Australia - Cane Molasses - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAustralia's Cane Molasses Exports Fall by 16%, Dropping to $50 Million in 2024
Australia Cane Molasses Exports
In 2024, shipments abroad of cane molasses decreased by -29% to 241K tons, falling for the second year in a row after three years of growth. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 72% against the previous year. Over the period under review, the exports hit record highs at 594K tons in 2017; however, from 2018 to 2024, the exports remained at a lower figure.
In value terms, cane molasses exports dropped rapidly to $50M (IndexBox estimates) in 2024. In general, exports, however, posted strong growth. The growth pace was the most rapid in 2021 with an increase of 112% against the previous year. The exports peaked at $68M in 2022; however, from 2023 to 2024, the exports stood at a somewhat lower figure.
| COUNTRY | Export Value of Cane Molasses in Australia (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
| South Korea | 7.5 | 11.1 | 33.6 | 29.8 | 9.4 | N/A | N/A | 19.9 | 25.9 | 23.3 | 18.5 |
| New Zealand | 13.2 | 9.1 | 7.0 | 10.6 | 10.9 | 9.2 | 13.8 | 22.4 | 32.4 | 18.0 | 17.3 |
| United States | 6.5 | 6.9 | 6.0 | 6.0 | 6.3 | 9.5 | N/A | 5.5 | 6.3 | 10.7 | 8.4 |
| Thailand | N/A | N/A | 5.1 | 5.6 | 2.5 | N/A | 11.5 | 9.0 | 2.7 | 6.8 | 5.4 |
| Vietnam | N/A | 3.3 | N/A | 4.6 | N/A | N/A | 1.5 | N/A | N/A | N/A | N/A |
| Others | 1.5 | 6.7 | 3.6 | 0.1 | 4.7 | N/A | 0.2 | N/A | 0.2 | 0.1 | N/A |
| Total | 28.6 | 37.2 | 55.2 | 56.8 | 33.8 | 18.8 | 26.9 | 57.0 | 67.5 | 58.9 | 49.7 |
Exports by Country
New Zealand (92K tons), South Korea (81K tons) and the United States (41K tons) were the main destinations of cane molasses exports from Australia, with a combined 88% share of total exports.
From 2014 to 2024, the biggest increases were recorded for South Korea (with a CAGR of +2.7%), while shipments for the other leaders experienced a decline.
In value terms, South Korea ($18M), New Zealand ($17M) and the United States ($8.4M) appeared to be the largest markets for cane molasses exported from Australia worldwide, together comprising 89% of total exports.
South Korea, with a CAGR of +9.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2024, the cane molasses price stood at $206 per ton (FOB, Australia), jumping by 19% against the previous year. In general, export price indicated a resilient expansion from 2014 to 2024: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, cane molasses export price increased by +115.2% against 2017 indices. The pace of growth appeared the most rapid in 2018 an increase of 36% against the previous year. The export price peaked in 2024 and is likely to see steady growth in the near future.
Average prices varied noticeably for the major foreign markets. In 2024, amid the top suppliers, the highest price was recorded for prices to South Korea ($229 per ton) and the United States ($205 per ton), while the average price for exports to New Zealand ($189 per ton) and Thailand ($194 per ton) were amongst the lowest.
From 2014 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+22.3%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the cane molasses market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10811430 - Cane molasses
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
