Ethiopia: Cane Molasses Market 2024

Cane Molasses Market Size in Ethiopia

The Ethiopian cane molasses market expanded sharply to $X in 2022, surging by X% against the previous year. Overall, consumption recorded strong growth. Cane molasses consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Cane Molasses Production in Ethiopia

In value terms, cane molasses production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Cane Molasses Exports

Exports from Ethiopia

In 2022, after two years of decline, there was significant growth in overseas shipments of cane molasses, when their volume increased by X% to X tons. Over the period under review, exports, however, faced a abrupt contraction. The pace of growth appeared the most rapid in 2019 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cane molasses exports expanded markedly to $X in 2022. In general, exports, however, showed a dramatic descent. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Djibouti (X tons) was the main destination for cane molasses exports from Ethiopia, with a X% share of total exports. Moreover, cane molasses exports to Djibouti exceeded the volume sent to the second major destination, Turkey (X tons), twofold. The third position in this ranking was taken by the UK (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Djibouti totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and the UK (X% per year).

In value terms, the UK ($X) remains the key foreign market for cane molasses exports from Ethiopia, comprising X% of total exports. The second position in the ranking was taken by Djibouti ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

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

Export Prices by Country

In 2022, the average cane molasses export price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2019 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Djibouti ($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 Egypt (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cane Molasses Imports

Imports into Ethiopia

In 2022, the amount of cane molasses imported into Ethiopia rose markedly to X tons, surging by X% on the previous year's figure. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, cane molasses imports expanded significantly to $X in 2022. Overall, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) was the main cane molasses supplier to Ethiopia, with a X% share of total imports. Moreover, cane molasses imports from the United States exceeded the figures recorded by the second-largest supplier, Turkey (X tons), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled X%.

In value terms, the United States ($X) constituted the largest supplier of cane molasses to Ethiopia, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to X%.

Import Prices by Country

The average cane molasses import price stood at $X per ton in 2022, approximately equating the previous year. In general, the import price showed a noticeable downturn. The growth pace was the most rapid in 2013 an increase of X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Turkey amounted to $X per ton.

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

Source: IndexBox Platform