Middle East: Cane Molasses Market 2024

Cane Molasses Market Size in the Middle East

The Middle Eastern cane molasses market rose remarkably to $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Cane Molasses Production in the Middle East

In value terms, cane molasses production rose rapidly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Cane Molasses Exports

Exports in the Middle East

After two years of growth, shipments abroad of cane molasses decreased by X% to X tons in 2022. In general, exports showed a noticeable setback. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, cane molasses exports contracted notably to $X in 2022. Over the period under review, exports continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then reduced dramatically in the following year.

Exports by Country

Iran (X tons) and the United Arab Emirates (X tons) prevails in exports structure, together committing X% of total exports. It was distantly followed by Saudi Arabia (X tons), making up a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the United Arab Emirates ($X) remains the largest cane molasses supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Iran ($X), with a X% share of total exports.

In the United Arab Emirates, cane molasses exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Iran (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, approximately reflecting the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Cane Molasses Imports

Imports in the Middle East

In 2022, overseas purchases of cane molasses increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, cane molasses imports skyrocketed to $X in 2022. In general, imports, however, recorded a mild decline. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Turkey dominates imports structure, accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by Oman (X tons), making up a X% share of total imports. Syrian Arab Republic (X tons) followed a long way behind the leaders.

Imports into Turkey decreased at an average annual rate of X% from 2012 to 2022. At the same time, Oman (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Syrian Arab Republic (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey and Oman increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported cane molasses in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Oman ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey totaled X%. In the other countries, the average annual rates were as follows: Oman (X% per year) and Syrian Arab Republic (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, increasing by X% against the previous year. Import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cane molasses import price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, import prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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