The UK imported approximately 510 million kilograms of molasses in 2023. Forecasts suggest a gradual downward trend from 502.98 million kilograms in 2024 to 473.7 million kilograms by 2028. This decline translates to a year-on-year decrease of about 1.5% to 1.6%. Over this period, the compound annual growth rate (CAGR) reflects a consistent reduction of around 1.43% annually.

Future trends to watch for include:

Potential changes in molasses consumption driven by shifts in demand for biofuels and animal feed.
Influences of trade policies and international agreements on import levels.
Technological developments in alternative sweeteners and their market impact.