Report Update Nov 1, 2024

Oman - Molasses (Excluding Cane Molasses) - Market Analysis, Forecast, Size, Trends and Insights

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Oman: Non-Cane Molasses Market 2024

Non-Cane Molasses Market Size in Oman

The Omani non-cane molasses market fell to $X in 2022, approximately mirroring the previous year. In general, consumption, however, recorded a resilient increase. Non-cane molasses consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Non-Cane Molasses Production in Oman

In value terms, non-cane molasses production amounted to $X in 2022 estimated in export price. Overall, production, however, showed a buoyant increase. The pace of growth was the most pronounced in 2016 when the production volume increased by 62%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Non-Cane Molasses Exports

Exports from Oman

In 2022, after four years of decline, there was significant growth in shipments abroad of molasses (excluding cane molasses), when their volume increased by 47% to X kg. Overall, exports, however, saw a significant contraction. The growth pace was the most rapid in 2016 when exports increased by 240%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, non-cane molasses exports surged to $X in 2022. In general, exports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 833% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X kg) was the main destination for non-cane molasses exports from Oman, accounting for a approx. 99% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at -11.1%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for molasses (excluding cane molasses) exports from Oman.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates totaled -12.9%.

Export Prices by Country

The average non-cane molasses export price stood at $X per ton in 2022, shrinking by -7% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 174%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +3,581.8% per year.

Non-Cane Molasses Imports

Imports into Oman

In 2022, imports of molasses (excluding cane molasses) into Oman dropped dramatically to X tons, with a decrease of -24.2% compared with the year before. Over the period under review, imports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2019 with an increase of 1,989% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, non-cane molasses imports fell dramatically to $X in 2022. In general, imports recorded a deep setback. The most prominent rate of growth was recorded in 2019 when imports increased by 614%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of non-cane molasses to Oman, accounting for a 67% share of total imports. Moreover, non-cane molasses imports from India exceeded the figures recorded by the second-largest supplier, Mauritius (X tons), fourfold. The United Arab Emirates (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from India totaled +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Mauritius (+28.2% per year) and the United Arab Emirates (+26.1% per year).

In value terms, Mauritius ($X), the United Arab Emirates ($X) and India ($X) constituted the largest non-cane molasses suppliers to Oman, with a combined 95% share of total imports.

Mauritius, with a CAGR of +24.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-cane molasses import price stood at $X per ton in 2022, with a decrease of -6.2% against the previous year. Over the period under review, the import price continues to indicate a mild setback. The growth pace was the most rapid in 2017 when the average import price increased by 72% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mauritius ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for molasses (excluding cane molasses) in the world?

China remains the largest non-cane molasses consuming country worldwide, accounting for 17% of total volume. Moreover, non-cane molasses consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 6.2% share.

What are the largest producers of molasses (excluding cane molasses) in the world?

China remains the largest non-cane molasses producing country worldwide, comprising approx. 17% of total volume. Moreover, non-cane molasses production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with a 6.2% share.

What are the leading suppliers of molasses (excluding cane molasses) to Oman?

In value terms, India constituted the largest supplier of non-cane molasses to Oman, comprising 66% of total imports. The second position in the ranking was occupied by Pakistan, with a 3% share of total imports.

What are the leading importers of molasses (excluding cane molasses) from Oman?

In value terms, the United Arab Emirates remains the key foreign market for non-cane molasses exports from Oman.

What is the average export price for molasses (excluding cane molasses) in Oman?

In 2021, the average non-cane molasses export price amounted to $805 per ton, surging by 3.5% against the previous year.

What is the average import price for molasses (excluding cane molasses) in Oman?

In 2021, the average non-cane molasses import price amounted to $1,360 per ton, dropping by -27.5% against the previous year.

This report provides an in-depth analysis of the non-cane molasses market in Oman. 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:

Prodcom 10811450 - Molasses obtained from the extraction or refining of sugar (excluding cane molasses)

Country coverage:

Oman

Data coverage:

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

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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