Report Update Nov 1, 2024

Cuba - Molasses - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Molasse Market 2024

Molasse Market Size in Cuba

After two years of growth, the Cuban molasse market decreased by -4.3% to $X in 2021. Overall, consumption continues to indicate a slight decline. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Molasse Production in Cuba

In value terms, molasse production declined to $X in 2021 estimated in export price. In general, production continues to indicate a slight slump. The pace of growth appeared the most rapid in 2014 when the production volume increased by 47%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Molasse Exports

Exports from Cuba

In 2021, overseas shipments of molasses decreased by -3.5% to X tons, falling for the third consecutive year after two years of growth. Overall, exports saw a abrupt slump. The pace of growth appeared the most rapid in 2015 when exports increased by 141%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, molasse exports expanded significantly to $X in 2021. In general, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 120% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Norway (X tons), Guyana (X tons) and Austria (X tons) were the main destinations of molasse exports from Cuba, together accounting for 77% of total exports. These countries were followed by Germany, the Czech Republic and France, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +333.2%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Norway ($X) and Guyana ($X) were the largest markets for molasse exported from Cuba worldwide, with a combined 77% share of total exports. Austria, the Czech Republic and Germany lagged somewhat behind, together accounting for a further 23%.

Among the main countries of destination, Germany, with a CAGR of +161.8%, recorded the highest rates of growth with regard to 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 2021, the average molasse export price amounted to $X per ton, rising by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2014 an increase of 36%. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while the average price for exports to Guyana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (-0.5%), while the prices for the other major destinations experienced a decline.

Molasse Imports

Imports into Cuba

In 2019, overseas purchases of molasses decreased by -87.2% to X kg for the first time since 2016, thus ending a two-year declining trend. In general, imports faced a sharp slump. The growth pace was the most rapid in 2014 when imports increased by 274% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2019, the growth of imports remained at a lower figure.

In value terms, molasse imports declined dramatically to $X in 2019. Overall, imports recorded a precipitous setback. The growth pace was the most rapid in 2014 with an increase of 245% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2019, the growth of imports remained at a lower figure.

Imports by Country

In 2019, Peru (X kg) was the main supplier of molasse to Cuba, with a approx. 100% share of total imports.

From 2013 to 2019, the average annual growth rate of volume from Peru was relatively modest.

In value terms, Peru ($X) constituted the largest supplier of molasse to Cuba.

From 2013 to 2019, the average annual growth rate of value from Peru was relatively modest.

Import Prices by Country

In 2019, the average molasse import price amounted to $X per ton, declining by -39.2% against the previous year. Over the period under review, the import price saw a deep contraction. The pace of growth appeared the most rapid in 2014 a decrease of -7.9%. The import price peaked at $X per ton in 2018, and then reduced notably in the following year.

As there is only one major supplying country, the average price level is determined by prices for Peru.

From 2013 to 2019, the rate of growth in terms of prices for Angola amounted to 0.0% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for molasses in the world?

The countries with the highest volumes of in 2021 were India, Brazil and Thailand, together accounting for 50% of global consumption.

What are the largest producers of molasses in the world?

The countries with the highest volumes of in 2021 were India, Brazil and Thailand, with a combined 50% share of global production.

What are the leading suppliers of molasses to Cuba?

In value terms, Greece $213) constituted the largest supplier of molasse to Cuba, comprising 92% of total imports. The second position in the ranking was occupied by Serbia $17), with a 7.3% share of total imports.

What are the leading importers of molasses from Cuba?

In value terms, the largest markets for molasse exported from Cuba were Guyana and the Czech Republic.

What is the average export price for molasses in Cuba?

The average molasse export price stood at $369 per ton in 2021, rising by 6.3% against the previous year.

What is the average import price for molasses in Cuba?

In 2021, the average molasse import price amounted to $1,478 per ton, reducing by -2% against the previous year.

This report provides an in-depth analysis of the molasse market in Cuba. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 165 - Molasses

Country coverage:

Cuba

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Cuba
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023