Market research

Molasses market in Armenia

Molasses market in Armenia

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

Report language:
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Earlier Report Observations

Between 2018 and 2023, Armenia's molasses market volume grew by 8%, reaching 2 308 tons. The period was marked by volatility, with a distinct production-led surge in 2021 that lifted the market to its highest point.

Production, which dominates market volume due to negligible exports, jumped to 2 358 tons in 2021. This was followed by a correction in 2022 and a partial rebound in 2023. Import volumes, while historically low, showed an upward trend from 2023, suggesting an evolving supply structure.

Table of content

  1. 1. Disclaimer
  2. 2. Terms of use of the report
  3. 3. Product codes in the statistical classifications used in the report
  4. 4. Key Market Indicators and Trends
    1. 4.1. Key Market Indicators
      1. 4.1.1. In kind
        1. 4.1.1.1. Production, 2018-2023
        2. 4.1.1.2. Imports, 2018-2024
        3. 4.1.1.3. Exports, 2018-2024
        4. 4.1.1.4. Market size, 2018-2023
    2. 4.2. Market Trends and Factors
  5. 5. Production
    1. 5.1. Production in Armenia
      1. 5.1.1. Annual dynamics of production in Armenia in kind, 2018-2023, t
      2. 5.1.2. Annual dynamics of production in Armenia in value, 2018-2023, $ US
    2. 5.2. Global production by Country, 2018-2023
      1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
      2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
      3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
      4. 5.2.4. Structure of production by countries in kind, 2018-2023
      5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
  6. 6. Imports
    1. 6.1. Imports (Direct Data)
      1. 6.1.1. Imports - Total information
      2. 6.1.2. Imports in kind, t
        1. 6.1.2.1. Annual dynamics of product's imports to Armenia in kind, 2018-2024, t
        2. 6.1.2.2. Dynamics of product's imports in kind to Armenia by countries, 2018-2024, t
        3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
      3. 6.1.3. Imports in value, $ US
        1. 6.1.3.1. Annual dynamics of product's imports to Armenia in value, 2018-2024, $ US
        2. 6.1.3.2. Dynamics of product's imports in value to Armenia by countries, 2018-2024, $ US
        3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
      4. 6.1.4. Average price of product's imports, $ US/t
        1. 6.1.4.1. Annual dynamics of average price of product's imports to Armenia, 2018-2024, $ US/t
        2. 6.1.4.2. Dynamics of average price of product's imports to Armenia by countries, 2018-2024, $ US/t
    2. 6.2. Imports (Mirror Data)
      1. 6.2.1. Imports - Total information
      2. 6.2.2. Imports in kind, t
        1. 6.2.2.1. Annual dynamics of product's imports to Armenia in kind, 2018-2024, t
        2. 6.2.2.2. Dynamics of product's imports in kind to Armenia by countries, 2018-2024, t
        3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
      3. 6.2.3. Imports in value, $ US
        1. 6.2.3.1. Annual dynamics of product's imports to Armenia in value, 2018-2024, $ US
        2. 6.2.3.2. Dynamics of product's imports in value to Armenia by countries, 2018-2024, $ US
        3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
      4. 6.2.4. Average price of product's imports, $ US/t
        1. 6.2.4.1. Annual dynamics of average price of product's imports to Armenia, 2018-2024, $ US/t
        2. 6.2.4.2. Dynamics of average price of product's imports to Armenia by countries, 2018-2024, $ US/t
  7. 7. Exports
    1. 7.1. Exports (Direct Data)
      1. 7.1.1. Exports - Total information
      2. 7.1.2. Exports in kind, t
        1. 7.1.2.1. Annual dynamics of product's exports from Armenia in kind, 2018-2024, t
        2. 7.1.2.2. Dynamics of product's exports in kind from Armenia by countries, 2018-2024, t
        3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
      3. 7.1.3. Exports in value, $ US
        1. 7.1.3.1. Annual dynamics of product's exports from Armenia in value, 2018-2024, $ US
        2. 7.1.3.2. Dynamics of product's exports in value from Armenia by countries, 2018-2024, $ US
        3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
      4. 7.1.4. Average price of product's exports, $ US/t
        1. 7.1.4.1. Annual dynamics of average price of product's exports from Armenia, 2018-2024, $ US/t
        2. 7.1.4.2. Dynamics of average price of product's exports from Armenia by countries, 2018-2024, $ US/t
    2. 7.2. Exports (Mirror Data)
      1. 7.2.1. Exports - Total information
      2. 7.2.2. Exports in kind, t
        1. 7.2.2.1. Annual dynamics of product's exports from Armenia in kind, 2018-2024, t
        2. 7.2.2.2. Dynamics of product's exports in kind from Armenia by countries, 2018-2024, t
        3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
      3. 7.2.3. Exports in value, $ US
        1. 7.2.3.1. Annual dynamics of product's exports from Armenia in value, 2018-2024, $ US
        2. 7.2.3.2. Dynamics of product's exports in value from Armenia by countries, 2018-2024, $ US
        3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
      4. 7.2.4. Average price of product's exports, $ US/t
        1. 7.2.4.1. Annual dynamics of average price of product's exports from Armenia, 2018-2024, $ US/t
        2. 7.2.4.2. Dynamics of average price of product's exports from Armenia by countries, 2018-2024, $ US/t
  8. 8. Trade balance
    1. 8.1. Trade balance (Direct Data)
      1. 8.1.1. In kind, t
      2. 8.1.2. In value, $ US
    2. 8.2. Trade balance (Mirror Data)
      1. 8.2.1. In kind, t
      2. 8.2.2. In value, $ US
  9. 9. Top buying and selling countries, 2018-2024
    1. 9.1. Direct Data
      1. 9.1.1. Import in Value by Countries-buyers
      2. 9.1.2. Export in Value by Countries-suppliers
    2. 9.2. Mirror Data
      1. 9.2.1. Import in Value by Countries-buyers
      2. 9.2.2. Export in Value by Countries-suppliers

Production molasses in Armenia

In kind, 2017-2020, t

Top producers of molasses, 2017-2020

Source: SHEV.io

World map of production of molasses, 2017-2020

Source: SHEV.io

After two consecutive years of decline, Armenia's molasses production rebounded in 2020. The country produced 2 069 tons of molasses that year, representing a modest 0.7% increase compared to 2019. Looking at the broader period from 2017 to 2020, production fell by 3.7% overall, which translates to an average annual decline of 1.2%. The lowest production level was recorded in 2019 at 2 054 tons, while the steepest year-on-year drop occurred in 2018 with a 3.3% decrease.

Annual dynamics of production in Armenia in kind, 2017-2020, t

Parameter201820192020CAGR
1Change from last year(3.3%)(1.1%)0.7%(1.2%)
Source: SHEV.io

Exports molasses from Armenia

According to available market data, Armenia did not export any molasses between 2017 and 2020.

Imports molasses to Armenia

Imports in kind, t

Armenia's molasses imports in 2020 amounted to 22 tons, representing a dramatic 97.0% decline from the 2019 level. Over the four-year period from 2017 to 2020, imports plummeted by 98.9%, with a compound annual growth rate of -77.7%.

Annual dynamics of product's imports to Armenia in kind, 2017-2020, t

Parameter201820192020CAGR
1Change from last year(97.0%)n/an/a(77.7%)
Source: SHEV.io

From 2017 to 2020, Russia was the dominant source for Armenia's molasses imports in volume terms, accounting for 97.8% of total imports during this period.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Armenia in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

In 2020, the value of Armenia's molasses imports stood at 8.7 thousand US dollars, reflecting a sharp 96.8% decrease compared to 2019. Over the 2017-2020 period, import values fell by 97.7%, with a compound annual decline rate of 71.5%.

Annual dynamics of product's imports to Armenia in value, 2017-2020, K $ US

Parameter201820192020CAGR
1Change from last year(96.8%)n/an/a(71.5%)
Source: SHEV.io

Throughout the 2017-2020 period, Russia dominated Armenia's molasses imports in value terms as well, representing 95.8% of total import spending.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Armenia in value, 2017-2020

Source: SHEV.io

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