India: Non-Cane Molasses Market 2025

Non-Cane Molasses Market Size in India

The Indian non-cane molasses market expanded to $X in 2022, rising by 3% against the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Non-Cane Molasses Production in India

In value terms, non-cane molasses production stood at $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 28%. Non-cane molasses production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Non-Cane Molasses Exports

Exports from India

After three years of growth, shipments abroad of molasses (excluding cane molasses) decreased by -64.9% to X tons in 2022. In general, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 212%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-cane molasses exports contracted remarkably to $X in 2022. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 208%. The exports peaked at $X in 2021, and then reduced remarkably in the following year.

Exports by Country

Nepal (X tons), Bangladesh (X tons) and Canada (X tons) were the main destinations of non-cane molasses exports from India, with a combined 89% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +93.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-cane molasses exported from India were Canada ($X), Nepal ($X) and Bangladesh ($X), together comprising 68% of total exports.

Among the main countries of destination, Bangladesh, with a CAGR of +87.1%, 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, shrinking by -4.9% against the previous year. In general, the export price, however, showed buoyant growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 130% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then contracted in the following year.

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 the UK ($X per ton), while the average price for exports to Nepal ($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 the UK (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Cane Molasses Imports

Imports into India

In 2022, the amount of molasses (excluding cane molasses) imported into India declined sharply to X tons, waning by -20.2% against 2021 figures. Overall, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 534% against the previous year. 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 declined markedly to $X in 2022. In general, imports recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 494% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Bangladesh (X tons) was the main non-cane molasses supplier to India, with a approx. 99.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Bangladesh totaled -17.1%.

In value terms, Bangladesh ($X) constituted the largest supplier of molasses (excluding cane molasses) to India.

From 2012 to 2022, the average annual growth rate of value from Bangladesh amounted to -20.5%.

Import Prices by Country

In 2022, the average non-cane molasses import price amounted to $X per ton, with a decrease of -82.4% against the previous year. Over the period under review, the import price showed a abrupt downturn. The growth pace was the most rapid in 2020 an increase of 1,215%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Bangladesh.

From 2012 to 2022, the rate of growth in terms of prices for Nepal amounted to +13.0% per year.

Source: IndexBox Platform

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