Egypt: Non-Cane Molasses Market 2024

Non-Cane Molasses Market Size in Egypt

The Egyptian non-cane molasses market soared to $X in 2022, picking up by 47% against the previous year. Overall, the total consumption indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Non-Cane Molasses Production in Egypt

In value terms, non-cane molasses production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of 32%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Non-Cane Molasses Exports

Exports from Egypt

In 2022, the amount of molasses (excluding cane molasses) exported from Egypt declined remarkably to X tons, waning by -53.9% compared with the year before. Overall, exports, however, posted a noticeable expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 149% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-cane molasses exports shrank dramatically to $X in 2022. In general, exports, however, recorded measured growth. The pace of growth appeared the most rapid in 2013 with an increase of 93%. The exports peaked at $X in 2021, and then dropped rapidly in the following year.

Exports by Country

Canada (X tons), the UK (X tons) and Indonesia (X tons) were the main destinations of non-cane molasses exports from Egypt, with a combined 57% share of total exports. The United States, Italy, Portugal, Tunisia, Turkey and Spain lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +73.9%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), the UK ($X) and Indonesia ($X) appeared to be the largest markets for non-cane molasses exported from Egypt worldwide, with a combined 56% share of total exports. The United States, Italy, Portugal, Tunisia, Turkey and Spain lagged somewhat behind, together accounting for a further 37%.

Among the main countries of destination, the United States, with a CAGR of +75.0%, 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

The average non-cane molasses export price stood at $X per ton in 2022, picking up by 6.1% against the previous year. Over the period under review, the export price, however, continues to indicate a slight curtailment. The pace of growth was the most pronounced in 2021 an increase of 23%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Indonesia ($X per ton) and Canada ($X per ton), while the average price for exports to Italy ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Cane Molasses Imports

Imports into Egypt

In 2022, imports of molasses (excluding cane molasses) into Egypt reduced sharply to X kg, waning by -98.5% against 2021. In general, imports showed a dramatic contraction. The most prominent rate of growth was recorded in 2021 with an increase of 13,073%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, non-cane molasses imports contracted dramatically to $X in 2022. Overall, imports continue to indicate a precipitous contraction. The growth pace was the most rapid in 2021 when imports increased by 6,492% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X kg) constituted the largest non-cane molasses supplier to Egypt, accounting for a 81% share of total imports. Moreover, non-cane molasses imports from India exceeded the figures recorded by the second-largest supplier, Russia (X kg), fourfold.

From 2012 to 2022, the average annual growth rate of volume from India was relatively modest.

In value terms, India ($X) constituted the largest supplier of molasses (excluding cane molasses) to Egypt, comprising 81% of total imports. The second position in the ranking was taken by Russia ($X), with a 19% share of total imports.

From 2012 to 2022, the average annual growth rate of value from India was relatively modest.

Import Prices by Country

In 2022, the average non-cane molasses import price amounted to $X per ton, growing by 8.9% against the previous year. Overall, the import price, however, faced a abrupt descent. The most prominent rate of growth was recorded in 2017 an increase of 50%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per ton), while the price for India stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-3.1%).

Source: IndexBox Platform

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