Australia: Non-Cane Molasses Market 2025

Non-Cane Molasses Market Size in Australia

The Australian non-cane molasses market reached $X in 2022, picking up by 3.7% against the previous year. Overall, consumption saw a relatively flat trend pattern. Non-cane molasses consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Non-Cane Molasses Production in Australia

In value terms, non-cane molasses production stood at $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 43%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Non-Cane Molasses Exports

Exports from Australia

In 2022, non-cane molasses exports from Australia fell notably to X tons, reducing by -60.1% compared with the previous year's figure. Overall, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2015 when exports increased by 810%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-cane molasses exports dropped notably to $X in 2022. Over the period under review, exports recorded a deep slump. The pace of growth appeared the most rapid in 2015 with an increase of 1,031% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Singapore (X tons), Fiji (X tons) and New Zealand (X tons) were the main destinations of non-cane molasses exports from Australia, with a combined 79% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Fiji (with a CAGR of +7.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-cane molasses exported from Australia were Fiji ($X), Hong Kong SAR ($X) and Vietnam ($X), with a combined 73% share of total exports.

In terms of the main countries of destination, Vietnam, with a CAGR of +49.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average non-cane molasses export price amounted to $X per ton, surging by 40% against the previous year. Overall, the export price, however, recorded a pronounced curtailment. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+47.7%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Cane Molasses Imports

Imports into Australia

In 2022, overseas purchases of molasses (excluding cane molasses) decreased by -39.8% to X tons, falling for the third consecutive year after three years of growth. Overall, imports recorded a deep slump. The pace of growth was the most pronounced in 2019 with an increase of 204%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, non-cane molasses imports reduced to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 126%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Africa (X tons), Jordan (X tons) and Lebanon (X tons) were the main suppliers of non-cane molasses imports to Australia, with a combined 72% share of total imports. Turkey, Sri Lanka, India, the United Arab Emirates and Vietnam lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +47.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-cane molasses suppliers to Australia were Lebanon ($X), Sri Lanka ($X) and Jordan ($X), together accounting for 72% of total imports. Turkey, South Africa, the United Arab Emirates, India and Vietnam lagged somewhat behind, together comprising a further 19%.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +34.2%, saw the highest rates of growth with regard to 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

The average non-cane molasses import price stood at $X per ton in 2022, picking up by 62% against the previous year. In general, the import price saw a strong increase. The pace of growth was the most pronounced in 2021 when the average import price increased by 181%. Over the period under review, average import prices hit record highs at $X per ton in 2017; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while the price for South Africa ($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 (+89.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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