Key Market Indicators
Guyanese sweeteners production is projected to experience a significant decline, dropping to 28,000 metric tons by 2028 from its current level of 73,000 metric tons in 2023. This represents an average annual decrease of 15.2%. The downward trend has been ongoing since 2019, with the supply contracting by 7% each year. In 2023, Guyana ranked 90th globally in sweeteners production. The Republic of the Congo surpassed Guyana, also producing 73,000 metric tons. Leading the global rankings are Brazil, the United States, and Thailand, occupying the second, third, and fourth positions respectively. On the sales front, Guyana's sweeteners market is expected to decline slightly over the next few years. Sales are forecasted to decrease to 40,000 metric tons by 2028 from 42,000 metric tons in 2023, reflecting a compound annual growth rate (CAGR) of -0.7%. Since 2019, the market has seen a modest annual reduction of 0.5%.
