ASEAN: Non-Cane Molasses Market 2024

Non-Cane Molasses Market Size in ASEAN

The ASEAN non-cane molasses market rose slightly to $X in 2022, increasing by X% against the previous year. In general, consumption, however, showed a mild decline. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Non-Cane Molasses Production in ASEAN

In value terms, non-cane molasses production totaled $X in 2022 estimated in export price. In general, production, however, recorded a mild decline. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Non-Cane Molasses Exports

Exports in ASEAN

In 2022, non-cane molasses exports in ASEAN reached X tons, picking up by X% compared with 2021 figures. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-cane molasses exports rose notably to $X in 2022. Total exports indicated a pronounced increase 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, exports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Thailand was the largest exporting country with an export of around X tons, which reached X% of total exports. It was distantly followed by Indonesia (X tons), Malaysia (X tons) and Vietnam (X tons), together generating a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to non-cane molasses exports from Thailand stood at X%. At the same time, Vietnam (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Indonesia and Vietnam increased by X and X percentage points, respectively.

In value terms, the largest non-cane molasses supplying countries in ASEAN were Indonesia ($X), Thailand ($X) and Malaysia ($X), with a combined X% share of total exports. These countries were followed by Vietnam, which accounted for a further X%.

Among the main exporting countries, Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price posted a tangible increase. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Non-Cane Molasses Imports

Imports in ASEAN

In 2022, the amount of molasses (excluding cane molasses) imported in ASEAN amounted to X tons, approximately reflecting the previous year's figure. In general, imports, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, non-cane molasses imports totaled $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Indonesia represented the main importer of molasses (excluding cane molasses) in ASEAN, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. It was distantly followed by Vietnam (X tons) and Malaysia (X tons), together creating a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to non-cane molasses imports into Indonesia stood at X%. At the same time, Malaysia (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Vietnam (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Indonesia and Malaysia increased by X and X percentage points, respectively.

In value terms, Indonesia ($X), Malaysia ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Malaysia, 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 a decline in the imports figures.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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