# HS 170390 Molasses global trade data overview | Yugalinks

Reported global trade in molasses, from sugar beet, resulting from the extraction or refining of sugar reached $415.7M in 2024, with five-year annual growth of +1.7%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $388.1M | +8.3% | +13.7% |
| 2014 | $378.1M | -2.6% | +7.8% |
| 2015 | $326.7M | -13.6% | -3% |
| 2016 | $347.8M | +6.5% | -3.6% |
| 2017 | $361.1M | +3.8% | -1.5% |
| 2018 | $370.4M | +2.6% | +4.3% |
| 2019 | $382.9M | +3.4% | +3.3% |
| 2020 | $408.4M | +6.7% | +4.2% |
| 2021 | $407.6M | -0.2% | +3.2% |
| 2022 | $450.7M | +10.6% | +5.6% |
| 2023 | $543.0M | +20.5% | +10% |
| 2024 | $415.7M | -23.4% | +0.7% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| Bangladesh | $29.7M | +373.5% | 4 |
| United Kingdom | $28.8M | +12.6% | 24 |
| Italy | $26.9M | +11.5% | 28 |
| Hungary | $25.1M | +5.3% | 14 |
| Belgium | $20.6M | -7.2% | 18 |
| USA | $19.2M | +6.2% | 33 |
| Guyana | $19.1M | +156.2% | 3 |
| Denmark | $18.6M | +8.5% | 17 |
| Canada | $18.4M | +7.7% | 37 |
| Netherlands | $15.9M | -19.4% | 59 |
| Turkey | $15.9M | -17.2% | 10 |
| Malaysia | $15.2M | +19.3% | 19 |

_Source: reported merchandise trade data. Updated 2026-08-14._