The import of cane molasses to Thailand in 2023 stood at $30 million. Forecasted values indicate a steady increase, with the value expected to reach $37.095 million by 2028. Year-on-year variations from 2024 to 2028 show a consistent growth pattern, with percentages varying between approximately 4%-5% annually. The compound annual growth rate (CAGR) over the forecasted period is around 3.7%.
Future trends to watch for include:- Increased demand for cane molasses driven by the growing biofuel industry.- Possible government policies affecting import tariffs or subsidies.- Market fluctuations in global sugar production impacting molasses prices.
