Global Cane Molasses Market Overview 2020

Cane Molasses Market Size

In 2019, the global cane molasses market increased by X% to $X, rising for the fourth year in a row after two years of decline. In general, the total consumption indicated a noticeable expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2018 when the market value increased by X% y-o-y. Global consumption peaked in 2019 and is expected to retain growth in the immediate term.

Cane Molasses Production

In value terms, cane molasses production rose notably to $X in 2019 estimated in export prices. Overall, the total production indicated a prominent expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2015 indices. The growth pace was the most rapid in 2018 when the production volume increased by X% y-o-y. Global production peaked in 2019 and is expected to retain growth in the immediate term.

Production By Country

The countries with the highest volumes of cane molasses production in 2019 were Brazil (X tonnes), India (X tonnes) and Thailand (X tonnes), with a combined X% share of global production. These countries were followed by China, Pakistan, Mexico, the U.S., Russia, Sudan, Indonesia and the Philippines, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of cane molasses production, amongst the key producing countries, was attained by Sudan, while cane molasses production for the other global leaders experienced more modest paces of growth.

Cane Molasses Exports

Exports

In 2019, the amount of cane molasses exported worldwide expanded remarkably to X tonnes, with an increase of X% on the previous year. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when exports increased by X% year-to-year. As a result, exports attained the peak of X tonnes. From 2009 to 2019, the growth of global exports remained at a somewhat lower figure.

In value terms, cane molasses exports stood at $X in 2019. The total export value increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. As a result, exports reached the peak of $X. From 2009 to 2019, the growth of global exports remained at a somewhat lower figure.

Exports by Country

In 2019, India (X tonnes), distantly followed by Guatemala (X tonnes), Indonesia (X tonnes), Australia (X tonnes), the Philippines (X tonnes), El Salvador (X tonnes) and Nicaragua (X tonnes) represented the main exporters of cane molasses, together creating X% of total exports. Pakistan (X tonnes), Thailand (X tonnes), Honduras (X tonnes), Mozambique (X tonnes) and Zambia (X tonnes) followed a long way behind the leaders.

From 2007 to 2019, average annual rates of growth with regard to cane molasses exports from India stood at -X%. At the same time, Mozambique (+X%), the Philippines (+X%), Zambia (+X%), Nicaragua (+X%), Honduras (+X%), Australia (+X%), El Salvador (+X%) and Guatemala (+X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2019. Indonesia experienced a relatively flat trend pattern. By contrast, Pakistan (-X%) and Thailand (-X%) illustrated a downward trend over the same period. From 2007 to 2019, the share of the Philippines, Australia, Nicaragua, Mozambique and Honduras increased by +X%, +X%, +X%, +X% and +X% percentage points, while Pakistan (-X p.p.), India (-X p.p.) and Thailand (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), Indonesia ($X) and the Philippines ($X) were the countries with the highest levels of exports in 2019, together comprising X% of global exports. These countries were followed by Guatemala, Australia, Thailand, Pakistan, El Salvador, Honduras, Nicaragua, Mozambique and Zambia, which together accounted for a further X the main exporting countries, Mozambique saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average cane molasses export price stood at $X per tonne in 2019, remaining stable against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% year-to-year. As a result, export price attained the peak level of $X per tonne. From 2014 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Thailand ($X per tonne), while Zambia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Thailand, while the other global leaders experienced more modest paces of growth.

Cane Molasses Imports

Imports

In 2019, overseas purchases of cane molasses were finally on the rise to reach X tonnes after two years of decline. Overall, imports, however, recorded a mild downturn. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. As a result, imports reached the peak of X tonnes. From 2009 to 2019, the growth of global imports remained at a lower figure.

In value terms, cane molasses imports skyrocketed to $X in 2019. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. As a result, imports reached the peak of $X. From 2009 to 2019, the growth of global imports remained at a somewhat lower figure.

Imports by Country

In 2019, the U.S. (X tonnes), distantly followed by South Korea (X tonnes), the UK (X tonnes), the Philippines (X tonnes) and Japan (X tonnes) represented the key importers of cane molasses, together achieving X% of total imports. The following importers - Thailand (X tonnes), Ireland (X tonnes), Italy (X tonnes), France (X tonnes), South Africa (X tonnes), the Netherlands (X tonnes) and Belgium (X tonnes) - together made up X% of total imports.

From 2007 to 2019, the biggest increases were in the Philippines, while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), the UK ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2019, with a combined X% share of global imports. These countries were followed by the Philippines, Japan, France, Italy, Ireland, the Netherlands, Thailand, Belgium and South Africa, which together accounted for a further X terms of the main importing countries, the Philippines recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average cane molasses import price amounted to $X per tonne, picking up by X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2009 an increase of X% y-o-y. Global import price peaked at $X per tonne in 2013; however, from 2014 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($X per tonne), while South Africa ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cane molasses in the world?

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The countries with the highest volumes of cane molasses consumption in 2019 were Brazil (16M tonnes), India (8.7M tonnes) and Thailand (5.5M tonnes), together accounting for 44% of global consumption. The U.S., China, Pakistan, Mexico, Russia, Sudan, the UK, France and the Philippines lagged somewhat behind, together comprising a further 25%.

What are the largest producers of cane molasses in the world?

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The countries with the highest volumes of cane molasses production in 2019 were Brazil (16M tonnes), India (9.5M tonnes) and Thailand (5.5M tonnes), together comprising 45% of global production. China, Pakistan, Mexico, the U.S., Russia, Sudan, Indonesia and the Philippines lagged somewhat behind, together accounting for a further 22%.

What are the leading exporters of cane molasses in the world?

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In value terms, India ($93M), Indonesia ($82M) and the Philippines ($60M) constituted the countries with the highest levels of exports in 2019, with a combined 35% share of global exports. These countries were followed by Guatemala, Australia, Thailand, Pakistan, El Salvador, Honduras, Nicaragua, Mozambique and Zambia, which together accounted for a further 38%.

What are the leading importers of cane molasses in the world?

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In value terms, the largest cane molasses importing markets worldwide were the U.S. ($141M), the UK ($79M) and South Korea ($70M), with a combined 45% share of global imports. These countries were followed by the Philippines, Japan, France, Italy, Ireland, the Netherlands, Thailand, Belgium and South Africa, which together accounted for a further 32%.

What is the average export price for cane molasses in the world?

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The average cane molasses export price stood at $156 per tonne in 2019, remaining stable against the previous year.

What is the average import price for cane molasses in the world?

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In 2019, the average cane molasses import price amounted to $159 per tonne, growing by 7.5% against the previous year.