In 2023, the import of molasses to India was [value for 2023, which is not specified here]. From 2024 to 2028, forecasted values indicate a declining trend, with a decrease from $1.7451 million in 2024 to $1.1168 million in 2028. Year-on-year variation shows a consistent decline in imports.
This results in a negative compound annual growth rate (CAGR) over the five-year period, underscoring a steady reduction in molasses imports to India. This trend suggests potential shifts in local production, alternatives in use, or changes in demand.
Future trends to watch include policy changes affecting import duties, shifts in domestic sugarcane production that might influence molasses supply, and changes in the industries relying on molasses.
