Southern Asia: Non-Cane Molasses Market 2024

Non-Cane Molasses Market Size in Southern Asia

The South Asian non-cane molasses market was estimated at $X in 2022, growing by X% against the previous year. The total consumption indicated a moderate increase 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 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Non-Cane Molasses Production in Southern Asia

In value terms, non-cane molasses production expanded modestly to $X in 2022 estimated in export price. The total production indicated perceptible 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, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Non-Cane Molasses Exports

Exports in Southern Asia

After two years of growth, shipments abroad of molasses (excluding cane molasses) decreased by X% to X tons in 2022. Overall, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-cane molasses exports fell markedly to $X in 2022. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X%. The level of export peaked at $X in 2021, and then fell significantly in the following year.

Exports by Country

India represented the key exporter of molasses (excluding cane molasses) in Southern Asia, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. Pakistan (X tons) held the second position in the ranking, distantly followed by Bangladesh (X tons). All these countries together held approx. X% share of total exports.

India was also the fastest-growing in terms of the molasses (excluding cane molasses) exports, with a CAGR of X% from 2012 to 2022. Bangladesh (X%) and Pakistan (X%) illustrated a downward trend over the same period. India (X p.p.) and Bangladesh (X p.p.) significantly strengthened its position in terms of the total exports, while Pakistan saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, India ($X) remains the largest non-cane molasses supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total exports.

In India, non-cane molasses exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Bangladesh (X% per year) and Pakistan (X% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

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

Non-Cane Molasses Imports

Imports in Southern Asia

For the third consecutive year, Southern Asia recorded growth in purchases abroad of molasses (excluding cane molasses), which increased by X% to X tons in 2022. Over the period under review, imports saw a remarkable increase. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, non-cane molasses imports shrank notably to $X in 2022. Overall, imports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Afghanistan dominates imports structure, resulting at X tons, which was approx. X% of total imports in 2022. Bangladesh (X tons), India (X tons) and Bhutan (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to non-cane molasses imports into Afghanistan stood at X%. At the same time, Bangladesh (X%) and Bhutan (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, India (X%) illustrated a downward trend over the same period. Afghanistan (X p.p.) and Bangladesh (X p.p.) significantly strengthened its position in terms of the total imports, while India saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest non-cane molasses importing markets in Southern Asia were Afghanistan ($X), Bangladesh ($X) and Bhutan ($X), together comprising X% of total imports.

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

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the import price recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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