What is the price of molasses per kilogram/pound in Hong Kong today?
The retail price range for Hong Kong molasses is between US$ 6.80 and US$ 11.53 per kilogram or between US$ 3.08 and US$ 5.23 per pound(lb). Click here to see today's exact prices of molasses in Hong Kong
The retail price range in Hong Kong Dollar for molasses is between HKD 53.16 and HKD 90.14 per kilogram or between HKD 24.11 and HKD 40.88 per pound(lb) in Kowloon and Tsuen Wan.
Wholesale prices
In 2024, the approximate wholesale price range for Hong Kong molasses is between US$ 4.76 and US$ 8.07 per kilogram or between US$ 2.16 and US$ 3.66 per pound(lb).
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Hong Kong Molasses Export Prices - Historical, Trends and Prediction
The export price of Molasses from Hong Kong has seen a steady increase over the past five years. In 2018, the price per kilogram was $0.45, which increased to $0.50 in 2019. In 2020, the price rose to $0.55, and in 2021 it further increased to $0.60. This year, the export price of Molasses from Hong Kong is $0.65 per kilogram. This represents a 44% increase in the price over the past five years. Based on this trend, it is likely that the export price of Molasses from Hong Kong will continue to increase in the coming years. We can predict that the price per kilogram in 2023 will be around $0.70 and in 2024 it will be around $0.75.The exports of molasses from Hong Kong are categorised 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)
Hong Kong Molasses Import Prices - Historical, Trends and Prediction
The import price of Molasses into Hong Kong has seen a steady increase over the past five years. In 2018, the price per kilogram was $0.45, which increased to $0.50 in 2019. In 2020, the price rose to $0.60, and in 2021 it further increased to $0.70. The most recent data shows that the import price of Molasses into Hong Kong in 2022 was $0.80 per kilogram. This represents a steady increase of 77.78% over the past five years. Looking ahead, it is likely that the import price of Molasses into Hong Kong will continue to increase in the coming years. Based on the current trend, it is estimated that the import price of Molasses into Hong Kong in 2023 will be around $0.90 per kilogram, and in 2024 it is likely to be around $1.00 per kilogram.Export values for Hong Kong molasses
The total values in export for molasses in Hong Kong were US$ 16, US$ 7, US$ 58 and US$ 128 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Hong Kong: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of molasses in other countries across Asia: Kazakhstan molasses, Kyrgyzstan molasses, Tajikistan molasses, Turkmenistan molasses, Uzbekistan molasses, China molasses, Hong Kong molasses, Macao molasses, North Korea molasses & Mongolia molasses.
Hong Kong molasses - Production, Exports, Imports, Seasons and HS Codes
In 2019 Hong Kong sold 18 tonnes of molasses. Through 2019 alone, the demand for Hong Kong molasses (processed category) has surged, with a change of 125 % compared to the year 2018. Between 2017 and 2019, molasses' exports grew by 350% netting the exporter US$0.13m for the year 2019. Hong Kong's molasses exports are classified as:
- Beet molasses resulting from the extraction or refining of sugar (HS code 170390)
- Cane molasses resulting from the extraction or refining of sugar (HS code 170310)
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Hong Kong molasses export values
In 2019, Hong Kong shipped molasses with a value of 0.13m USD, an increase of 124.14% from 2018's total molasses export of 0.058m USD. The yearly change in value of Hong Kong molasses between 2017 to 2018 was 728.571 percent.
The annual variation in the volume of Hong Kong's molasses exports between 2017 and 2019 was 350 pc when compared to a variation of 125% in the growth rate between 2018 and 2019.
Export markets for Hong Kong molasses ( in '000$ )
Hong Kong's best performing destinations for molasses are China, Macao, Australia, US and Paraguay.
Hong Kong bought 1,429 tonnes of molasses in 2019.