The forecast for the import of cane molasses to Brazil shows a steady upward trend from 2024 through 2028, with projected imports increasing annually. In 2023, the import volume stood significantly lower than the forecasted 74.14 thousand kilograms for 2024. Analyzing year-on-year growth, there is an observable increase with approximate annual rates: 5.35% from 2024 to 2025, 5.02% from 2025 to 2026, 4.65% from 2026 to 2027, and 4.35% from 2027 to 2028. This reflects an overall compound annual growth rate (CAGR) of around 5.09% across the five-year forecast.
Future trends to watch for include:
- Potential changes in global sugar cane production affecting molasses supply.
- Fluctuations in global cane molasses prices due to changes in the global demand-supply balance.
- Brazil's domestic policies related to trade and import tariffs which could affect import volumes.
- Potential shifts towards alternative feedstocks for ethanol and animal feed that may impact demand for cane molasses.
