Non-Cane Molasses Market in Morocco
Market Overview
The Moroccan non-cane molasses market expanded modestly to $
in , rising 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 continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $. From 2009 to , the growth of the market remained at a lower figure.
In value terms, non-cane molasses production rose modestly to $ in estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 with an increase of % against the previous year. As a result, production attained the peak level of $. From 2009 to , production growth remained at a somewhat lower figure.
in , rising 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 continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $. From 2009 to , the growth of the market remained at a lower figure.In value terms, non-cane molasses production rose modestly to $
in estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 with an increase of % against the previous year. As a result, production attained the peak level of $. From 2009 to , production growth remained at a somewhat lower figure.Consumption
In , the amount of molasses (excluding cane molasses) consumed in Morocco stood at tons, increasing by % compared with the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak volume of tons. From to , the growth of the consumption failed to regain momentum.
The value of the non-cane molasses market in Morocco expanded modestly to $ in , with an increase of % 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). Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $. From 2009 to , the growth of the market remained at a somewhat lower figure.
, the amount of molasses (excluding cane molasses) consumed in Morocco stood at tons, increasing by % compared with the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak volume of tons. From to , the growth of the consumption failed to regain momentum.The value of the non-cane molasses market in Morocco expanded modestly to $
in , with an increase of % 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). Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $. From 2009 to , the growth of the market remained at a somewhat lower figure.Market Forecast
The non-cane molasses market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year 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 eight-year 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 Morocco 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
Morocco remains a net exporter of non-cane molasses; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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