Angola: Non-Cane Molasses Market 2024

Non-Cane Molasses Market Size in Angola

The Angolan non-cane molasses market contracted dramatically to $X in 2022, with a decrease of X% against the previous year. In general, consumption continues to indicate a drastic downturn. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Non-Cane Molasses Production in Angola

In value terms, non-cane molasses production dropped to $X in 2022 estimated in export price. Overall, the total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Non-Cane Molasses Exports

Exports from Angola

In 2022, shipments abroad of molasses (excluding cane molasses) increased by X% to X kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a abrupt contraction. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, non-cane molasses exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a significant curtailment. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Democratic Republic of the Congo (X kg) was the main destination for non-cane molasses exports from Angola, accounting for a approx. X% share of total exports.

From 2015 to 2022, the average annual growth rate of volume to Democratic Republic of the Congo totaled X%.

In value terms, Democratic Republic of the Congo ($X) also remains the key foreign market for molasses (excluding cane molasses) exports from Angola.

From 2015 to 2022, the average annual growth rate of value to Democratic Republic of the Congo amounted to X%.

Export Prices by Country

The average non-cane molasses export price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price faced a abrupt curtailment. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Democratic Republic of the Congo.

From 2015 to 2022, the rate of growth in terms of prices for Democratic Republic of the Congo amounted to X% per year.

Non-Cane Molasses Imports

Imports into Angola

Non-cane molasses imports into Angola skyrocketed to X tons in 2022, increasing by X% against the year before. In general, imports showed a prominent increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, non-cane molasses imports soared to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Pakistan (X tons) constituted the largest supplier of non-cane molasses to Angola, accounting for a X% share of total imports. Moreover, non-cane molasses imports from Pakistan exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was held by Portugal (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Pakistan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Portugal (X% per year).

In value terms, the largest non-cane molasses suppliers to Angola were Pakistan ($X), Portugal ($X) and India ($X), together comprising X% of total imports. Namibia, Turkey, the United Arab Emirates, South Africa and Lebanon lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Turkey, with a CAGR of X.6%, recorded 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 2022, the average non-cane molasses import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price saw a deep setback. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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