Report Update Nov 1, 2024

Dominican Republic - Cane Molasses - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Cane Molasses Market 2024

Cane Molasses Market Size in the Dominican Republic

After two years of growth, the Dominican cane molasses market decreased by X% to $X in 2022. Overall, consumption recorded a noticeable setback. Cane molasses consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Cane Molasses Production in the Dominican Republic

In value terms, cane molasses production shrank to $X in 2022 estimated in export price. Overall, the total production 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, production increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2021, and then declined in the following year.

Cane Molasses Exports

Exports from the Dominican Republic

In 2022, exports of cane molasses from the Dominican Republic skyrocketed to X tons, surging by X% against the year before. Overall, exports recorded resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cane molasses exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of X% 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 2020 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for cane molasses exports from the Dominican Republic, with a X% share of total exports. Moreover, cane molasses exports to the United States exceeded the volume sent to the second major destination, Barbados (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Barbados (X% per year) and Trinidad and Tobago (X% per year).

In value terms, the United States ($X) remains the key foreign market for cane molasses exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by Barbados ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Barbados (X% per year) and Trinidad and Tobago (X% per year).

Export Prices by Country

The average cane molasses export price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the export price showed a perceptible shrinkage. The growth pace was the most rapid in 2020 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Trinidad and Tobago ($X per ton), while the average price for exports to the United States ($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 Jamaica (X%), while the prices for the other major destinations experienced a decline.

Cane Molasses Imports

Imports into the Dominican Republic

In 2018, supplies from abroad of cane molasses decreased by X% to X tons for the first time since 2015, thus ending a two-year declining trend. In general, imports continue to indicate a dramatic downturn. The smallest decline of X% was in 2016. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2018, imports stood at a somewhat lower figure.

In value terms, cane molasses imports stood at $X in 2018. Over the period under review, imports recorded a sharp decrease. The smallest decline of X% was in 2016. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2018, imports failed to regain momentum.

Imports by Country

In 2018, Panama (X tons) was the main cane molasses supplier to the Dominican Republic, with a approx. X% share of total imports.

From 2015 to 2018, the average annual rate of growth in terms of volume from Panama totaled X%.

In value terms, Panama ($X) constituted the largest supplier of cane molasses to the Dominican Republic.

From 2015 to 2018, the average annual rate of growth in terms of value from Panama amounted to X%.

Import Prices by Country

In 2018, the average cane molasses import price amounted to $X per ton, approximately mirroring the previous year. In general, the import price recorded a deep slump. The growth pace was the most rapid in 2016 when the average import price decreased by X%. The import price peaked at $X per ton in 2015; however, from 2016 to 2018, import prices stood at a somewhat lower figure.

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

From 2015 to 2018, the rate of growth in terms of prices for Panama amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cane molasses in the world?

Curacao constituted the country with the largest volume of cane molasses consumption, comprising approx. 21% of total volume. Moreover, cane molasses consumption in Curacao exceeded the figures recorded by the second-largest consumer, China, twofold. Russia ranked third in terms of total consumption with a 7.6% share.

What are the largest producers of cane molasses in the world?

The countries with the highest volumes of cane molasses production in 2020 were China, Russia and India, together comprising 28% of global production.

What are the leading suppliers of cane molasses to the Dominican Republic?

In value terms, the United States $827) constituted the largest supplier of cane molasses to the Dominican Republic.

What are the leading importers of cane molasses from the Dominican Republic?

In value terms, the United States remains the key foreign market for cane molasses exports from the Dominican Republic, comprising 76% of total exports. The second position in the ranking was occupied by Barbados, with a 9.7% share of total exports. It was followed by Jamaica, with an 8.3% share.

What is the average export price for cane molasses in the Dominican Republic?

The average cane molasses export price stood at $156 per ton in 2020, declining by -19.5% against the previous year.

What is the average import price for cane molasses in the Dominican Republic?

The average cane molasses import price stood at $7,657 per ton in 2020, approximately equating the previous year.

This report provides an in-depth analysis of the cane molasses market in the Dominican Republic. 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:

Prodcom 10811430 - Cane molasses

Country coverage:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
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