Middle East: Non-Cane Molasses Market 2024

Non-Cane Molasses Market Size in the Middle East

The Middle Eastern non-cane molasses market was finally on the rise to reach $X in 2022, after two years of decline. The total consumption indicated temperate 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, consumption decreased by X% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Non-Cane Molasses Production in the Middle East

In value terms, non-cane molasses production reduced slightly to $X in 2022 estimated in export price. In general, production, however, recorded a perceptible increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Non-Cane Molasses Exports

Exports in the Middle East

In 2022, overseas shipments of molasses (excluding cane molasses) decreased by X% to X tons, falling for the fifth consecutive year after two years of growth. In general, exports saw a precipitous contraction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, non-cane molasses exports shrank rapidly to $X in 2022. Over the period under review, exports faced a abrupt downturn. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Syrian Arab Republic was the major exporter of molasses (excluding cane molasses) in the Middle East, with the volume of exports reaching X tons, which was near X% of total exports in 2022. Palestine (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Iran (X%), Turkey (X%) and Saudi Arabia (X%). The following exporters - Israel (X tons) and the United Arab Emirates (X tons) - together made up X% of total exports.

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

In value terms, Syrian Arab Republic ($X) emerged as the largest non-cane molasses supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Syrian Arab Republic totaled X%. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, jumping by X% against the previous year. Overall, the export price recorded a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 the United Arab Emirates ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Non-Cane Molasses Imports

Imports in the Middle East

In 2022, approx. X tons of molasses (excluding cane molasses) were imported in the Middle East; jumping by X% against 2021. Total imports indicated noticeable growth from 2012 to 2022: its volume 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, imports decreased by X% against 2020 indices. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, non-cane molasses imports soared to $X in 2022. In general, imports posted a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey prevails in imports structure, resulting at X tons, which was near X% of total imports in 2022. It was distantly followed by Palestine (X tons), constituting a X% share of total imports.

Turkey was also the fastest-growing in terms of the molasses (excluding cane molasses) imports, with a CAGR of X% from 2012 to 2022. Palestine (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Palestine (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) constitutes the largest market for imported molasses (excluding cane molasses) in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Palestine ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, surging by X% against the previous year. Import price indicated a notable increase 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, non-cane molasses import price increased by X% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Palestine ($X per ton), while Turkey stood at $X per ton.

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

Source: IndexBox Platform

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