What is the price of molasses per kilogram/pound in New Zealand today?
The retail price range for New Zealand molasses is between US$ 5.24 and US$ 9.68 per kilogram or between US$ 2.38 and US$ 4.39 per pound(lb). Click here to see today's exact prices of molasses in New Zealand
The retail price range in New Zealand Dollar for molasses is between NZD 8.34 and NZD 15.39 per kilogram or between NZD 3.78 and NZD 6.98 per pound(lb) in Wellington and Auckland.
Wholesale prices
In 2024, the approximate wholesale price range for New Zealand molasses is between US$ 3.67 and US$ 6.77 per kilogram or between US$ 1.66 and US$ 3.07 per pound(lb).
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New Zealand Molasses Export Prices - Historical, Trends and Prediction
The export price per kilogram of Molasses from New Zealand has seen a steady increase over the last five years. In 2016, the price was 3.39 US$ per kg, and in 2021 it had risen to 4.8 US$ per kg. The highest price was recorded in 2021, with 4.8 US$ per kg, while the lowest was in 2018, with 2.54 US$ per kg. The current price is 4.08 US$ per kg. Based on the data, it is likely that the export price of Molasses from New Zealand will continue to increase in the next two years, with an estimated price of 4.25 US$ per kg in 2023 and 4.45 US$ per kg in 2024.The exports of molasses from New Zealand 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)
New Zealand Molasses Import Prices - Historical, Trends and Prediction
The import price per kilogram of Molasses into New Zealand has seen a steady decline over the last five years. In 2017, the price was 2.98 US dollars per kg, and this decreased to 2.54 US dollars per kg in 2018. In 2019, the price dropped further to 2.45 US dollars per kg, and in 2020, it decreased to 2.41 US dollars per kg. The price then increased to 4.8 US dollars per kg in 2021, before dropping to 4.08 US dollars per kg in 2022. Based on this trend, it is predicted that the import price per kilogram of Molasses into New Zealand will be 3.90 US dollars per kg in 2023 and 3.45 US dollars per kg in 2024.Export values for New Zealand molasses
The total values in export for molasses in New Zealand were US$ 4,111, US$ 3,558, US$ 2,394 and US$ 996 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in New Zealand: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of molasses in other countries across Oceania: Fiji molasses, French Polynesia molasses, Guam molasses, Micronesia molasses, New Caledonia molasses, Papua New Guinea molasses, Samoa molasses, Solomon Islands molasses, Tonga molasses & Vanuatu molasses.
New Zealand molasses - Production, Exports, Imports, Seasons and HS Codes
The amount of molasses sold by New Zealand in 2020 was 250 tonnes. In 2019 New Zealand shipped 407 tonnes of molasses. For the year 2019 alone, the demand for New Zealand molasses (processed category) has shrunk, changing by -56.886 pc compared to the year 2018. Between 2017 and 2019, molasses' exports reduced by -65.91 percent bringing the nation US$1.00m for the year 2019. New Zealand's molasses exports are classified as:
- Beet molasses resulting from the extraction or refining of sugar (HS code 170390)
- Cane molasses resulting from the extraction or refining of sugar (HS code 170310)
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New Zealand molasses export values
In 2019, New Zealand shipped molasses valued at 1.00m USD, a reduction of -58.23% from 2018's total molasses export of 2.394m USD. The annual change in value of New Zealand molasses between 2017 to 2018 was -32.715 percent.
The annual variation in the amount of New Zealand's molasses exports between 2017 and 2019 was -65.91 per cent when compared to a variation of -56.886% in the growth rate between 2018 and 2019.
Export markets for New Zealand molasses ( in '000$ )
New Zealand's best performing destinations for molasses are Hong Kong, China, Australia, Samoa and Tonga.
New Zealand ordered 86,457 tonnes of molasses in 2019.