Key Market Indicators
Ethiopian sweeteners production is projected to decline to around 325,000 metric tons by 2028, down from 353,000 metric tons in 2023. This marks a 1.3% annual decrease in compound annual growth rate (CAGR). Despite the drop, the supply has increased by 0.8% annually since 2019. In 2023, Ethiopia ranked 61st in global production, with Croatia surpassing it at 353,000 metric tons. Leading the global rankings, Brazil, the United States, and Thailand secured the second, third, and fourth positions, respectively. In contrast, Ethiopian sweeteners sales are expected to rise to approximately 1,060,000 metric tons by 2028, up from 985,000 metric tons in 2023. This represents a 1.1% annual growth in CAGR. The market for sweeteners in Ethiopia has grown at a consistent rate of 1.1% per year since 2019.
