Philippines - Molasses - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMolasse Price in the Philippines - 2023
Contents:
- Molasse Price in the Philippines (CIF) - 2023
- Molasse Price in the Philippines (FOB) - 2022
- Molasse Imports in the Philippines
- Molasse Exports in the Philippines
Molasse Price in the Philippines (CIF) - 2023
In July 2023, the average molasse import price amounted to $234 per ton, increasing by 4.8% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 6.4% against the previous month. Over the period under review, average import prices reached the peak figure at $236 per ton in January 2023; however, from February 2023 to July 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Indonesia.
From July 2022 to July 2023, the rate of growth in terms of prices for Indonesia amounted to +0.2% per month.
Molasse Price in the Philippines (FOB) - 2022
The average molasse export price stood at $1,518 per ton in 2022, reducing by -45.9% against the previous year. Overall, the export price, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 880%. Over the period under review, the average export prices reached the maximum at $3,887 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Japan.
From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to +78.0% per year.
Molasse Imports in the Philippines
After two years of decline, supplies from abroad of molasses increased by 51% to 638K tons in 2022. Overall, imports, however, continue to indicate a abrupt slump.
In value terms, molasse imports skyrocketed to $141M in 2022. In general, total imports indicated a modest expansion from 2019 to 2022: its value increased at an average annual rate of +1.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Molasse in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 67.2 | 49.8 | 55.2 | 67.9 | 0.3% |
India | 11.2 | 25.0 | 25.7 | 63.8 | 78.6% |
Thailand | 42.7 | 25.2 | 2.2 | 7.3 | -44.5% |
Vietnam | 12.2 | 6.0 | N/A | 1.6 | -49.2% |
Others | N/A | 3.4 | N/A | N/A | 0% |
Total | 133 | 109 | 83.0 | 141 | 2.0% |
Top Suppliers of Molasse to the Philippines in 2022:
- Indonesia (307.4K tons)
- India (288.4K tons)
- Thailand (35.5K tons)
- Vietnam (7.1K tons)
Molasse Exports in the Philippines
In 2022, overseas shipments of molasses decreased by -33.1% to 11 tons, falling for the second year in a row after two years of growth. In general, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 351%. As a result, the exports reached the peak of 22 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, molasse exports contracted sharply to $17K in 2022. Overall, exports, however, recorded a strong increase. The pace of growth was the most pronounced in 2020 when exports increased by 445%. As a result, the exports attained the peak of $76K. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Molasse in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | N/A | N/A | N/A | 16.5 | 0% |
Malaysia | N/A | 20.4 | N/A | N/A | 0% |
Denmark | 2.7 | N/A | N/A | N/A | 0% |
Singapore | 7.0 | 2.0 | 27.0 | N/A | 96.4% |
Taiwan (Chinese) | N/A | 53.4 | N/A | N/A | 0% |
Netherlands | N/A | N/A | 9.5 | N/A | 0% |
Others | 4.4 | 0.8 | 10.2 | 0.4 | -55.0% |
Total | 14.0 | 76.5 | 46.7 | 16.9 | 6.5% |
Top Export Markets for Molasse from the Philippines in 2022:
- Japan (11.0 tons)
This report provides an in-depth analysis of the molasse market in the Philippines. 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:
- FCL 165 - Molasses
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In value terms, molasses imports totaled $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated some noticeab...
In value terms, molasses exports amounted to $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total exports value increased at an average annual rate of +X% over the ...
Global molasse consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
From 2007 to 2015, global exports on the molasses market displayed sharp fluctuations. In 2007 and 2010, exports increased significantly with consequent reductions in 2008 and 2011. From 2011 to 2015, values of exports were
Global molasses market production reached X thousand tons in 2015, with a mixed dynamic over the last few years. The decline in 2009 was followed by a recovery, until the volume levelled off in 2013-2014.
The global molasses market dynamic fluctuated over the period under review. A significant drop in 2009 was followed by a period of recovery over the next three years, until the market contracted again. From 2013-2014, the market showed ascent, finally
Indonesia dominates in the global molasses trade. In 2014, Indonesia exported X thousand tons of molasses totaling X million USD, a robust X% over the previous year. Its primary trading partner was the Republic of Korea, where it supplied X% of