SADC: Cane Molasses Market 2024

Cane Molasses Market Size in SADC

In 2022, the SADC cane molasses market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Cane Molasses Production in SADC

In value terms, cane molasses production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Cane Molasses Exports

Exports in SADC

In 2022, overseas shipments of cane molasses decreased by X% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, cane molasses exports dropped markedly to $X in 2022. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Mozambique (X tons) was the major exporter of cane molasses, constituting X% of total exports. Tanzania (X tons) took the second position in the ranking, followed by Zambia (X tons). All these countries together took approx. X% share of total exports.

Mozambique was also the fastest-growing in terms of the cane molasses exports, with a CAGR of X% from 2012 to 2022. Tanzania (X%) and Zambia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mozambique, Tanzania and Zambia increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mozambique ($X) remains the largest cane molasses supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Zambia ($X), with a X% share of total exports.

In Mozambique, cane molasses exports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Zambia (X% per year) and Tanzania (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the export price saw a perceptible curtailment. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined significantly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Zambia ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (X%), while the other leaders experienced a decline in the export price figures.

Cane Molasses Imports

Imports in SADC

In 2022, supplies from abroad of cane molasses increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a deep slump. The growth pace was the most rapid in 2015 with an increase of X%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cane molasses imports rose notably to $X in 2022. Over the period under review, imports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

South Africa represented the major importer of cane molasses in SADC, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. Malawi (X tons) held the second position in the ranking, followed by Namibia (X tons), Botswana (X tons) and Zimbabwe (X tons). All these countries together took near X% share of total imports. Swaziland (X tons) and Tanzania (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Tanzania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Malawi ($X) and Namibia ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Zimbabwe, Tanzania, Botswana and Swaziland lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Tanzania, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, import prices reached the peak figure in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Tanzania ($X per ton), while Swaziland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zimbabwe (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform