Ghana: Non-Cane Molasses Market 2025

Non-Cane Molasses Market Size in Ghana

The Ghanian non-cane molasses market shrank slightly to $X in 2022, stabilizing at the previous year. Overall, the total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +1.5% against 2020 indices. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Non-Cane Molasses Production in Ghana

In value terms, non-cane molasses production shrank slightly to $X in 2022 estimated in export price. Overall, production, however, posted a notable increase. The pace of growth was the most pronounced in 2018 with an increase of 48%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Non-Cane Molasses Exports

Exports from Ghana

In 2022, the amount of molasses (excluding cane molasses) exported from Ghana declined dramatically to X kg, reducing by -18.3% against 2021 figures. In general, exports faced a dramatic downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 1,202%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, non-cane molasses exports stood at $X in 2022. Over the period under review, exports recorded a abrupt decrease. The pace of growth was the most pronounced in 2013 with an increase of 509% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Togo (X kg) was the main destination for non-cane molasses exports from Ghana, accounting for a 85% share of total exports. Moreover, non-cane molasses exports to Togo exceeded the volume sent to the second major destination, Niger (X kg), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Togo stood at -21.3%.

In value terms, the largest markets for non-cane molasses exported from Ghana were Niger ($X) and Togo ($X).

Niger, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average non-cane molasses export price amounted to $X per ton, picking up by 36% against the previous year. Overall, the export price posted a strong increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 226% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Niger ($X per ton), while the average price for exports to Togo amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+6.3%).

Non-Cane Molasses Imports

Imports into Ghana

In 2022, supplies from abroad of molasses (excluding cane molasses) was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports recorded strong growth. The pace of growth appeared the most rapid in 2016 when imports increased by 244% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, non-cane molasses imports skyrocketed to $X in 2022. Overall, imports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2016 when imports increased by 125%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Lebanon (X tons), the United Arab Emirates (X tons) and the UK (X kg) were the main suppliers of non-cane molasses imports to Ghana, with a combined 95% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +59.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Lebanon ($X) and the UK ($X) were the largest non-cane molasses suppliers to Ghana, with a combined 83% share of total imports.

Among the main suppliers, Germany, with a CAGR of +46.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average non-cane molasses import price amounted to $X per ton, dropping by -22.8% against the previous year. In general, the import price, however, posted modest growth. The growth pace was the most rapid in 2019 an increase of 60%. The import price peaked at $X per ton in 2021, and then declined dramatically in the following year.

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 Germany ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+54.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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