The molasses market in Portugal, expressed in value, stood at 14.847 million euros in 2023. Over the past decade, the market experienced some fluctuations, with notable declines between 2015 and 2018, followed by a resurgence in 2019. The period from 2021 to 2023 has shown instability, with a decline of 10.67% in 2022 and a slight drop of 0.13% in 2023. Over the last five years, the compound annual growth rate (CAGR) was 2.92%, indicating a gradual recovery pattern compared to earlier years.
Future trends to watch for:
- Potential market stabilization with modest growth
- Influence of evolving consumer preferences and health trends
- Impact of international trade and supply chain factors
How does Portugal rank in Molasses Market Size Value?
| # | 5 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 110,400,000 | 2023 | -3.42% | +4.31% | View data |
| 2 | 2 United Kingdom | 94,622,000 | 2023 | -0.49% | +0.07% | View data |
| 3 | 3 Spain | 85,317,000 | 2023 | +3.1% | +3.48% | View data |
| 4 | 4 Finland | 16,655,000 | 2023 | +3.43% | +10.59% | View data |
| 5 | 5 Portugal | 14,847,000 | 2023 | -0.13% | +2.92% |
