Market research

Molasses market in Eastern Asia

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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"Eastern Asia" region includes following countries:

China

Hong Kong

Japan

North Korea

South Korea

Macao

Mongolia

Earlier Report Observations

The molasses market in Eastern Asia saw volatility from 2018 to 2021, with volume falling from 4.6 million tons to 3.6 million tons. This occurred alongside the rapid rise of sugar substitutes, where new players entered the market and investment flowed into the sector, spurred by consumer shift toward low-sugar diets and regulatory support for reduced sugar consumption.

The market rebounded strongly in 2022, reaching 5.5 million tons, and continued growing to 5.9 million tons in 2023. This surge was primarily driven by declining molasses prices in China, with Guangxi transaction averages falling to 1 330–1 340 yuan per ton, alongside steady feed industry demand that kept consumption stable. The commissioning of new hydrolyzed sugar projects also improved substrate availability, supporting further market expansion.

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 Eastern Asia
  1. 5.1.1. Annual dynamics of production in Eastern Asia 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. Exports
1. 6.1. Exports (Direct Data*)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's exports from China in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's exports in kind from China by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's exports from China in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's exports in value from China by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from China, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from China by countries, 2018-2024, $ US/t
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's exports from China in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's exports in kind from China by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's exports from China in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's exports in value from China by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from China, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from China by countries, 2018-2024, $ US/t
7. Imports
1. 7.1. Imports (Direct Data*)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's imports to China in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's imports in kind to China by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's imports to China in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's imports in value to China by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's imports to China, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to China by countries, 2018-2024, $ US/t
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's imports to China in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's imports in kind to China by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's imports to China in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's imports in value to China by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's imports to China, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to China by countries, 2018-2024, $ 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, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ 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 Eastern Asia

In kind, 2017-2020, K t

Top producers of molasses, 2017-2020

Source: SHEV.io

World map of production of molasses, 2017-2020

Source: SHEV.io

In 2019, Eastern Asia produced 3,875 K t of molasses, marking the lowest output during the period. Production then increased slightly by 2.4% to reach 3,967 K t in 2020. The highest production level was recorded in 2018 at 3,985 K t, while the most significant decline occurred in 2019 with a drop of 2.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	1.4%	(2.8%)	2.4%	0.3%

Source: SHEV.io

In value, 2017-2020, M $ US

Following two years of growth, molasses production in Eastern Asia experienced a decline. In 2020, the output was valued at 1,543 M $ US, representing a gradual decrease of 8.9% compared to 2019. The peak value was recorded in 2019 at 1,694 M $ US. Over the period from 2017 to 2020, production increased by 16.6%, averaging an annual growth rate of 5.3%. The largest increase occurred in 2018, with a rise of 22.1%.

Annual dynamics of production in Eastern Asia in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	22.1%	4.9%	(8.9%)	5.3%

Source: SHEV.io

Exports molasses from Eastern Asia

Exports in kind, K t

The market displayed volatility throughout the observed period. Exports reached their lowest point in 2017 and peaked in 2019, with a 2.2-fold difference between these years. In 2020, foreign molasses supplies from Eastern Asia amounted to 0.9 K t, showing an abrupt decline of 28.5% year-over-year. The maximum value was recorded in 2019 at 1.2 K t, while the largest increase occurred in 2018 with a growth of 97.4%.

Annual dynamics of product's exports from Eastern Asia in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	97.4%	11.9%	(28.5%)	16.5%

Source: SHEV.io

From 2017 to 2020, molasses exports from Eastern Asia were distributed across a wide range of partner countries. Asia, not elsewhere specified (16.0% of exports in kind), Finland (13.3%), and Singapore (2.9%) together accounted for just 32.3% of total export flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, M $ US

The market exhibited an unstable trend during the timeframe. Exports bottomed in 2017 and peaked in 2019, with a 2.9-fold difference between these years. In 2020, foreign molasses supplies from Eastern Asia stood at 0.3 M $ US, down by 36.4% year-over-year. The maximum value was recorded in 2019 at 0.5 M $ US, while the largest increase occurred in 2018 with a rise of 137.8%.

Annual dynamics of product's exports from Eastern Asia in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	137.8%	20.7%	(36.4%)	22.2%

Source: SHEV.io

During 2017–2020, molasses exports in value terms from Eastern Asia were relatively evenly spread. Italy (11.7% of exports in value terms), Asia, not elsewhere specified (9.4%), and Finland (6.9%) jointly accounted for only 28.0% of total export flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports molasses to Eastern Asia

Imports in kind, K t

Molasses imports into Eastern Asia declined for the third consecutive year. In 2020, imports amounted to 543.8 K t, down by 7.3% compared to 2019. Between 2017 and 2020, imports decreased by 19.6%, equating to an annualized decline rate of 7.0%.

Annual dynamics of product's imports to Eastern Asia in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(11.7%)	(1.9%)	(7.3%)	(7.0%)

Source: SHEV.io

From 2017 to 2020, Thailand (31.4% of imports in kind), Indonesia (20.4%), and Australia (18.8%) continued to lead as the top suppliers of molasses to Eastern Asia, jointly accounting for 70.6% of total imports in kind.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

Molasses imports into Eastern Asia increased for the second consecutive year. In 2020, Eastern Asia imported a total of 113.4 M $ US of molasses, up by 16.2% over the previous year. The lowest value was recorded in 2018 at 90.1 M $ US, while the largest decline occurred in 2018 with a drop of 21.6%.

Annual dynamics of product's imports to Eastern Asia in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(21.6%)	8.3%	16.2%	(0.5%)

Source: SHEV.io

Over 2017–2020, Thailand (32.4% of imports in value terms), Indonesia (20.8%), and Australia (16.3%) remained the leading sources in the import structure by value, with a combined share of 69.5% of total import flows.

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

Source: SHEV.io

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

Source: SHEV.io