Report Update Nov 1, 2024

Myanmar - Molasses - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Molasse Market 2024

Molasse Market Size in Myanmar

In 2022, the Myanmar's molasse market increased by 73% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption recorded strong growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Molasse Production in Myanmar

In value terms, molasse production surged to $X in 2022 estimated in export price. In general, production, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 when the production volume increased by 418%. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Molasse Exports

Exports from Myanmar

In 2022, approx. X tons of molasses were exported from Myanmar; surging by 14% compared with 2021 figures. Overall, exports, however, continue to indicate a dramatic contraction. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, molasse exports rose rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt slump. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam (X tons) was the main destination for molasse exports from Myanmar, accounting for a approx. 99.9% share of total exports.

From 2020 to 2022, the average annual growth rate of volume to Vietnam stood at -30.0%.

In value terms, Vietnam ($X) also remains the key foreign market for molasses exports from Myanmar.

From 2020 to 2022, the average annual growth rate of value to Vietnam stood at -12.1%.

Export Prices by Country

The average molasse export price stood at $X per ton in 2022, waning by -7.3% against the previous year. Over the period under review, export price indicated significant growth from 2020 to 2022: its price increased at an average annual rate of +21.4% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, molasse export price increased by +47.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 59% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell in the following year.

As there is only one major export destination, the average price level is determined by prices for Vietnam.

From 2020 to 2022, the rate of growth in terms of prices for Vietnam amounted to +25.4% per year.

Molasse Imports

Imports into Myanmar

Molasse imports into Myanmar soared to X tons in 2022, jumping by 44% compared with the previous year. Overall, imports, however, faced a abrupt descent. The pace of growth was the most pronounced in 2013 with an increase of 193%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, molasse imports soared to $X in 2022. Over the period under review, imports, however, showed a slight reduction. The pace of growth appeared the most rapid in 2014 with an increase of 268% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Taiwan (Chinese) (X tons) was the main molasse supplier to Myanmar, with a 95% share of total imports. Moreover, molasse imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Belgium (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Taiwan (Chinese) stood at +31.6%.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of molasses to Myanmar, comprising 95% of total imports. The second position in the ranking was held by Belgium ($X), with a 4.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Taiwan (Chinese) amounted to +40.5%.

Import Prices by Country

The average molasse import price stood at $X per ton in 2022, increasing by 94% against the previous year. Over the period under review, the import price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2015 an increase of 249% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Taiwan (Chinese) amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+110.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for molasses in the world?

The countries with the highest volumes of in 2021 were India, Brazil and Thailand, with a combined 50% share of global consumption.

What are the largest producers of molasses in the world?

The countries with the highest volumes of in 2021 were India, Brazil and Thailand, together accounting for 50% of global production.

What are the leading suppliers of molasses to Myanmar?

In value terms, China, Singapore and Thailand $900) were the largest molasse suppliers to Myanmar, together accounting for 92% of total imports.

What is the average export price for molasses in Myanmar?

The average molasse export price stood at $83 per ton in 2021, therefore, remained relatively stable against the previous year.

What is the average import price for molasses in Myanmar?

In 2021, the average molasse import price amounted to $699 per ton, shrinking by -38.3% against the previous year.

This report provides an in-depth analysis of the molasse market in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 165 - Molasses

Country coverage:

Myanmar

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Myanmar
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023