Brazil: Molasse Market 2024

Molasse Market Size in Brazil

The Brazilian molasse market was estimated at $X in 2022, growing by 11% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Molasse Production in Brazil

In value terms, molasse production skyrocketed to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 1,237%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Molasse Exports

Exports from Brazil

Molasse exports from Brazil dropped sharply to X tons in 2022, with a decrease of -67.2% compared with the previous year's figure. In general, exports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2021 when exports increased by 1,694%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, molasse exports shrank notably to $X in 2022. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 2,899%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Chile (X tons), Uruguay (X tons) and the United States (X tons) were the main destinations of molasse exports from Brazil, together accounting for 86% 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 the United States (with a CAGR of +147.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for molasse exported from Brazil were Uruguay ($X), Chile ($X) and the United States ($X), together comprising 73% of total exports.

The United States, with a CAGR of +159.8%, recorded the highest growth rate of 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

The average molasse export price stood at $X per ton in 2022, rising by 105% against the previous year. In general, the export price showed a resilient increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 120%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

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 Canada ($X per ton), while the average price for exports to Chile ($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 the United Arab Emirates (+74.6%), while the prices for the other major destinations experienced more modest paces of growth.

Molasse Imports

Imports into Brazil

In 2022, purchases abroad of molasses decreased by -23.5% to X tons, falling for the second consecutive year after two years of growth. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 73%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, molasse imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 99%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Belarus (X tons) constituted the largest molasse supplier to Brazil, with a 74% share of total imports. Moreover, molasse imports from Belarus exceeded the figures recorded by the second-largest supplier, Russia (X tons), sevenfold. Egypt (X tons) ranked third in terms of total imports with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belarus stood at +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-4.9% per year) and Egypt (-6.0% per year).

In value terms, Belarus ($X) constituted the largest supplier of molasses to Brazil, comprising 70% of total imports. The second position in the ranking was held by Russia ($X), with an 8.2% share of total imports. It was followed by Egypt, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value from Belarus amounted to +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-0.0% per year) and Egypt (-3.9% per year).

Import Prices by Country

The average molasse import price stood at $X per ton in 2022, rising by 54% against the previous year. Overall, the import price posted a strong increase. 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 supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+36.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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