. It was distantly followed by Thailand (X tons), comprising a X% share of total exports. Lao People's Democratic Republic (X tons) and Vietnam (X tons) held a relatively small share of total exports.

Exports from Indonesia increased at an average annual rate of X% from 2012 to 2023. At the same time, Lao People's Democratic Republic (X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Vietnam (X%) and Thailand (X%) illustrated a downward trend over the same period. Indonesia (X p.p.) and Lao People's Democratic Republic (X p.p.) significantly strengthened its position in terms of the total exports, while Vietnam and Thailand saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, Indonesia ($X) emerged as the largest molasse supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by Lao People's Democratic Republic, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Indonesia totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and Lao People's Democratic Republic (X% per year).

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per ton, almost unchanged from the previous year. Export price indicated a notable expansion 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, molasse export price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum in 2023 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Thailand ($X per ton) and Vietnam ($X per ton), while Lao People's Democratic Republic ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

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

Molasse Imports

Imports in South-Eastern Asia

In 2023, molasse imports in South-Eastern Asia skyrocketed to X tons, surging by X% on 2022. In general, imports saw prominent growth. The growth pace was the most rapid in 2019 with an increase of X%. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, molasse imports skyrocketed to $X in 2023. Over the period under review, imports continue to indicate a resilient expansion. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

The purchases of the three major importers of molasses, namely Vietnam, Thailand and the Philippines, represented more than two-thirds of total import. It was distantly followed by Indonesia (X tons), committing an X% share of total imports. Malaysia (X tons) took a little 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 the Philippines (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest molasse importing markets in South-Eastern Asia were Thailand ($X), the Philippines ($X) and Vietnam ($X), together comprising X% of total imports.

The Philippines, 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 South-Eastern Asia stood at $X per ton in 2023, reducing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of X%. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

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

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

Source: IndexBox Platform