Malaysia: Molasse Market 2024

Molasse Market Size in Malaysia

The Malaysian molasse market surged to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption, however, recorded a noticeable setback. Molasse consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Molasse Production in Malaysia

In value terms, molasse production rose slightly to $X in 2022 estimated in export price. In general, production continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

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Molasse Exports

Exports from Malaysia

In 2022, the amount of molasses exported from Malaysia totaled X tons, approximately equating the year before. Overall, exports, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, molasse exports reduced notably to $X in 2022. Over the period under review, exports, however, continue to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Indonesia (X tons) was the main destination for molasse exports from Malaysia, with a X% share of total exports. Moreover, molasse exports to Indonesia exceeded the volume sent to the second major destination, Singapore (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Indonesia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Hong Kong SAR (X% per year).

In value terms, Indonesia ($X) remains the key foreign market for molasses exports from Malaysia, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Indonesia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2022, the average molasse export price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price, however, showed a buoyant increase. The pace of growth was the most pronounced in 2015 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 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 Hong Kong SAR ($X per ton), while the average price for exports to Indonesia ($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 Hong Kong SAR (X%), while the prices for the other major destinations experienced mixed trend patterns.

Molasse Imports

Imports into Malaysia

In 2022, molasse imports into Malaysia fell to X tons, waning by X% compared with 2021 figures. In general, imports, however, saw a significant increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, molasse imports dropped modestly to $X in 2022. Overall, imports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2016 with an increase of X%. Imports peaked at $X in 2021, and then contracted modestly in the following year.

Imports by Country

In 2022, India (X tons) constituted the largest molasse supplier to Malaysia, with a X% share of total imports. Moreover, molasse imports from India exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. The third position in this ranking was taken by Egypt (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Egypt (X% per year).

In value terms, the largest molasse suppliers to Malaysia were India ($X), Thailand ($X) and Egypt ($X), with a combined X% share of total imports.

In terms of the main suppliers, Egypt, with a CAGR of X%, recorded 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

In 2022, the average molasse import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, recorded a deep contraction. The pace of growth was the most pronounced in 2020 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 China ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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