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Molasses: top exporters and importers (2024)

In 2024, world trade in molasses totaled $1.4 billion (6.5 million tonnes). The top exporters were Indonesia (9%), Guatemala (8%) and Egypt (6%); the top importers were the United States (14%), the Philippines (14%) and the United Kingdom (10%). Compared with 2019, the value rose 25%.

Summary

World trade
$1.4billion
Tonnes
6.5million tonnes
Price per tonne
$214
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Indonesia$131 million · 9.4%
  2. Guatemala$116 million · 8.3%
  3. Egypt$79 million · 5.7%
  4. United States$79 million · 5.6%
  5. Pakistan$78 million · 5.6%
  6. Poland$75 million · 5.4%
  7. India$74 million · 5.3%
  8. Germany$66 million · 4.7%
  9. Thailand$64 million · 4.6%
  10. El Salvador$44 million · 3.1%
  11. Honduras$42 million · 3%
  12. Netherlands$39 million · 2.8%
    re-exports
  13. Russia$39 million · 2.8%
  14. Vietnam$38 million · 2.7%
  15. Nicaragua$38 million · 2.7%
  16. Australia$32 million · 2.3%
  17. Dominican Republic$30 million · 2.2%
  18. Belize$27 million · 2%
  19. Brazil$25 million · 1.8%
  20. United Kingdom$24 million · 1.7%

Top importers

  1. United States$203 million · 14.5%
  2. Philippines$201 million · 14.4%
  3. United Kingdom$142 million · 10.1%
  4. South Korea$99 million · 7.1%
  5. Thailand$60 million · 4.3%
  6. Italy$47 million · 3.4%
  7. Ireland$44 million · 3.1%
  8. France$43 million · 3.1%
  9. Japan$37 million · 2.6%
  10. Netherlands$36 million · 2.6%
    re-exports
  11. Bangladesh$34 million · 2.4%
  12. Turkey$31 million · 2.2%
  13. Belgium$29 million · 2.1%
    re-exports
  14. Hungary$29 million · 2.1%
  15. Canada$28 million · 2%
  16. Spain$27 million · 1.9%
  17. Germany$24 million · 1.7%
  18. Egypt$24 million · 1.7%
  19. Barbados$21 million · 1.5%
  20. Denmark$20 million · 1.5%

Trend

Who sells it

Indonesia has been the top exporter since 2018

Value in USD millions. The five largest exporters in 2024.

  • Indonesia 131
  • Guatemala 116
  • Egypt 79
  • United States 79
  • Pakistan 77.8

Source: CEPII BACI

Show the numbers
Country19952024
Indonesia51.1131
Guatemala18.3116
Egypt3279
United States28.279
Pakistan15877.8

Price

Implied price

The price per tonne rose 110% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $214

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$102
1996$103
1997$95
1998$78
1999$58
2000$62
2001$81
2002$86
2003$78
2004$84
2005$112
2006$131
2007$130
2008$139
2009$156
2010$170
2011$167
2012$165
2013$188
2014$189
2015$162
2016$167
2017$152
2018$144
2019$87
2020$180
2021$191
2022$228
2023$247
2024$214

What it includes

  • 1703 · Molasses

Products in the same chapter

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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