Africa: Cane Molasses Market 2024

Cane Molasses Market Size in Africa

The African cane molasses market rose notably to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when the market value increased by X%. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Cane Molasses Production in Africa

In value terms, cane molasses production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Cane Molasses Exports

Exports in Africa

In 2022, overseas shipments of cane molasses decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cane molasses exports declined dramatically to $X in 2022. In general, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Mozambique (X tons) and Sudan (X tons) were the major exporters of cane molasses in Africa, together finishing at approx. X% of total exports. Tanzania (X tons) took the next position in the ranking, followed by Zambia (X tons), Kenya (X tons) and Algeria (X tons). All these countries together took approx. X% share of total exports. Morocco (X tons) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Kenya (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Sudan ($X), Mozambique ($X) and Algeria ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Zambia, Tanzania, Morocco and Kenya lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Kenya, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price showed a noticeable descent. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then declined sharply in the following year.

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 Algeria ($X per ton), while Kenya ($X per ton) was amongst the lowest.

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

Cane Molasses Imports

Imports in Africa

In 2022, after two years of decline, there was significant growth in supplies from abroad of cane molasses, when their volume increased by X% to X tons. Overall, imports, however, recorded a abrupt slump. The growth pace was the most rapid in 2015 when imports increased by X%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, cane molasses imports soared to $X in 2022. In general, imports, however, continue to indicate a perceptible decrease. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, South Africa (X tons) and Uganda (X tons) were the key importers of cane molasses in Africa, together amounting to approx. X% of total imports. Malawi (X tons) ranks next in terms of the total imports with a X% share, followed by Namibia (X%) and Egypt (X%). The following importers - Djibouti (X tons) and Botswana (X tons) - each amounted to an X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Egypt (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cane molasses importing markets in Africa were Egypt ($X), South Africa ($X) and Malawi ($X), together accounting for X% of total imports.

In terms of the main importing countries, Egypt, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Africa 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%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Egypt ($X per ton), while Uganda ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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