U.S. - Cane Molasses - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

U.S. - Cane Molasses - Market Analysis, Forecast, Size, Trends And Insights

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Cane Molasses Price in the United States - 2023

Contents:

  1. Cane Molasses Price in the United States (CIF) - 2022
  2. Cane Molasses Price in the United States (FOB) - 2023
  3. Cane Molasses Imports in the United States
  4. Cane Molasses Exports in the United States

Cane Molasses Price in the United States (CIF) - 2022

The average cane molasses import price stood at $198 per ton in 2022, increasing by 6.2% against the previous year. Over the period under review, the import price, however, showed a perceptible slump. The growth pace was the most rapid in 2016 when the average import price increased by 31% against the previous year. Over the period under review, average import prices hit record highs at $336 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Guatemala ($216 per ton), while the price for Belize ($142 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (-2.5%), while the prices for the other major suppliers experienced a decline.

Cane Molasses Price in the United States (FOB) - 2023

The average cane molasses export price stood at $5,494 per ton in September 2023, shrinking by -3.7% against the previous month. Overall, the export price, however, recorded a prominent expansion. The pace of growth appeared the most rapid in January 2023 an increase of 303% m-o-m. The export price peaked at $6,307 per ton in February 2023; however, from March 2023 to September 2023, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In September 2023, the highest price was recorded for prices to Mexico ($7,445 per ton) and the UK ($6,701 per ton), while the average price for exports to Canada ($5,048 per ton) and Bangladesh ($5,864 per ton) were amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cane Molasses Imports in the United States

In 2022, cane molasses imports into the United States totaled 912K tons, picking up by 13% compared with the previous year's figure. The total import volume increased at an average annual rate of +5.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 18%. As a result, imports attained the peak of 924K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, cane molasses imports surged to $181M in 2022. The total import value increased at an average annual rate of +8.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Cane Molasses in the United States (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
El Salvador20.217.923.339.825.4%
Guatemala28.238.634.426.9-1.6%
Nicaragua24.826.821.826.21.8%
Honduras13.112.412.922.619.9%
Dominican Republic13.715.116.617.78.9%
Mexico14.211.37.412.6-3.9%
Belize5.96.95.47.05.9%
Australia6.5N/A5.46.4-0.5%
Others14.626.222.821.513.8%
Total1411551501818.7%

Top Suppliers of Cane Molasses to the United States in 2022:

  1. El Salvador (204.1K tons)
  2. Honduras (130.4K tons)
  3. Guatemala (124.1K tons)
  4. Nicaragua (123.3K tons)
  5. Dominican Republic (103.2K tons)
  6. Mexico (62.4K tons)
  7. Belize (49.4K tons)
  8. Australia (43.0K tons)

Cane Molasses Exports in the United States

In 2022, exports of cane molasses from the United States skyrocketed to 21K tons, jumping by 67% against the previous year's figure. In general, exports, however, recorded a abrupt setback.

In value terms, cane molasses exports skyrocketed to $20M in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +15.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -2.2% against 2020 indices.

Export of Cane Molasses in the United States (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Canada5.78.99.56.54.5%
United Kingdom2.86.31.16.431.7%
Mexico0.50.50.73.896.6%
Ireland2.5N/AN/A2.50.0%
Netherlands0.13.7N/A0.10.0%
Others1.51.31.11.0-12.6%
Total13.120.712.420.215.5%

Top Export Markets for Cane Molasses from the United States in 2022:

  1. Netherlands (undefinedK tons)
  2. United Kingdom (8.9K tons)
  3. Canada (5.3K tons)
  4. Ireland (3.7K tons)
  5. Mexico (3.0K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cane molasses market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 10811430 - Cane molasses

Country coverage:

  • United States

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the U.S.
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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