Molasses Export From India 2026 Market Overview & Trends

Unlocking Opportunities in Molasses Export From India Market: Trends, Strategies, and Growth Insights

$40.2 m

Market Size

219.1 m Kg

Export Volume

Poland

Key Trading Partner

~-20.81%

Market Growth Rate

Molasses in India Trade

AI Insight

India's molasses exports are navigating a period of volatility, characterized by a -20.81% growth rate following a 2022 peak of $265.5 million. Bangladesh remains the primary trade partner, importing $33.79 million in 2024. While traditional markets like Egypt face sharp declines, Poland and Bhutan represent significant emerging opportunities with high growth rates. Product dynamics show Beet molasses ($29.5M) as the dominant category over Cane molasses. For stakeholders, the focus should shift toward these high-growth emerging markets to offset the current contraction in total export volume.

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5-Year Export Volume

AI Insight

India's molasses exports peaked in 2022, reaching a value of $265.5 million with over 1.67 billion units exported. Since then, both value and quantity have seen a significant downward trend, with 2024 figures currently recorded at $40.16 million and 219 million units, indicating a sharp contraction from previous years.

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Top 5 Destination Countries

Bangladesh

84.41%

Philippines

9.02%

Korea, South

4.92%

Egypt

1.34%

Oman

0.31%

AI Insight

In 2024, Bangladesh stands as the dominant importer of Indian molasses, accounting for $33.79 million in import value. Other notable markets include the Philippines ($3.61M) and South Korea ($1.96M), though their market shares remain significantly smaller than that of Bangladesh.

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Export Growth Analysis

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-20.8%Annual Growth

AI Insight

The market has faced a substantial downturn, evidenced by a negative growth rate of -20.81%. This decline reflects a cooling in trade activity compared to the high-performance years observed between 2021 and 2022.

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Emerging Market Opportunities

AI Insight

Poland and Bhutan are emerging as high-growth markets, with growth rates of 100% and 49% respectively. In contrast, established importers like Egypt and Bahrain are experiencing severe contractions, with values dropping by over 67%.

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Sector-Related Export Opportunities

AI Insight

The export sector is led by Beet molasses (HS 170390), which generated $29.55 million in 2024. Cane molasses (HS 170310) followed with $10.61 million, showing that beet-derived products currently hold the majority share of the export value.

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India Molasses Export Requirements

Before Shipment

1. Registration with State Excise Department. 2. Export Release Order from the Directorate of Sugar. 3. Phytosanitary Certificate from NPPO. 4. Mandatory pre-shipment quality inspection. 5. No Objection Certificate (NOC) from relevant state-level authorities.

Documentation Required

1. Commercial Invoice. 2. Bill of Lading. 3. Packing List. 4. Certificate of Origin. 5. Valid Export Release Order and Excise Permit.

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Molasses Exports and Free Trade Agreements from India

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South Asian Free Trade Area (SAFTA)
India-ASEAN CECA
India-Korea CEPA
India-Japan CEPA
India-UAE CEPA

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