Molasses market in Papua New Guinea

Earlier Report Observations

The molasses market in Papua New Guinea showed significant volatility in volume from 2018 to 2023. After a stable period around 15 000 tons at the start, the market contracted sharply in 2020, falling to approximately 13 157 tons. A recovery in 2021 brought volumes back near 14 939 tons, but this proved temporary as the market entered a renewed decline through 2022 and 2023.

By the end of the period, the market size had fallen to about 12 581 tons, marking a clear downward trend from the higher levels seen earlier. These movements were primarily driven by corresponding fluctuations in domestic production, which accounts for the vast majority of supply, with international trade playing a negligible role.

Production molasses in Papua New Guinea

In kind, 2017-2020, t

Top producers of molasses, 2017-2020

World map of production of molasses, 2017-2020

In 2020, Papua New Guinea produced 13 149 tons of molasses, marking a significant 12.3% decrease compared to the previous year. Over the 2017-2020 period, production declined by 12.3%, with a compound annual growth rate (CAGR) of -4.3%. The largest increase occurred in 2018, though it was negligible at 0.0%.

Annual dynamics of production in Papua New Guinea in kind, 2017-2020, t

Exports molasses from Papua New Guinea

Exports in kind, kg

In 2018, Papua New Guinea exported 20 000 kg of molasses, representing a dramatic increase of 8,671.9% from 2017.

Annual dynamics of product's exports from Papua New Guinea in kind, 2017-2020, kg

From 2017 to 2020, Malaysia was the nearly exclusive buyer of molasses from Papua New Guinea, accounting for 98.9% of total exports by volume.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Papua New Guinea in kind, 2017-2020

Exports in value, $ US

In 2018, the value of molasses exports from Papua New Guinea reached 12 567 US dollars, showing a sharp year-over-year increase of 1,105.9%.

Annual dynamics of product's exports from Papua New Guinea in value, 2017-2020, $ US

Between 2017 and 2020, Malaysia dominated the export market in value terms, holding a 92.3% share of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Papua New Guinea in value, 2017-2020

Imports molasses to Papua New Guinea

Imports in kind, kg

The import market showed an unstable trend during this period. Volumes reached their lowest point in 2017 and peaked in 2019, with a 7.1-fold difference between these years. In 2020, Papua New Guinea imported 7 912 kg of molasses, a 64.2% decline from the previous year. The highest volume was recorded in 2019 at 22 124 kg, while the largest increase occurred in 2018 at 259.3%.

Annual dynamics of product's imports to Papua New Guinea in kind, 2017-2020, kg

From 2017 to 2020, Australia and Malaysia were the key partners for imports by volume, together accounting for 90.7% of total flows, with other countries making up the remainder.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Papua New Guinea in kind, 2017-2020

Imports in value, $ US

Papua New Guinea's molasses imports declined for the third consecutive year. In 2020, imports amounted to 1 831 US dollars, an abrupt 61.7% drop compared to the previous year. Between 2017 and 2020, imports decreased by 83.7%, equivalent to an annualized rate of -45.4%.

Annual dynamics of product's imports to Papua New Guinea in value, 2017-2020, $ US

Over the 2017-2020 period, Australia was the leading supplier of molasses to Papua New Guinea in value terms, with an 88.0% share of total imports, while the rest was distributed among various other countries.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Papua New Guinea in value, 2017-2020