In 2023, India imported cane molasses valued at approximately 2.10 million USD. The forecast shows a declining trend in import values from 2024 to 2028, starting at 2.0029 million USD in 2024 and decreasing to 1.5671 million USD by 2028. The year-on-year variation indicates a consistent annual reduction of roughly 5-7%. The five-year CAGR reflects a negative growth trajectory for the molasses import market in India.

Future trends to watch for include:

Increasing domestic production capacities which could further reduce import dependence.
Potential changes in trade policies impacting import duties and taxes.
Fluctuations in global molasses prices due to shifting supply-demand dynamics.