Southern Asia: Cane Molasses Market 2023

Cane Molasses Market Size in Southern Asia

The South Asian cane molasses market contracted to $X in 2021, with a decrease of -12.9% against the previous year. In general, consumption showed a noticeable decline. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Cane Molasses Production in Southern Asia

In value terms, cane molasses production fell to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a mild reduction. The pace of growth appeared the most rapid in 2020 with an increase of 23% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Cane Molasses Exports

Exports in Southern Asia

In 2021, the amount of cane molasses exported in Southern Asia skyrocketed to X tons, growing by 101% compared with the year before. In general, exports continue to indicate strong growth. The pace of growth appeared the most rapid in 2018 with an increase of 164%. The volume of export peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, cane molasses exports skyrocketed to $X in 2021. Overall, exports saw a resilient expansion. The growth pace was the most rapid in 2018 when exports increased by 116%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

The biggest shipments were from India (X tons), together resulting at 100% of total export.

India was also the fastest-growing in terms of the cane molasses exports, with a CAGR of +16.3% from 2012 to 2021. India (+9.1 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest cane molasses supplier in Southern Asia.

From 2012 to 2021, the average annual rate of growth in terms of value in India totaled +19.8%.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, leveling off at the previous year. Over the last nine years, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2020 when the export price increased by 25% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +3.0% per year.

Cane Molasses Imports

Imports in Southern Asia

In 2021, approx. X tons of cane molasses were imported in Southern Asia; with a decrease of -45.3% on 2020. Overall, imports showed a abrupt decline. The growth pace was the most rapid in 2014 when imports increased by 634%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, cane molasses imports contracted dramatically to $X in 2021. In general, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 367% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Nepal dominates imports structure, finishing at X tons, which was approx. 83% of total imports in 2021. India (X tons) ranks second in terms of the total imports with an 8.2% share, followed by Bhutan (4.5%). Afghanistan (X tons) followed a long way behind the leaders.

Nepal was also the fastest-growing in terms of the cane molasses imports, with a CAGR of +11.2% from 2012 to 2021. At the same time, Afghanistan (+1.8%) displayed positive paces of growth. By contrast, Bhutan (-7.5%) and India (-30.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Nepal increased by +71 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nepal ($X) constitutes the largest market for imported cane molasses in Southern Asia, comprising 68% of total imports. The second position in the ranking was held by Bhutan ($X), with an 8.7% share of total imports. It was followed by India, with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Nepal stood at -2.4%. The remaining importing countries recorded the following average annual rates of imports growth: Bhutan (-12.3% per year) and India (-31.3% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, surging by 33% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the import price increased by 73% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Bhutan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Afghanistan (+2.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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