Indonesia's molasses production has shown a general decline from 1.53 million metric tons in 2013 to 1.1846 million metric tons in 2023. The yearly year-on-year variations exhibit a mix of small declines and occasional slight increases, illustrating an overall negative trend. The most significant decline occurred in 2016 with a drop of 11.27%. Over the past five years, the compound annual growth rate (CAGR) stands at -0.91%, highlighting continual albeit moderate reduction.
Forecasts from 2024 to 2028 suggest further declines, with an expected CAGR of -0.71% over this period. The cumulative volume over these five years is anticipated to decrease by around 3.51%.
Future trends to watch for include developments in global demand for bioethanol, changes in agricultural practices, climate change impacts, and advancements in technology that may improve molasses extraction and processing efficiency. These factors could potentially influence the direction and rate of production changes.
