GCC: Non-Cane Molasses Market 2024

Non-Cane Molasses Market Size in GCC

The GCC non-cane molasses market expanded rapidly to $X in 2022, picking up by X% against the previous year. Overall, consumption enjoyed prominent growth. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Non-Cane Molasses Production in GCC

In value terms, non-cane molasses production expanded rapidly to $X in 2022 estimated in export price. The total production indicated resilient 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 decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Non-Cane Molasses Exports

Exports in GCC

In 2022, shipments abroad of molasses (excluding cane molasses) decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports showed a precipitous curtailment. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, non-cane molasses exports shrank notably to $X in 2022. Overall, exports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2019 with an increase of X%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Saudi Arabia (X tons) represented the largest exporter of molasses (excluding cane molasses), constituting X% of total exports. It was distantly followed by the United Arab Emirates (X tons), making up a X% share of total exports. The following exporters - Oman (X tons) and Bahrain (X tons) - together made up X% of total exports.

Saudi Arabia 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, Oman (X%) displayed positive paces of growth. Bahrain experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. Saudi Arabia (X p.p.), Oman (X p.p.) and Bahrain (X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Bahrain ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Saudi Arabia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries 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 GCC stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate a buoyant increase. The growth pace was the most rapid in 2016 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while Oman ($X per ton) was amongst the lowest.

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

Non-Cane Molasses Imports

Imports in GCC

In 2022, the amount of molasses (excluding cane molasses) imported in GCC soared to X tons, with an increase of X% compared with 2021. In general, imports enjoyed a strong expansion. The growth pace was the most rapid in 2016 when imports increased by X%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, non-cane molasses imports soared to $X in 2022. Over the period under review, imports continue to indicate a prominent expansion. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Saudi Arabia (X tons) and the United Arab Emirates (X tons) prevails in imports structure, together creating X% of total imports. Kuwait (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-cane molasses importing markets in GCC were Saudi Arabia ($X), the United Arab Emirates ($X) and Kuwait ($X), with a combined X% share of total imports.

The United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price posted buoyant growth. The growth pace was the most rapid in 2015 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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