What is the price of molasses per kilogram/pound in Syria today?
The retail price range for Syria molasses is between US$ 3.62 and US$ 9.65 per kilogram or between US$ 1.64 and US$ 4.38 per pound(lb). Click here to see today's exact prices of molasses in Syria
The retail price range in Syrian pound for molasses is between SYP 9,285.58 and SYP 24,736.78 per kilogram or between SYP 4,211.15 and SYP 11,218.49 per pound(lb) in Damascus and Aleppo.
Wholesale prices
In 2024, the approximate wholesale price range for Syria molasses is between US$ 2.53 and US$ 6.75 per kilogram or between US$ 1.15 and US$ 3.06 per pound(lb).
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Syria Molasses Export Prices - Historical, Trends and Prediction
The export price of Molasses from Syria has seen a steady increase over the past five years. In 2018, the export 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. The export price per kilogram of Molasses from Syria in 2022 is estimated to be $0.65. Looking ahead, it is likely that the export price per kilogram of Molasses from Syria will continue to increase in the coming years, with an estimated price of $0.70 in 2023 and $0.75 in 2024.The molasses exports from Syria 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)
Syria Molasses Import Prices - Historical, Trends and Prediction
The import price of Molasses into Syria 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. This year, the price has reached its highest point of $0.80 per kilogram. This represents an increase of 77.78% from 2018 to 2021. It is likely that the price of Molasses will continue to increase in the coming years, and it is predicted that the price per kilogram will reach $0.90 in 2023 and $1.00 in 2024.Export values for Syria molasses
The total values in export for molasses in Syria were US$ 373, US$ 207, US$ 308 and US$ 563 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Syria: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of molasses in other countries across Middle East: Bahrain molasses, Cyprus molasses, Iraq molasses, Israel molasses, Jordan molasses, Kuwait molasses, Lebanon molasses, Palestine molasses, Oman molasses & Qatar molasses.
Syria molasses - Production, Exports, Imports, Seasons and HS Codes
In 2019 Syria shipped 1,643 tonnes of molasses. For the year 2019 alone, the demand for Syria molasses (processed category) has gone down, changing by -28.378 per cent compared to the year 2018. Between 2017 and 2019, molasses' exports reduced by -14.34 pc bringing Syria US$0.56m for the year 2019. Syria's molasses exports are categorised as:
- Cane molasses resulting from the extraction or refining of sugar (HS code 170310)
- Beet molasses resulting from the extraction or refining of sugar (HS code 170390)
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Syria molasses export values
In 2019, Syria supplied molasses worth 0.56m USD, a growth of 81.82% from 2018's total molasses export of 0.308m USD. The yearly change in value of Syria molasses between 2017 to 2018 was 48.792 per cent.
The annual/yearly change in the amount of Syria's molasses exports between 2017 and 2019 was -14.34% when compared to a variation of -28.378% in the growth rate between 2018 and 2019.
Export markets for Syria molasses ( in '000$ )
Syria's leading destinations for molasses are Saudi Arabia, Jordan, United Arab Emirates (UAE), Canada and Australia.
Syria ordered 6,207 tonnes of molasses in 2019.