Canada: Non-Cane Molasses Market 2025

Non-Cane Molasses Market Size in Canada

The Canadian non-cane molasses market rose rapidly to $X in 2022, picking up by 10% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Non-cane molasses consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Non-Cane Molasses Production in Canada

In value terms, non-cane molasses production expanded to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 33% against the previous year. Non-cane molasses production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Non-Cane Molasses Exports

Exports from Canada

In 2022, approx. X tons of molasses (excluding cane molasses) were exported from Canada; picking up by 19% compared with the previous year. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 209%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-cane molasses exports rose rapidly to $X in 2022. Over the period under review, exports showed a slight increase. The pace of growth was the most pronounced in 2016 when exports increased by 207%. 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

The United States (X tons) and South Korea (X tons) were the main destinations of non-cane molasses exports from Canada.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +3.4%).

In value terms, the United States ($X) and South Korea ($X) were the largest markets for non-cane molasses exported from Canada worldwide.

The United States, with a CAGR of +1.2%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average non-cane molasses export price stood at $X per ton in 2022, falling by -10.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 25% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to South Korea totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.1%), while the prices for the other major destinations experienced a decline.

Non-Cane Molasses Imports

Imports into Canada

In 2022, imports of molasses (excluding cane molasses) into Canada soared to X tons, jumping by 25% against 2021. Overall, imports, however, recorded a slight decline. The most prominent rate of growth was recorded in 2020 with an increase of 102%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, non-cane molasses imports surged to $X in 2022. Over the period under review, total imports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +143.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 108%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Egypt (X tons), the United States (X tons) and Switzerland (X tons) were the main suppliers of non-cane molasses imports to Canada, with a combined 96% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of +191.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-cane molasses suppliers to Canada were Egypt ($X), the United States ($X) and India ($X), with a combined 96% share of total imports.

Egypt, with a CAGR of +198.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average non-cane molasses import price amounted to $X per ton, growing by 27% against the previous year. Overall, the import price showed a noticeable expansion. The growth pace was the most rapid in 2015 an increase of 48% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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 India ($X per ton), while the price for Switzerland ($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 United States (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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