What is the price of molasses per kilogram/pound in Ethiopia today?
The retail price range for Ethiopia molasses is between US$ 0.66 and US$ 0.84 per kilogram or between US$ 0.30 and US$ 0.38 per pound(lb). Click here to see today's exact prices of molasses in Ethiopia
The retail price range in Ethiopian Birr for molasses is between ETB 35.90 and ETB 45.40 per kilogram or between ETB 16.28 and ETB 20.59 per pound(lb) in Addis Ababa and Dire Dawa.
Wholesale prices
In 2024, the approximate wholesale price range for Ethiopia molasses is between US$ 0.46 and US$ 0.59 per kilogram or between US$ 0.21 and US$ 0.27 per pound(lb).
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Ethiopia Molasses Export Prices - Historical, Trends and Prediction
The export price per kilogram of Molasses from Ethiopia over the last five years has seen a steady decline. In 2016, the price was 0.10 US $ per kg, which dropped to 0.09 US $ per kg in 2017. The price then rose to 0.10 US $ per kg in 2018, before dropping again to 0.08 US $ per kg in 2019 and 2020. The price then increased slightly to 0.09 US $ per kg in 2021. Based on this trend, it is predicted that the export price per kilogram of Molasses from Ethiopia in 2023 will be 0.08 US $ per kg and in 2024 will be 0.09 US $ per kg.The exports of molasses from Ethiopia are classified as:
- Beet molasses resulting from the extraction or refining of sugar (HS code 170390)
- Cane molasses resulting from the extraction or refining of sugar (HS code 170310)
Ethiopia Molasses Import Prices - Historical, Trends and Prediction
The import price per kilogram of Molasses into Ethiopia over the last five years has been relatively stable. In 2016, the price was 0.10 US$ per kg, and in 2017 it decreased slightly to 0.09 US$ per kg. The price then increased to 0.10 US$ per kg in 2018, before dropping to 0.08 US$ per kg in both 2019 and 2020. In 2021, the price increased again to 0.09 US$ per kg. Based on this trend, it is likely that the price of Molasses in Ethiopia will remain at 0.09 US$ per kg in 2023 and 2024.Export values for Ethiopia molasses
The total values in export for molasses in Ethiopia were US$ 6,062, US$ 337 and US$ 6,987 in US dollar thousand for the years 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Ethiopia: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of molasses in other countries across Africa: Algeria molasses, Angola molasses, Botswana molasses, Burundi molasses, Cameroon molasses, Cape Verde molasses, Central African Republic molasses, Comoros molasses, DRC Congo molasses & Benin molasses.
Ethiopia molasses - Production, Exports, Imports, Seasons and HS Codes
In 2019 Ethiopia exported 41,585 tonnes of molasses. Across 2019 alone, the market for Ethiopia molasses (processed category) has surged, flactuating by 1487.214 per cent compared to the year 2018. Between 2017 and 2019, molasses' exports reduced by -36.09% earning the nation US$6.99m for the year 2019. Ethiopia's molasses exports are classified as:
- Cane molasses resulting from the extraction or refining of sugar (HS code 170310)
- Beet molasses resulting from the extraction or refining of sugar (HS code 170390)
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Ethiopia molasses export values
In 2019, Ethiopia exported molasses with a value of 6.99m USD, a growth of 1,974.18% from 2018's total molasses export of 0.337m USD. The yearly change in value of Ethiopia molasses between 2017 to 2018 was -94.441 per cent.
The annual change in the amount of Ethiopia's molasses exports between 2017 and 2019 was -36.09 pc in comparison to a variation of 1487.214% in the period between 2018 and 2019.
Export markets for Ethiopia molasses ( in '000$ )
Ethiopia's best performing export markets for molasses are Italy, Egypt, Turkey, France and Vietnam.
Ethiopia ordered 0 tonnes of molasses in 2019.