Eastern Asia: Cane Molasses Market 2024

Cane Molasses Market Size in Eastern Asia

After two years of growth, the East Asian cane molasses market decreased by X% to $X in 2022. Overall, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then fell in the following year.

Cane Molasses Production in Eastern Asia

In value terms, cane molasses production dropped significantly to $X in 2022 estimated in export price. In general, production saw a strong expansion. The growth pace was the most rapid in 2021 with an increase of X%. As a result, production attained the peak level of $X, and then dropped dramatically in the following year.

Cane Molasses Exports

Exports in Eastern Asia

In 2022, shipments abroad of cane molasses was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a noticeable slump. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, cane molasses exports soared to $X in 2022. In general, exports showed a remarkable increase. The pace of growth appeared the most rapid in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) dominates exports structure, reaching X tons, which was near X% of total exports in 2022. China (X tons) held a little share of total exports.

Taiwan (Chinese) was also the fastest-growing in terms of the cane molasses exports, with a CAGR of X% from 2012 to 2022. China (X%) illustrated a downward trend over the same period. Taiwan (Chinese) (X p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Taiwan (Chinese) ($X) remains the largest cane molasses supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports.

In Taiwan (Chinese), cane molasses exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price showed prominent growth. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Cane Molasses Imports

Imports in Eastern Asia

In 2022, the amount of cane molasses imported in Eastern Asia dropped to X tons, waning by X% against 2021 figures. In general, imports recorded a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, cane molasses imports surged to $X in 2022. Total imports indicated a modest 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, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

South Korea represented the major importer of cane molasses in Eastern Asia, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by Japan (X tons), committing a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to cane molasses imports into South Korea stood at X%. Japan experienced a relatively flat trend pattern. From 2012 to 2022, the share of Japan and South Korea increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) constitutes the largest market for imported cane molasses in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports.

In South Korea, cane molasses imports increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, jumping by X% against the previous year. Import price indicated a prominent increase from 2012 to 2022: its price 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, cane molasses import price increased by X% against 2015 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while South Korea totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%).

Source: IndexBox Platform

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