Report Update Nov 1, 2024

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

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Sri Lanka: Non-Cane Molasses Market 2024

Non-Cane Molasses Market Size in Sri Lanka

The Sri Lankan non-cane molasses market amounted to $X in 2022, with an increase of 5% against the previous year. Overall, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -4.4% against 2020 indices. Non-cane molasses consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Non-Cane Molasses Production in Sri Lanka

In value terms, non-cane molasses production expanded notably to $X in 2022 estimated in export price. Over the period under review, production enjoyed a measured increase. The growth pace was the most rapid in 2017 when the production volume increased by 65% against the previous year. Non-cane molasses production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Non-Cane Molasses Exports

Exports from Sri Lanka

Non-cane molasses exports from Sri Lanka declined markedly to X kg in 2022, with a decrease of -99.1% against the previous year. Over the period under review, exports faced a abrupt contraction. The pace of growth appeared the most rapid in 2018 with an increase of 2,044%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, non-cane molasses exports contracted notably to $X in 2022. Overall, exports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 2,029%. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X kg), Japan (X kg) and Canada (X kg) were the main destinations of non-cane molasses exports from Sri Lanka, together accounting for 96% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +80.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for non-cane molasses exported from Sri Lanka were the United Arab Emirates ($X), Canada ($X) and Japan ($X), together accounting for 97% of total exports.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +115.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average non-cane molasses export price amounted to $X per ton, surging by 129% against the previous year. In general, the export price saw a buoyant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Japan ($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 the United Arab Emirates (+19.1%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Cane Molasses Imports

Imports into Sri Lanka

In 2022, supplies from abroad of molasses (excluding cane molasses) decreased by -99.4% to X kg, falling for the second consecutive year after two years of growth. Overall, imports saw a precipitous descent. The growth pace was the most rapid in 2019 with an increase of 481% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, non-cane molasses imports declined notably to $X in 2022. Over the period under review, imports faced a precipitous slump. The most prominent rate of growth was recorded in 2019 with an increase of 353%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Ireland (X kg), Turkey (X kg) and Indonesia (X kg) were the main suppliers of non-cane molasses imports to Sri Lanka.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of 0.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Ireland ($X) and Turkey ($X) were the largest non-cane molasses suppliers to Sri Lanka.

Indonesia, with a CAGR of 0.0%, recorded the highest growth rate of the value of imports, among 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, surging by 512% against the previous year. Overall, the import price saw a resilient expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

China constituted the country with the largest volume of non-cane molasses consumption, comprising approx. 17% of total volume. Moreover, non-cane molasses consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, 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 Sri Lanka?

In value terms, the largest non-cane molasses suppliers to Sri Lanka were the UK $808), India $494) and Taiwan Chinese) $254), with a combined 97% share of total imports.

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

In value terms, the largest markets for non-cane molasses exported from Sri Lanka were Australia, Chile and Canada, together comprising 81% of total exports.

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

In 2021, the average non-cane molasses export price amounted to $2,301 per ton, rising by 37% against the previous year.

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

The average non-cane molasses import price stood at $2,061 per ton in 2021, standing approx. at the previous year.

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

Sri Lanka

Data coverage:

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

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

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