Japan: Molasse Market 2024

Molasse Market Size in Japan

In 2022, the Japanese molasse market increased by 0.7% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of +4.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the near future.

Molasse Production in Japan

In value terms, molasse production soared to $X in 2022 estimated in export price. Overall, production showed a perceptible decline. The most prominent rate of growth was recorded in 2020 with an increase of 828% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Molasse Exports

Exports from Japan

In 2022, approx. X tons of molasses were exported from Japan; increasing by 97% against the previous year's figure. Over the period under review, exports recorded noticeable growth. The pace of growth was the most pronounced in 2018 with an increase of 178% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, molasse exports skyrocketed to $X in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 242%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Finland (X tons) was the main destination for molasse exports from Japan, accounting for a 67% share of total exports. Moreover, molasse exports to Finland exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), threefold. Hong Kong SAR (X tons) ranked third in terms of total exports with a 6.7% share.

From 2012 to 2022, the average annual growth rate of volume to Finland amounted to +49.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+47.0% per year) and Hong Kong SAR (+30.2% per year).

In value terms, Finland ($X), Hong Kong SAR ($X) and Taiwan (Chinese) ($X) constituted the largest markets for molasse exported from Japan worldwide, together accounting for 83% of total exports.

Among the main countries of destination, Taiwan (Chinese), with a CAGR of +50.7%, saw 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 molasse export price stood at $X per ton in 2022, with an increase of 42% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced contraction. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Hong Kong SAR ($X per ton), while the average price for exports to Finland ($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 South Korea (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Molasse Imports

Imports into Japan

Molasse imports into Japan contracted slightly to X tons in 2022, with a decrease of -2% on the year before. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 15%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, molasse imports stood at $X in 2022. Over the period under review, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +24.9% against 2015 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 35%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Thailand (X tons) constituted the largest molasse supplier to Japan, with a 76% share of total imports. Moreover, molasse imports from Thailand exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand stood at +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+14.0% per year) and the Philippines (-46.0% per year).

In value terms, Thailand ($X) constituted the largest supplier of molasses to Japan, comprising 74% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 24% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Thailand totaled +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+18.4% per year) and the Philippines (-44.4% per year).

Import Prices by Country

The average molasse import price stood at $X per ton in 2022, with an increase of 3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.9%. The pace of growth was the most pronounced in 2020 when the average import price increased by 26% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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