Report Update Nov 1, 2024

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

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Dominican Republic: Non-Cane Molasses Market 2024

Non-Cane Molasses Market Size in the Dominican Republic

The Dominican non-cane molasses market rose significantly to $X in 2022, picking up by 6.1% against the previous year. Over the period under review, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.3% against 2020 indices. Non-cane molasses consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Non-Cane Molasses Production in the Dominican Republic

In value terms, non-cane molasses production rose rapidly to $X in 2022 estimated in export price. In general, production, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2018 with an increase of 40% against the previous year. Non-cane molasses production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Non-Cane Molasses Exports

Exports from the Dominican Republic

In 2022, shipments abroad of molasses (excluding cane molasses) decreased by -57.7% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports saw a sharp descent. The pace of growth appeared the most rapid in 2021 when exports increased by 84%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, non-cane molasses exports shrank significantly to $X in 2022. In general, exports saw a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of 78%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for non-cane molasses exports from the Dominican Republic, with a approx. 97% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to -44.6%.

In value terms, the United States ($X) also remains the key foreign market for molasses (excluding cane molasses) exports from the Dominican Republic.

From 2012 to 2022, the average annual growth rate of value to the United States totaled -45.7%.

Export Prices by Country

In 2022, the average non-cane molasses export price amounted to $X per ton, increasing by 9.4% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 43%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for British Virgin Islands amounted to +10.9% per year.

Non-Cane Molasses Imports

Imports into the Dominican Republic

In 2022, overseas purchases of molasses (excluding cane molasses) were finally on the rise to reach X tons after two years of decline. In general, imports, however, showed a sharp decrease. The most prominent rate of growth was recorded in 2019 with an increase of 749% against the previous year. 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 soared to $X in 2022. Overall, imports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of 478%. 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

In 2022, the United States (X tons) was the main non-cane molasses supplier to the Dominican Republic, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to -29.1%.

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

From 2012 to 2022, the average annual growth rate of value from the United States stood at -5.0%.

Import Prices by Country

The average non-cane molasses import price stood at $X per ton in 2022, with an increase of 19% against the previous year. Over the period under review, the import price recorded a significant increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by 474% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +34.1% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for molasses (excluding cane molasses) in the world?

China remains the largest non-cane molasses consuming country worldwide, accounting for 17% of total volume. Moreover, non-cane molasses consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 6.2% share.

What are the largest producers of molasses (excluding cane molasses) in the world?

China constituted the country with the largest volume of non-cane molasses production, accounting for 17% of total volume. Moreover, non-cane molasses production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with a 6.2% share.

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

In value terms, Colombia constituted the largest supplier of non-cane molasses to the Dominican Republic, comprising 94% of total imports. The second position in the ranking was occupied by the United States $738), with a 6% share of total imports.

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

In value terms, Barbados, the United States and Antigua and Barbuda appeared to be the largest markets for non-cane molasses exported from the Dominican Republic worldwide, together accounting for 100% of total exports.

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

The average non-cane molasses export price stood at $185 per ton in 2021, dropping by -82.5% against the previous year.

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

In 2021, the average non-cane molasses import price amounted to $212 per ton, rising by 4.1% against the previous year.

This report provides an in-depth analysis of the non-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 10811450 - Molasses obtained from the extraction or refining of sugar (excluding 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