What is the price of molasses per kilogram/pound in Philippines today?
The retail price range for Philippines molasses is between US$ 0.53 and US$ 1.07 per kilogram or between US$ 0.24 and US$ 0.49 per pound(lb). Click here to see today's exact prices of molasses in Philippines
The retail price range in Philippine peso for molasses is between PHP 29.56 and PHP 59.67 per kilogram or between PHP 13.41 and PHP 27.06 per pound(lb) in Manila and Quezon.
Wholesale prices
In 2024, the approximate wholesale price range for Philippines molasses is between US$ 0.37 and US$ 0.75 per kilogram or between US$ 0.17 and US$ 0.34 per pound(lb).
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Philippines Molasses Export Prices - Historical, Trends and Prediction
The export price per kilogram of Molasses from Philippines over the last five years has seen a significant increase. In 2015, the price was 0.26 US $ per kg, and in 2019, it was 0.96 US $ per kg. This represents an increase of 270% over the five year period. Looking ahead, we can predict that the export price of Molasses from Philippines in 2023 will be around 2.90 US $ per kg, and in 2024, it will be around 3.84 US $ per kg.The molasses exports from the Philippines 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)
Philippines Molasses Import Prices - Historical, Trends and Prediction
The import price per kilogram of Molasses into Philippines over the last five years has been quite varied. In 2015, the price was 0.26 US $ per kg, which was the highest in the last five years. This was followed by a sharp decline in 2017 to 0.05 US $ per kg. In 2018, the price rose significantly to 2.19 US $ per kg, before dropping to 0.96 US $ per kg in 2019. This indicates that the import price of Molasses into Philippines is quite volatile. Based on this data, it is likely that the import price of Molasses into Philippines in 2023 will be around 0.96 US $ per kg, and in 2024 it will be around 0.05 US $ per kg.Export values for Philippines molasses
The total values in export for molasses in the Philippines were US$ 3,414, US$ 3,853, US$ 16,300 and US$ 23 in US dollar thousand for the years 2015, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Philippines: 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.
Philippines molasses - Production, Exports, Imports, Seasons and HS Codes
In 2019 The Philippines sold 24 tonnes of molasses. Through 2019 alone, the demand for the Philippines molasses (processed category) has decreased, with a change of -99.659 pc compared to the year 2018. Between 2017 and 2019, molasses' exports decreased by -99.94 percent bringing the nation US$0.02m for the year 2019. the Philippiness' molasses exports are classified as:
- Cane molasses resulting from the extraction or refining of sugar (HS code 170310)
- Beet molasses resulting from the extraction or refining of sugar (HS code 170390)
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Philippines molasses export values
In 2019, the Philippines shipped molasses with a value of 0.02m USD, a drop of -99.88% from 2018's total molasses export of 16.3m USD. The yearly reduction in value of the Philippines molasses between 2017 to 2018 was 323.047 percent.
The annual/yearly change in the quantity of the Philippiness' molasses exports between 2017 and 2019 was -99.94% when compared to a variation of -99.659% in the growth rate between 2018 and 2019.
Export markets for Philippines molasses ( in '000$ )
the Philippiness' leading destinations for molasses are Japan, France, South Korea, the Netherlands and Germany.
the Philippines imported 745,490 tonnes of molasses in 2019.