Pakistan: Cane Molasses Market 2024

Cane Molasses Market Size in Pakistan

The Pakistani cane molasses market skyrocketed to $X in 2022, jumping 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 indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Cane Molasses Production in Pakistan

In value terms, cane molasses production skyrocketed to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Cane Molasses Exports

Exports from Pakistan

In 2022, overseas shipments of cane molasses decreased by X% to X tons, falling for the fourth year in a row after three years of growth. Overall, exports showed a sharp contraction. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, cane molasses exports contracted to $X in 2022. In general, exports showed a sharp slump. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X tons), Italy (X tons) and Ireland (X tons) were the main destinations of cane molasses exports from Pakistan, together comprising X% of total exports. South Korea, Saudi Arabia, the Netherlands, Turkey, Spain, France, Denmark, Norway, Belgium and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, the UK ($X), Ireland ($X) and Italy ($X) constituted the largest markets for cane molasses exported from Pakistan worldwide, together accounting for X% of total exports. South Korea, Denmark, Turkey, Spain, France, the Netherlands, Saudi Arabia, Norway, Belgium and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, South Korea, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average cane molasses export price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the export price, however, showed a slight descent. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (X%), while the prices for the other major destinations experienced mixed trend patterns.

Cane Molasses Imports

Imports into Pakistan

After three years of growth, purchases abroad of cane molasses decreased by X% to X tons in 2022. Over the period under review, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, cane molasses imports declined dramatically to $X in 2022. Overall, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked at $X in 2021, and then declined markedly in the following year.

Imports by Country

In 2022, the UK (X tons) was the main cane molasses supplier to Pakistan, accounting for a X% share of total imports. Moreover, cane molasses imports from the UK exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from the UK totaled X%.

In value terms, the UK ($X) constituted the largest supplier of cane molasses to Pakistan, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK totaled X%.

Import Prices by Country

The average cane molasses import price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the import price, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2018 an increase of X%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for the UK amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Source: IndexBox Platform

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