Malaysia: Cane Molasses Market 2024

Cane Molasses Market Size in Malaysia

In 2022, the Malaysian cane molasses market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption, however, recorded a abrupt contraction. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Cane Molasses Production in Malaysia

In value terms, cane molasses production expanded notably to $X in 2022 estimated in export price. Over the period under review, production, however, showed a perceptible curtailment. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Cane Molasses Exports

Exports from Malaysia

In 2022, overseas shipments of cane molasses decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2020 when exports increased by X%. The exports peaked at X tons in 2021, and then shrank in the following year.

In value terms, cane molasses exports declined modestly to $X in 2022. In general, exports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of X%. The exports peaked at $X in 2021, and then declined slightly in the following year.

Exports by Country

The UK (X tons), Singapore (X tons) and Hong Kong SAR (X tons) were the main destinations of cane molasses exports from Malaysia, with a combined X% share of total exports.

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

In value terms, Singapore ($X), the UK ($X) and Indonesia ($X) were the largest markets for cane molasses exported from Malaysia worldwide, together accounting for X% of total exports. Hong Kong SAR and Canada lagged somewhat behind, together accounting for a further X%.

Canada, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cane molasses export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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

Cane Molasses Imports

Imports into Malaysia

In 2022, the amount of cane molasses imported into Malaysia dropped dramatically to X tons, reducing by X% compared with the previous year. Overall, imports saw a abrupt decline. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, cane molasses imports dropped sharply to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Indonesia (X tons) was the main cane molasses supplier to Malaysia, accounting for a X% share of total imports. It was followed by Thailand (X tons), with a X% share of total imports. The third position in this ranking was taken by Vietnam (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Indonesia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Vietnam (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from Indonesia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Vietnam (X% per year).

Import Prices by Country

The average cane molasses import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price showed a strong expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Indonesia ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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