MERCOSUR: Molasse Market 2024

Molasse Market Size in MERCOSUR

The MERCOSUR molasse market rose notably to $X in 2022, surging by 9.5% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Molasse Production in MERCOSUR

In value terms, molasse production soared to $X in 2022 estimated in export price. In general, production, however, recorded a slight decrease. The growth pace was the most rapid in 2020 with an increase of 461% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Molasse Exports

Exports in MERCOSUR

In 2022, shipments abroad of molasses was finally on the rise to reach X tons after two years of decline. In general, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2014 when exports increased by 201%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, molasse exports fell modestly to $X in 2022. Overall, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 134% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Colombia (X tons) and Peru (X tons) represented the key exporters of molasses in 2022, amounting to approx. 38% and 33% of total exports, respectively. Argentina (X tons) held the next position in the ranking, followed by Paraguay (X tons). All these countries together took approx. 26% share of total exports. Venezuela (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +21.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest molasse supplying countries in MERCOSUR were Colombia ($X), Peru ($X) and Argentina ($X), together comprising 84% of total exports.

Argentina, with a CAGR of +23.2%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, shrinking by -5.8% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the export price increased by 107%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+1.8%), while the other leaders experienced a decline in the export price figures.

Molasse Imports

Imports in MERCOSUR

In 2022, supplies from abroad of molasses increased by 4.4% to X tons, rising for the second consecutive year after two years of decline. In general, imports posted a strong increase. The pace of growth appeared the most rapid in 2017 when imports increased by 168% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, molasse imports reduced to $X in 2022. Over the period under review, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 140%. Over the period under review, imports attained the maximum at $X in 2021, and then reduced in the following year.

Imports by Country

Guyana (X tons) and Ecuador (X tons) were the largest importers of molasses in 2022, amounting to approx. 38% and 37% of total imports, respectively. It was distantly followed by Chile (X tons) and Brazil (X tons), together generating a 22% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Guyana (with a CAGR of +343.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Guyana ($X), Ecuador ($X) and Chile ($X) constituted the countries with the highest levels of imports in 2022, with a combined 85% share of total imports.

Guyana, with a CAGR of +264.7%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, reducing by -16.8% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the import price increased by 25% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2021, and then contracted dramatically in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+7.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform