South-Eastern Asia: Non-Cane Molasses Market 2025

Non-Cane Molasses Market Size in South-Eastern Asia

The Southeast Asian non-cane molasses market contracted to $X in 2022, flattening at the previous year. Overall, consumption, however, showed a pronounced setback. The pace of growth appeared the most rapid in 2018 with an increase of 6.3%. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Non-Cane Molasses Production in South-Eastern Asia

In value terms, non-cane molasses production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2018 with an increase of 5.6% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Non-Cane Molasses Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of molasses (excluding cane molasses) increased by 51% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 805%. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, non-cane molasses exports reached $X in 2022. Over the period under review, exports, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2019 with an increase of 98% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Thailand (X tons) and Malaysia (X tons) represented roughly 77% of total exports in 2022. Indonesia (X tons) took a 13% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (9.7%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Malaysia (with a CAGR of +8.7%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Indonesia ($X), Thailand ($X) and Malaysia ($X) constituted the countries with the highest levels of exports in 2022, with a combined 98% share of total exports.

Malaysia, with a CAGR of +15.1%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, with a decrease of -25.8% against the previous year. Overall, the export price, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2020 an increase of 372%. The level of export peaked at $X per ton in 2021, and then declined notably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+6.0%), while the other leaders experienced more modest paces of growth.

Non-Cane Molasses Imports

Imports in South-Eastern Asia

In 2022, supplies from abroad of molasses (excluding cane molasses) was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, continue to indicate a pronounced descent. The pace of growth appeared the most rapid in 2017 when imports increased by 28%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, non-cane molasses imports totaled $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 18% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Indonesia represented the major importer of molasses (excluding cane molasses) in South-Eastern Asia, with the volume of imports recording X tons, which was approx. 57% of total imports in 2022. Vietnam (X tons) held the second position in the ranking, distantly followed by Malaysia (X tons). All these countries together held near 42% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Malaysia (with a CAGR of +24.8%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest non-cane molasses importing markets in South-Eastern Asia were Indonesia ($X), Malaysia ($X) and Vietnam ($X), with a combined 96% share of total imports.

Malaysia, with a CAGR of +16.5%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, picking up by 2.7% against the previous year. Over the last decade, it increased at an average annual rate of +4.2%. The growth pace was the most rapid in 2020 when the import price increased by 24%. The level of import peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+3.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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