Report Update May 1, 2025

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

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Thailand: Non-Cane Molasses Market 2025

Non-Cane Molasses Market Size in Thailand

The Thai non-cane molasses market rose rapidly to $X in 2022, surging by 5.1% against the previous year. Over the period under review, consumption, however, saw a mild reduction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Non-Cane Molasses Production in Thailand

In value terms, non-cane molasses production reached $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by 26%. Non-cane molasses production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Non-Cane Molasses Exports

Exports from Thailand

In 2022, overseas shipments of molasses (excluding cane molasses) increased by 13% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, recorded a slight contraction. The growth pace was the most rapid in 2016 with an increase of 22%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, non-cane molasses exports expanded significantly to $X in 2022. Overall, exports, however, continue to indicate a perceptible descent. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons) was the main destination for non-cane molasses exports from Thailand, accounting for a 70% share of total exports. Moreover, non-cane molasses exports to Malaysia exceeded the volume sent to the second major destination, Cambodia (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Malaysia stood at -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+16.3% per year) and China (+15.4% per year).

In value terms, Malaysia ($X) remains the key foreign market for molasses (excluding cane molasses) exports from Thailand, comprising 90% of total exports. The second position in the ranking was held by Cambodia ($X), with a 5.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Malaysia stood at -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+2.6% per year) and China (-8.6% per year).

Export Prices by Country

In 2022, the average non-cane molasses export price amounted to $X per ton, shrinking by -3% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 30%. Over the period under review, the average export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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 Malaysia ($X per ton), while the average price for exports to Cambodia ($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 Norway (+16.0%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Cane Molasses Imports

Imports into Thailand

In 2022, supplies from abroad of molasses (excluding cane molasses) was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Overall, imports, however, showed a deep setback. The pace of growth appeared the most rapid in 2017 when imports increased by 61% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, non-cane molasses imports expanded sharply to $X in 2022. In general, imports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 92% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) was the main non-cane molasses supplier to Thailand, accounting for a approx. 99% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to -7.6%.

In value terms, the United States ($X) constituted the largest supplier of molasses (excluding cane molasses) to Thailand.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled -5.5%.

Import Prices by Country

In 2022, the average non-cane molasses import price amounted to $X per ton, rising by 7.2% against the previous year. Overall, the import price recorded a resilient expansion. The most prominent rate of growth was recorded in 2020 an increase of 159% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +2.3% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

China remains the largest non-cane molasses consuming country worldwide, accounting for 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 constituted the country with the largest volume of non-cane molasses production, accounting for 17% of total volume. Moreover, non-cane molasses production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by India, with a 6.2% share.

What are the leading suppliers of molasses (excluding cane molasses) to Thailand?

In value terms, the United States constituted the largest supplier of non-cane molasses to Thailand.

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

In value terms, Malaysia remains the key foreign market for non-cane molasses exports from Thailand, comprising 94% of total exports. The second position in the ranking was occupied by Cambodia, with a 4.2% share of total exports.

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

The average non-cane molasses export price stood at $961 per ton in 2021, which is down by -15.1% against the previous year.

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

The average non-cane molasses import price stood at $774 per ton in 2021, declining by -16.4% against the previous year.

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

Thailand

Data coverage:

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

Reasons to buy this report:

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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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024