Market research

Molasses market in Australia and New Zealand, 2026

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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"Australia and New Zealand" region includes following countries:

Australia

Christmas Island

Cocos (Keeling) Islands

Heard Island and McDonald Islands

New Zealand

Norfolk Island

Earlier Report Observations

The molasses market in Australia and New Zealand saw a significant contraction in volume over the period from 2018 to 2023. Market size fell from 1,063 thousand tonnes to 734 thousand tonnes, a drop of over 30%. The most pronounced decrease occurred in 2021, when the market volume plunged to 775 thousand tonnes, marking a sharp departure from the previous years.

This contraction was primarily driven by a substantial increase in exports, which more than tripled from 2019 to reach 265 thousand tonnes in 2021 and remained high thereafter. Simultaneously, domestic production gradually declined from 1,120 thousand tonnes to 995 thousand tonnes, while imports collapsed from 120 thousand tonnes to just a few thousand tonnes annually after 2020. The combined effect of lower local output and significantly higher shipments abroad reduced the volume of molasses available on the domestic market.

By 2022 and 2023, the market stabilized at a new, lower level of around 737-734 thousand tonnes. The data indicates a structural shift where a larger share of locally produced molasses is being directed to international markets, fundamentally reshaping the supply balance within Australia and New Zealand.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
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, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Australia and New Zealand
  1. 5.1.1. Annual dynamics of production in Australia and New Zealand in kind, 2018-2023, K t
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K 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, K 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. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's imports to Australia in kind, 2018-2025, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to Australia by countries, 2018-2025, K t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Australia in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Australia by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2025
  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 Australia, 2018-2025, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Australia by countries, 2018-2025, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's imports to Australia in kind, 2018-2025, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to Australia by countries, 2018-2025, K t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Australia in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Australia by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2025
  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 Australia, 2018-2025, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Australia by countries, 2018-2025, $ US/t
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's exports from Australia in kind, 2018-2025, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from Australia by countries, 2018-2025, K t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Australia in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Australia by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2025
  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 Australia, 2018-2025, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Australia by countries, 2018-2025, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's exports from Australia in kind, 2018-2025, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from Australia by countries, 2018-2025, K t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Australia in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Australia by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2025
  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 Australia, 2018-2025, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Australia by countries, 2018-2025, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2025
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 Australia and New Zealand

In kind, 2018-2021, K t

Top producers of molasses, 2018-2021

Source: SHEV.io

World map of production of molasses, 2018-2021

Source: SHEV.io

Molasses production in Australia and New Zealand has increased for the second year in a row. In 2021, production reached 1,031 thousand tonnes, marking a slight increase of 1.1% compared to 2020. Looking at the period from 2018 to 2021, overall production declined by 7.9%, which translates to an average annual decrease of 2.7%. The lowest production level was recorded in 2019 at 1,000 thousand tonnes, with the largest decline of 10.7% occurring that year. In contrast, the largest increase of 2.0% was observed in 2020.

Annual dynamics of production in Australia and New Zealand in kind, 2018-2021, K t

Parameter		2019	2020	2021	CAGR
1	Change from last year	(10.7%)	2.0%	1.1%	(2.7%)

Source: SHEV.io

In value, 2018-2021, M $ US

In 2021, the value of molasses output in Australia and New Zealand was $285.8 million US, showing a modest decrease of 8.0% from the previous year. Over the 2018-2021 period, production value fell by 4.4%, with a compound annual growth rate of -1.5%. The highest value was recorded in 2020 at $310.6 million US, which also saw the largest increase of 6.9% during that year.

Annual dynamics of production in Australia and New Zealand in value, 2018-2021, M $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(2.9%)	6.9%	(8.0%)	(1.5%)

Source: SHEV.io

Exports molasses from Australia and New Zealand

Exports in kind, K t

The data shows irregular changes, indicating a volatile market environment. From 2019 to 2021, export volumes experienced significant fluctuations, with a peak-to-trough amplitude of 3.5 times. In 2021, Australia and New Zealand exported 264.9 thousand tonnes of molasses, representing a sharp increase of 192.3% compared to the previous year. The lowest export volume was recorded in 2019 at 74.8 thousand tonnes, which also saw the largest decline of 57.8%.

Annual dynamics of product's exports from Australia and New Zealand in kind, 2018-2021, K t

Parameter		2019	2020	2021	CAGR
1	Change from last year	(57.8%)	21.2%	192.3%	14.3%

Source: SHEV.io

Between 2018 and 2021, the United States (accounting for 18.8% of exports in kind), Thailand (16.9%), and South Korea (14.8%) together made up 50.4% of total exports in kind, remaining the primary destinations for molasses from Australia and New Zealand.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Australia and New Zealand in kind, 2018-2021

Source: SHEV.io

Exports in value, K $ US

The market displayed an unstable trend throughout the period. Export values peaked in 2021 and hit a low in 2019, with a 2.7-fold difference between these years. In 2021, molasses exports from Australia and New Zealand were valued at $57,322 thousand US, showing a 108.2% increase compared to 2020. The minimum value was recorded in 2019 at $20,877 thousand US, which also experienced the largest decline of 43.9%.

Annual dynamics of product's exports from Australia and New Zealand in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(43.9%)	31.9%	108.2%	15.5%

Source: SHEV.io

From 2018 to 2021, South Korea (contributing 20.5% of exports in value terms), Thailand (16.1%), and the United States (14.9%) were the top contributors to export value, jointly accounting for 51.6% of total flows.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Australia and New Zealand in value, 2018-2021

Source: SHEV.io

Imports molasses to Australia and New Zealand

Imports in kind, K t

Molasses imports into Australia and New Zealand have declined for the third consecutive year. In 2021, imports totaled 9.3 thousand tonnes, down by 80.0% compared to 2020. Over the 2018-2021 period, imports decreased by 92.2%, equating to an average annual decline of 57.3%.

Annual dynamics of product's imports to Australia and New Zealand in kind, 2018-2021, K t

Parameter		2019	2020	2021	CAGR
1	Change from last year	(56.6%)	(10.4%)	(80.0%)	(57.3%)

Source: SHEV.io

Between 2018 and 2021, the partner landscape for imports in kind was diverse. Thailand (16.4% of imports in kind), Vietnam (5.8%), and Indonesia (5.6%) together accounted for only 27.8% of total flows, with the remaining 72.2% coming from a wide range of other countries.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Australia and New Zealand in kind, 2018-2021

Source: SHEV.io

Imports in value, K $ US

The market exhibited an unstable trend throughout the timeframe. Import values fluctuated significantly, with a 5.9-fold difference between the high in 2018 and the low in 2021. In 2021, imported molasses volumes in Australia and New Zealand amounted to $5,230 thousand US, down by 77.7% from the previous year. The largest increase was recorded in 2020 at 12.6%.

Annual dynamics of product's imports to Australia and New Zealand in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(33.1%)	12.6%	(77.7%)	(44.8%)

Source: SHEV.io

The country composition of imports in value terms from 2018 to 2021 was dispersed. Thailand (31.6% of imports in value terms), Vietnam (5.7%), and Indonesia (4.4%) together formed just 41.7% of total flows, while the remaining 58.3% was distributed among a wide range of other destinations.

Structure of product's imports in value by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Australia and New Zealand in value, 2018-2021

Source: SHEV.io