Pakistan: Molasse Market 2024

Molasse Market Size in Pakistan

The Pakistani molasse market expanded slightly to $X in 2022, with an increase of 4.8% against the previous year. The market value increased at an average annual rate of +2.1% 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 reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Molasse Production in Pakistan

In value terms, molasse production rose notably to $X in 2022 estimated in export price. Over the period under review, the total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.6% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 45%. Molasse production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Molasse Exports

Exports from Pakistan

In 2022, overseas shipments of molasses decreased by -5.8% to X tons, falling for the fourth year in a row after three years of growth. Overall, exports saw a dramatic slump. The most prominent rate of growth was recorded in 2013 when exports increased by 629%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, molasse exports contracted sharply to $X in 2022. Over the period under review, exports saw a sharp descent. The pace of growth was the most pronounced in 2013 with an increase of 683%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Finland (X tons) was the main destination for molasse exports from Pakistan, accounting for a 16% share of total exports. Moreover, molasse exports to Finland exceeded the volume sent to the second major destination, the UK (X tons), twofold. The Philippines (X tons) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Finland amounted to +18,845.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-31.4% per year) and the Philippines (-33.4% per year).

In value terms, Finland ($X), Saudi Arabia ($X) and the Philippines ($X) appeared to be the largest markets for molasse exported from Pakistan worldwide, with a combined 53% share of total exports.

Among the main countries of destination, Finland, with a CAGR of +18,363.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average molasse export price stood at $X per ton in 2022, dropping by -20% against the previous year. In general, the export price, however, saw a resilient increase. The growth pace was the most rapid in 2021 when the average export price increased by 86%. As a result, the export price reached the peak level of $X per ton, and then fell remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to the Netherlands ($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 Saudi Arabia (+31.9%), while the prices for the other major destinations experienced more modest paces of growth.

Molasse Imports

Imports into Pakistan

In 2022, the amount of molasses imported into Pakistan reduced remarkably to X tons, waning by -19.4% on the year before. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 956% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, molasse imports plummeted to $X in 2022. Overall, imports, however, recorded strong growth. The growth pace was the most rapid in 2020 when imports increased by 248% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the UK (X tons) was the main molasse supplier to Pakistan, accounting for a 93% share of total imports. Moreover, molasse 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 amounted to +37.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-8.4% per year) and China (-36.6% per year).

In value terms, the UK ($X) constituted the largest supplier of molasses to Pakistan, comprising 80% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK stood at +38.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+12.9% per year) and China (-40.6% per year).

Import Prices by Country

In 2022, the average molasse import price amounted to $X per ton, which is down by -4.3% against the previous year. Over the period under review, the import price, however, continues to indicate a resilient expansion. The growth pace was the most rapid in 2021 an increase of 235%. As a result, import price reached the peak level of $X per ton, and then shrank modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for China ($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 Arab Emirates (+23.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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