United Arab Emirates: Non-Cane Molasses Market 2024

Non-Cane Molasses Market Size in the United Arab Emirates

The non-cane molasses market in the United Arab Emirates contracted slightly to $X in 2022, falling by -3.2% against the previous year. In general, consumption, however, posted a buoyant expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Non-Cane Molasses Production in the United Arab Emirates

In value terms, non-cane molasses production reduced slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2017 when the production volume increased by 76%. Non-cane molasses production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Non-Cane Molasses Exports

Exports from the United Arab Emirates

In 2022, approx. X tons of molasses (excluding cane molasses) were exported from the United Arab Emirates; surging by 114% on the year before. Overall, exports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by 800% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-cane molasses exports skyrocketed to $X in 2022. In general, exports, however, showed a perceptible setback. The pace of growth was the most pronounced in 2019 with an increase of 366% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Tanzania (X tons) was the main destination for non-cane molasses exports from the United Arab Emirates, accounting for a 57% share of total exports. Moreover, non-cane molasses exports to Tanzania exceeded the volume sent to the second major destination, Canada (X tons), threefold. The third position in this ranking was taken by Australia (X tons), with a 19% share.

From 2012 to 2022, the average annual growth rate of volume to Tanzania stood at +64.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+24.3% per year) and Australia (+38.6% per year).

In value terms, Australia ($X) emerged as the key foreign market for molasses (excluding cane molasses) exports from the United Arab Emirates, comprising 75% of total exports. The second position in the ranking was held by Tanzania ($X), with a 13% share of total exports. It was followed by Canada, with a 9% share.

From 2012 to 2022, the average annual growth rate of value to Australia stood at +24.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (+51.0% per year) and Canada (+17.9% per year).

Export Prices by Country

In 2022, the average non-cane molasses export price amounted to $X per ton, reducing by -33.3% against the previous year. Overall, the export price, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 419%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained 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 Australia ($X per ton), while the average price for exports to Tanzania ($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 India (+33.6%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Cane Molasses Imports

Imports into the United Arab Emirates

In 2022, after two years of decline, there was significant growth in supplies from abroad of molasses (excluding cane molasses), when their volume increased by 29% to X tons. Overall, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2014 when imports increased by 330%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, non-cane molasses imports shrank to $X in 2022. Over the period under review, imports saw a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 305%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Ireland (X tons) constituted the largest supplier of non-cane molasses to the United Arab Emirates, accounting for a 34% share of total imports. Moreover, non-cane molasses imports from Ireland exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Ireland stood at +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+44.7% per year) and the United States (+1.4% per year).

In value terms, Ireland ($X), the United States ($X) and India ($X) were the largest non-cane molasses suppliers to the United Arab Emirates, together accounting for 57% of total imports.

In terms of the main suppliers, India, with a CAGR of +33.6%, saw the highest rates of growth with regard to 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 average non-cane molasses import price stood at $X per ton in 2022, falling by -31.2% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 227% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($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 States (+25.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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