Key Market Indicators
Ecuadorian sweetener sales are projected to reach approximately 383,000 metric tons by 2028, up from 373,000 metric tons in 2023. This growth represents an average annual increase of 0.4%. Since 2019, the market has experienced a modest year-on-year rise of 0.1%. In contrast, Ecuadorian sweetener production is expected to decline slightly. By 2028, production is forecasted to fall to around 573,000 metric tons from 579,000 metric tons in 2023, marking a 0.2% average annual decrease. Despite a small annual growth of 0.1% since 2019, the country's production ranking slipped to 47th place in 2023. Bangladesh surpassed Ecuador with a production volume of 579,000 metric tons. On a global scale, Brazil, the United States, and Thailand hold the second, third, and fourth positions in sweetener production, respectively.
