The forecasted import of cane molasses to India shows a declining trend from 2024 to 2028, starting at 10.039 million kilograms in 2024 and decreasing to 2.6647 million kilograms by 2028. In 2023, the import stood at approximately the same level as in 2024. The year-on-year decline from 2024 to 2025 is substantial, with a reduction of around 18.9%, continuing similarly in subsequent years. The five-year compound annual growth rate (CAGR) indicates a persistent downward trend, averaging a negative growth rate annually.
Future trends to watch for include:
- Changes in domestic production capacities that could reduce reliance on imports.
- Government policies affecting the sugar industry and molasses trade.
- International trade negotiations impacting import duties and pricing.