Non-Cane Molasses Market in Australia
Market Overview
The Australian non-cane molasses market expanded to $
in , surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a mild descent. Non-cane molasses consumption peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.
In value terms, non-cane molasses production reached $ in estimated in export price. Overall, production, however, saw a slight decline. The growth pace was the most rapid in 2018 with an increase of %. Over the period under review, production hit record highs at $ in 2007; however, from 2008 to , production failed to regain momentum.
in , surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a mild descent. Non-cane molasses consumption peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.In value terms, non-cane molasses production reached $
in estimated in export price. Overall, production, however, saw a slight decline. The growth pace was the most rapid in 2018 with an increase of %. Over the period under review, production hit record highs at $ in 2007; however, from 2008 to , production failed to regain momentum.Consumption
In , approx. tons of molasses (excluding cane molasses) were consumed in Australia; increasing by % compared with the previous year's figure. Over the period under review, consumption, however, saw a mild shrinkage. Non-cane molasses consumption peaked at tons in 2007; however, from 2008 to , consumption remained at a lower figure.
The value of the non-cane molasses market in Australia was estimated at $ in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a slight shrinkage. Non-cane molasses consumption peaked at $ in 2007; however, from 2008 to , consumption failed to regain momentum.
, approx. tons of molasses (excluding cane molasses) were consumed in Australia; increasing by % compared with the previous year's figure. Over the period under review, consumption, however, saw a mild shrinkage. Non-cane molasses consumption peaked at tons in 2007; however, from 2008 to , consumption remained at a lower figure.The value of the non-cane molasses market in Australia was estimated at $
in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a slight shrinkage. Non-cane molasses consumption peaked at $ in 2007; however, from 2008 to , consumption failed to regain momentum.Market Forecast
Depressed by shrinking demand for non-cane molasses in Australia, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Over the period under review, imports of non-cane molasses in Australia were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for non-cane molasses.
Trade Balance
Australia remains a net importer of non-cane molasses; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $.
. In , there was a significant trade deficit of tons, which was equal to $.
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