Myanmar: Molasse Market 2025

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

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