Eastern Asia: Non-Cane Molasses Market 2024

Non-Cane Molasses Market Size in Eastern Asia

The East Asian non-cane molasses market reached $X in 2022, remaining relatively unchanged against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Non-Cane Molasses Production in Eastern Asia

In value terms, non-cane molasses production totaled $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Non-Cane Molasses Exports

Exports in Eastern Asia

In 2022, overseas shipments of molasses (excluding cane molasses) increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-cane molasses exports soared to $X in 2022. In general, exports showed a relatively flat trend pattern. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) prevails in exports structure, resulting at X tons, which was near X% of total exports in 2022. Japan (X tons) took a minor share of total exports.

Taiwan (Chinese) was also the fastest-growing in terms of the molasses (excluding cane molasses) exports, with a CAGR of X% from 2012 to 2022. At the same time, Japan (X%) displayed positive paces of growth. From 2012 to 2022, the share of Taiwan (Chinese) increased by X percentage points.

In value terms, Taiwan (Chinese) ($X) remains the largest non-cane molasses supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Taiwan (Chinese) totaled X%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price showed a drastic downturn. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the export prices remained at a lower figure.

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

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

Non-Cane Molasses Imports

Imports in Eastern Asia

For the fourth year in a row, Eastern Asia recorded decline in overseas purchases of molasses (excluding cane molasses), which decreased by X% to X tons in 2022. Overall, imports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, non-cane molasses imports reduced slightly to $X in 2022. In general, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Taiwan (Chinese) dominates imports structure, resulting at X tons, which was approx. X% of total imports in 2022. The following importers - Hong Kong SAR (X tons) and Japan (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to non-cane molasses imports into Taiwan (Chinese) stood at X%. At the same time, Japan (X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. Japan (X p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Taiwan (Chinese) ($X) constitutes the largest market for imported molasses (excluding cane molasses) in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total imports.

In Taiwan (Chinese), non-cane molasses imports declined by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and Japan (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, leveling off at the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2019 when the import price increased by X%. The level of import peaked in 2022 and is likely to see gradual 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 Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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