Forecast: Molasses Production in China

Molasses production in China has exhibited fluctuations over the past decade, peaking in 2013 at 4.61 million metric tons. After a sharp decrease in 2014 and 2015, year-on-year variations reverted to positive trends from 2016 onwards, stabilizing around 3.71–3.9758 million metric tons between 2020 and 2023. For 2023, the value stood at 3.9758 million metric tons.

Recent trends (2022-2023) demonstrated a slight year-on-year growth of 0.57%. Over the last five years, the compound annual growth rate (CAGR) has averaged 0.34%. Future projections indicate a moderate yet steady growth, with an estimated CAGR of 0.46% through 2028, reflecting a trend towards sustained yet incremental increases in production.

Future trends to watch for include potential impacts from climate change on sugarcane yields, regulatory changes affecting production processes, and advancements in agricultural technologies that could enhance productivity. Additionally, demand shifts within the food industry and industrial applications of molasses could further influence production dynamics.

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