ASEAN: Cane Molasses Market 2024

Cane Molasses Market Size in ASEAN

The ASEAN cane molasses market dropped to $X in 2022, which is down by X% against the previous year. The total consumption indicated a measured 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 increased by X% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2021, and then reduced in the following year.

Cane Molasses Production in ASEAN

In value terms, cane molasses production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Cane Molasses Exports

Exports in ASEAN

In 2022, overseas shipments of cane molasses decreased by X% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, cane molasses exports contracted significantly to $X in 2022. Overall, exports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand represented the key exporter of cane molasses in ASEAN, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. Indonesia (X tons) ranks second in terms of the total exports with a X% share, followed by Myanmar (X%), Lao People's Democratic Republic (X%) and Vietnam (X%).

From 2012 to 2022, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Thailand ($X) emerged as the largest cane molasses supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports. It was followed by Lao People's Democratic Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Thailand amounted to X%. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Lao People's Democratic Republic (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, rising by X% against the previous year. Export price indicated a tangible expansion from 2012 to 2022: its price 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, cane molasses export price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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 Thailand ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

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

Cane Molasses Imports

Imports in ASEAN

In 2022, after three years of growth, there was significant decline in purchases abroad of cane molasses, when their volume decreased by X% to X tons. Over the period under review, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. The volume of import peaked at X tons in 2021, and then contracted notably in the following year.

In value terms, cane molasses imports contracted to $X in 2022. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, the Philippines (X tons) represented the major importer of cane molasses, making up X% of total imports. Vietnam (X tons) ranks second in terms of the total imports with a X% share, followed by Thailand (X%).

The Philippines was also the fastest-growing in terms of the cane molasses imports, with a CAGR of X% from 2012 to 2022. At the same time, Thailand (X%) and Vietnam (X%) displayed positive paces of growth. The Philippines (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the total imports, while Vietnam saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the Philippines ($X) constitutes the largest market for imported cane molasses in ASEAN, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the Philippines amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, jumping by X% against the previous year. Import price indicated a strong expansion from 2012 to 2022: its price 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, cane molasses import price increased by X% against 2018 indices. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform