In 2023, the import of molasses to Brazil was valued at 915,000 USD. Forecasted data from 2024 through 2028 shows a consistent decline in import value. From 2024 to 2025, the import value is expected to decrease by approximately 0.3%. This gradual decline continues, with 2026 forecasted at around 0.3% lower than 2025, showing a steady trend with an estimated 0.3% annual decrease on average through 2028. Over the five-year forecast period, the compound annual growth rate (CAGR) highlights a gentle decrease in import volume.
Future trends to watch for:
- Changes in domestic production of sugar and substitutes, which might affect the import needs for molasses.
- Variations in international molasses prices due to shifts in global supply and demand dynamics.
- Potential trade agreements or policy changes that could impact import costs and quantities positively or negatively.
