Australia and Oceania: Cane Molasses Market 2024

Cane Molasses Market Size in Australia and Oceania

In 2022, the cane molasses market in Australia and Oceania decreased by X% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Cane Molasses Production in Australia and Oceania

In value terms, cane molasses production surged to $X in 2022 estimated in export price. The total production indicated strong 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 2017 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of production peaked in 2022 and is expected to retain growth in years to come.

Cane Molasses Exports

Exports in Australia and Oceania

In 2022, overseas shipments of cane molasses increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, exports posted a notable increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, cane molasses exports surged to $X in 2022. In general, exports showed a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Australia was the key exporting country with an export of about X tons, which resulted at X% of total exports. It was distantly followed by Fiji (X tons), making up a X% share of total exports.

Australia experienced a relatively flat trend pattern with regard to volume of exports of cane molasses. Fiji experienced a relatively flat trend pattern. From 2012 to 2022, the share of Fiji increased by X percentage points.

In value terms, Australia ($X) remains the largest cane molasses supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by Fiji ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia totaled X%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, rising by X% against the previous year. Export price indicated prominent growth from 2012 to 2022: its price 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, cane molasses export price increased by X% against 2018 indices. The growth pace was the most rapid in 2018 when the export price increased by X%. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Fiji ($X per ton), while Australia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%).

Cane Molasses Imports

Imports in Australia and Oceania

Cane molasses imports shrank remarkably to X tons in 2022, which is down by X% against the previous year. Overall, imports recorded a sharp shrinkage. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, cane molasses imports fell rapidly to $X in 2022. Over the period under review, imports showed a significant decrease. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Australia represented the main importing country with an import of about X tons, which resulted at X% of total imports. New Zealand (X tons) held the second position in the ranking, distantly followed by French Polynesia (X tons) and New Caledonia (X tons). All these countries together held near X% share of total imports.

Australia was also the fastest-growing in terms of the cane molasses imports, with a CAGR of X% from 2012 to 2022. At the same time, French Polynesia (X%) displayed positive paces of growth. By contrast, New Caledonia (X%) and New Zealand (X%) illustrated a downward trend over the same period. Australia (X p.p.), French Polynesia (X p.p.) and New Caledonia (X p.p.) significantly strengthened its position in terms of the total imports, while New Zealand saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Australia ($X) constitutes the largest market for imported cane molasses in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by French Polynesia ($X), with a X% share of total imports. It was followed by New Zealand, with a X% share.

In Australia, cane molasses imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: French Polynesia (X% per year) and New Zealand (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price posted a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 French Polynesia ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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