Market research

Molasses market in Cuba

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

Cuba's molasses market volume grew to 518 thousand tons in 2019 from 395 thousand tons in 2018, then saw a minor correction to 512 thousand tons in 2020.

A sustained decline began in 2021, with volume dropping to 384 thousand tons. The downturn deepened in 2022 and 2023, falling to 301 thousand tons and 239 thousand tons, respectively. This was driven by a severe crisis in the sugar industry, including the closure of sugar mills, acute shortages of inputs and fuel, and an overarching energy crisis. The sector's reorganization, marked by the replacement of the Sugar Ministry with a state agro-industrial group in 2023, occurred alongside historically low sugarcane harvests that curtailed molasses output. During this period, new private micro and small enterprises (MIPYMES) entered the market following Decree-Law 46/2021, adding new actors to the agro-industrial landscape.

Factors pointing to continued strain in 2024 included only 11 of 22 sugar mills being operational for the harvest and a government-mandated increase in the sugarcane purchase price aimed at reviving production.

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, 2018-2024
    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. Production
1. 5.1. Production in Cuba
  1. 5.1.1. Annual dynamics of production in Cuba in kind, 2018-2023, K t
  2. 5.1.2. Annual dynamics of production in Cuba 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, 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, t
    1. 6.1.2.1. Annual dynamics of product's imports to Cuba in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Cuba 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, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Cuba in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Cuba by countries, 2018-2024, K $ 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/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Cuba, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Cuba by countries, 2018-2024, $ US/kg
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 Cuba in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Cuba 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, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Cuba in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Cuba by countries, 2018-2024, K $ 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/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Cuba, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Cuba by countries, 2018-2024, $ US/kg
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 Cuba in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Cuba 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, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Cuba in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Cuba by countries, 2018-2024, K $ 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/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Cuba, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Cuba by countries, 2018-2024, $ US/kg
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 Cuba in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Cuba 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, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Cuba in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Cuba by countries, 2018-2024, K $ 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/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Cuba, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from Cuba by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
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 Cuba

In kind, 2017-2020, K t

Cuba ranked 23rd globally in molasses production from 2017 to 2020.

Top producers of molasses, 2017-2020

Source: SHEV.io

World map of production of molasses, 2017-2020

Source: SHEV.io

In 2020, Cuba produced 512.1 K t of molasses, marking a 1.5% decrease compared to the previous year. Over the 2017-2020 period, production grew by 9%, with a compound annual growth rate of 2.9%. The lowest production level was recorded in 2018 at 395.0 K t, while the highest was in 2019 at 520.0 K t. The most significant decline occurred in 2018, dropping by 16.0%, whereas the largest increase was in 2019, rising by 31.6%.

Annual dynamics of production in Cuba in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(16.0%)	31.6%	(1.5%)	2.9%

Source: SHEV.io

Exports molasses from Cuba

Exports in kind, t

In 2020, Cuba exported 49 t of molasses, representing a sharp decline of 97.5% year-over-year.

Annual dynamics of product's exports from Cuba in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	(97.5%)	-

Source: SHEV.io

From 2017 to 2020, the export structure for molasses was heavily concentrated on the Netherlands, which accounted for 89.0% of total flows, with other markets playing a less significant role.

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

Source: SHEV.io

World map of product's exports from Cuba in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

In 2020, the value of Cuba's molasses exports reached 11.2 K $ US, a decrease of 96.8% compared to the prior year.

Annual dynamics of product's exports from Cuba in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	(96.8%)	-

Source: SHEV.io

During 2017-2020, the geographical distribution of exports in value terms was dominated by the Netherlands, with a share of 88.3% of total flows, while other partners held relatively minor shares.

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

Source: SHEV.io

World map of product's exports from Cuba in value, 2017-2020

Source: SHEV.io

Imports molasses to Cuba

Imports in kind, t

Molasses imports into Cuba declined for the third consecutive year. In 2020, imports totaled 0.1 t, reflecting a steep decrease of 37.5% year-over-year. Over the 2017-2020 period, imports fell by 99.7%, with a compound annual growth rate of 85.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(99.3%)	(33.3%)	(37.5%)	(85.5%)

Source: SHEV.io

From 2017 to 2020, imports in kind were entirely focused on Spain, which accounted for 100.0% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

There were notable fluctuations in import performance during this period. Imports reached their lowest point in 2020 and peaked in 2017, with a 26-fold difference between these years. In 2020, the value of molasses imports into Cuba was 0.2 K $ US, down by 94.7% relative to the prior year. The largest increase was recorded in 2019, rising by 567.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(89.1%)	567.5%	(94.7%)	(66.2%)

Source: SHEV.io

In 2017-2020, Italy and India were the dominant destinations for imports in value terms, together accounting for 88.5% of total flows, with the remaining share distributed among other markets.

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

Source: SHEV.io

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

Source: SHEV.io