South Africa: Molasse Market 2024

Molasse Market Size in South Africa

The South African molasse market was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption, however, showed a pronounced slump. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Molasse Production in South Africa

In value terms, molasse production shrank markedly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Molasse production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Molasse Exports

Exports from South Africa

In 2022, exports of molasses from South Africa shrank significantly to X tons, reducing by X% on 2021 figures. Overall, exports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, molasse exports reduced remarkably to $X in 2022. Over the period under review, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Namibia (X tons) was the main destination for molasse exports from South Africa, accounting for a X% share of total exports. Moreover, molasse exports to Namibia exceeded the volume sent to the second major destination, Botswana (X tons), twofold. The third position in this ranking was taken by Kenya (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Namibia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (X% per year) and Kenya (X% per year).

In value terms, Namibia ($X), Botswana ($X) and Kenya ($X) constituted the largest markets for molasse exported from South Africa worldwide.

In terms of the main countries of destination, Kenya, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average molasse export price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Swaziland ($X per ton), while the average price for exports to Namibia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced mixed trend patterns.

Molasse Imports

Imports into South Africa

In 2022, overseas purchases of molasses decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports, however, saw a noticeable expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, molasse imports surged to $X in 2022. Over the period under review, imports, however, showed a prominent increase. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Mozambique (X tons), Zambia (X tons) and Zimbabwe (X tons) were the main suppliers of molasse imports to South Africa.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Zambia (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, Mozambique ($X) constituted the largest supplier of molasses to South Africa, comprising X% of total imports. The second position in the ranking was taken by Zambia ($X), with an X% share of total imports. It was followed by Zimbabwe, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Mozambique stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Zambia (X% per year) and Zimbabwe (X% per year).

Import Prices by Country

The average molasse import price stood at $X per ton in 2022, jumping by X% against the previous year. In general, the import price enjoyed a resilient expansion. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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