Market research

Molasses market in Sierra Leone

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

From 2018 to 2021, the molasses market in Sierra Leone showed relative stability, with volumes hovering around 3 600 t. The market size was 3 670 t in 2018, supported by the strengthening of local agricultural supply chains through the establishment of a 500-hectare farm near Freetown by Pee Cee Holding, a major food distribution player. After a minor adjustment to 3 661 t in 2019, consumption dipped to 3 557 t in 2020 and held at that level in 2021.

A sharp expansion began in 2022, when the market volume jumped by one-third to reach 4 736 t. This surge was driven by the government's prioritization of agro-industrial processing to cut food import dependence and the start of strategic partnerships for agricultural mechanization across 14 districts. Growth continued into 2023, with the market climbing to 5 960 t, fueled by a rise in the agriculture budget from 2% to 7% and the launch of the Feed Salone initiative aimed at transforming the agri-food sector.

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 Sierra Leone
  1. 5.1.1. Annual dynamics of production in Sierra Leone in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Sierra Leone 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. 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 Sierra Leone in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Sierra Leone 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 Sierra Leone in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Sierra Leone 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/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Sierra Leone, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Sierra Leone 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 Sierra Leone in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Sierra Leone 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 Sierra Leone in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Sierra Leone 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/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Sierra Leone, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Sierra Leone by countries, 2018-2024, $ US/t
7. Trade balance
1. 7.1. Trade balance (Direct Data)
  1. 7.1.1. In kind, t
  2. 7.1.2. In value, K $ US
2. 7.2. Trade balance (Mirror Data)
  1. 7.2.1. In kind, t
  2. 7.2.2. In value, K $ US
8. Top buying and selling countries, 2018-2024
1. 8.1. Direct Data
  1. 8.1.1. Import in Value by Countries-buyers
  2. 8.1.2. Export in Value by Countries-suppliers
2. 8.2. Mirror Data
  1. 8.2.1. Import in Value by Countries-buyers
  2. 8.2.2. Export in Value by Countries-suppliers

Production molasses in Sierra Leone

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

The data shows irregular changes, indicating a volatile market environment. The lowest production volume was recorded in 2017, while the highest occurred in 2018, with a peak-to-trough ratio of 1.8 times. In 2020, Sierra Leone produced 3,464 tons of molasses, representing a moderate reduction of 4.7% compared to the previous year. The maximum value was recorded in 2018 at 3,636 tons. The largest increase was observed in 2018, reaching 81.8%.

Annual dynamics of production in Sierra Leone in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	81.8%	-	(4.7%)	20.1%

Source: SHEV.io

Exports molasses from Sierra Leone

According to marketing research, there was no export of molasses from Sierra Leone between 2017 and 2020.

Imports molasses to Sierra Leone

Imports in kind, kg

The market showed signs of volatility over the observed period. Imports bottomed in 2017 and peaked in 2020, with a 43-fold difference between these years. In 2020, cross-border shipments of molasses to Sierra Leone were recorded at 92,598 kg, reflecting a sharp increase of 281.6% from the previous year. The largest decline occurred in 2019, at 28.2%, while the largest increase was recorded in 2018, reaching 1,459.6%.

Annual dynamics of product's imports to Sierra Leone in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	1 459.6%	(28.2%)	281.6%	249.6%

Source: SHEV.io

From 2017 to 2020, Indonesia remained the main market for imports in kind, accounting for 76.1% of total flows, while the remaining volume was fragmented across numerous other destinations.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

Molasses volumes in Sierra Leone increased for the third consecutive year. In 2020, imports stood at 408.6 thousand US dollars, reflecting a dramatic advance of 300.4% compared to 2019. Over the period from 2017 to 2020, imports increased by 67,833.4%, with a compound annual growth rate (CAGR) of 779.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	5 299.1%	214.3%	300.4%	779.1%

Source: SHEV.io

From 2017 to 2020, the structure of imports in value terms was dominated by a single market: Indonesia, which accounted for 93.8% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

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