Report Update Nov 1, 2024

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

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Ecuador: Molasse Market 2024

Molasse Market Size in Ecuador

The Ecuadorian molasse market reduced to $X in 2022, which is down by -10.3% against the previous year. In general, consumption saw a noticeable descent. Molasse consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Molasse Production in Ecuador

In value terms, molasse production fell notably to $X in 2022 estimated in export price. Overall, production, however, showed a deep reduction. The pace of growth was the most pronounced in 2017 with an increase of 112%. Molasse production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Molasse Exports

Exports from Ecuador

In 2022, shipments abroad of molasses increased by 28% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of 324%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, molasse exports contracted significantly to $X in 2022. Overall, exports, however, showed a drastic downturn. The growth pace was the most rapid in 2017 when exports increased by 169% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Guatemala (X tons) was the main destination for molasse exports from Ecuador, accounting for a 82% share of total exports. Moreover, molasse exports to Guatemala exceeded the volume sent to the second major destination, Spain (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to Guatemala was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-19.1% per year) and the United States (-44.5% per year).

In value terms, Guatemala ($X) emerged as the key foreign market for molasses exports from Ecuador, comprising 58% of total exports. The second position in the ranking was held by Spain ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Guatemala was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-27.1% per year) and the United States (-37.3% per year).

Export Prices by Country

The average molasse export price stood at $X per ton in 2022, dropping by -39.1% against the previous year. Over the period under review, the export price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 485%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Guatemala ($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 Peru (+164.3%), while the prices for the other major destinations experienced mixed trend patterns.

Molasse Imports

Imports into Ecuador

In 2022, approx. X tons of molasses were imported into Ecuador; dropping by -11.4% compared with the previous year's figure. In general, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 353% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, molasse imports fell sharply to $X in 2022. Over the period under review, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2017 when imports increased by 326% against the previous year. Imports peaked at $X in 2021, and then contracted notably in the following year.

Imports by Country

In 2022, Peru (X tons) was the main molasse supplier to Ecuador, accounting for a 97% share of total imports. It was followed by Colombia (X tons), with a 3.2% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Peru amounted to +11.5%.

In value terms, Peru ($X) constituted the largest supplier of molasses to Ecuador, comprising 97% of total imports. The second position in the ranking was held by Colombia ($X), with a 2.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Peru amounted to +9.0%.

Import Prices by Country

The average molasse import price stood at $X per ton in 2022, declining by -7.3% against the previous year. In general, the import price saw a perceptible curtailment. The most prominent rate of growth was recorded in 2021 an increase of 20%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Peru ($X per ton), while the price for Colombia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (-2.2%).

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 comprising 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, together accounting for 50% of global production.

What are the leading suppliers of molasses to Ecuador?

In value terms, Peru constituted the largest supplier of molasse to Ecuador.

What are the leading importers of molasses from Ecuador?

In value terms, the United States remains the key foreign market for molasse exports from Ecuador, comprising 61% of total exports. The second position in the ranking was occupied by Canada $406), with a 20% share of total exports.

What is the average export price for molasses in Ecuador?

In 2021, the average molasse export price amounted to $129 per ton, reducing by -22.1% against the previous year.

What is the average import price for molasses in Ecuador?

The average molasse import price stood at $189 per ton in 2021, increasing by 20% against the previous year.

This report provides an in-depth analysis of the molasse market in Ecuador. 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:

Ecuador

Data coverage:

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