South-Eastern Asia: Non-Cane Molasses Market 2024

Non-Cane Molasses Market Size in South-Eastern Asia

The Southeast Asian non-cane molasses market stood at $X in 2022, growing by X% against the previous year. In general, consumption, however, continues to indicate a slight descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Non-Cane Molasses Production in South-Eastern Asia

In value terms, non-cane molasses production totaled $X in 2022 estimated in export price. In general, production, however, saw a mild decrease. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Non-Cane Molasses Exports

Exports in South-Eastern Asia

In 2022, the amount of molasses (excluding cane molasses) exported in South-Eastern Asia expanded remarkably to X tons, growing by X% against 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-cane molasses exports totaled $X in 2022. Total exports indicated notable 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, exports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Thailand (X tons) was the largest exporter of molasses (excluding cane molasses), achieving X% of total exports. It was distantly followed by Indonesia (X tons), Malaysia (X tons) and Vietnam (X tons), together creating a X% share of total exports.

Exports from Thailand decreased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) illustrated a downward trend over the same period. While the share of Indonesia (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (X p.p.) and Thailand (X p.p.) displayed negative dynamics.

In value terms, the largest non-cane molasses supplying countries in South-Eastern Asia were Indonesia ($X), Thailand ($X) and Malaysia ($X), with a combined X% share of total exports. These countries were followed by Vietnam, which accounted for a further X%.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of 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 South-Eastern Asia stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price recorded a temperate increase. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The level of export 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 exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

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

Non-Cane Molasses Imports

Imports in South-Eastern Asia

In 2022, imports of molasses (excluding cane molasses) in South-Eastern Asia amounted to X tons, flattening at the year before. In general, imports, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, non-cane molasses imports amounted to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Indonesia was the largest importer of molasses (excluding cane molasses) in South-Eastern Asia, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. Vietnam (X tons) ranks second in terms of the total imports with a X% share, followed by Malaysia (X%).

From 2012 to 2022, average annual rates of growth with regard to non-cane molasses imports into Indonesia stood at X%. At the same time, Malaysia (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Vietnam (X%) illustrated a downward trend over the same period. Indonesia (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the total imports, while Vietnam saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the largest non-cane molasses importing markets in South-Eastern Asia were Indonesia ($X), Malaysia ($X) and Vietnam ($X), with a combined X% share of total imports.

In terms of the main importing countries, Malaysia, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, increasing by X% against 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 2020 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :