Key Market Indicators
Turkmenistan's sweeteners market is projected to decline over the next five years, with sales expected to drop to approximately 61,000 metric tons by 2028. This marks a decrease from an estimated 70,000 metric tons in 2023, translating to an annual decline rate of 2.2%. The market has been on a downward trajectory since 2019, experiencing an average annual decline of 1.6%. On the production side, Turkmenistan's sweeteners output is anticipated to grow. Production levels are projected to reach around 29,000 metric tons by 2028, up from 27,000 metric tons in 2023. This represents an annual growth rate of 1%. Notably, the country's sweeteners production has seen a significant increase since 2019, with an annual growth rate of 6.2%. In the global context, Turkmenistan ranked 103rd in sweeteners production in 2023. The Central African Republic slightly outperformed Turkmenistan with a production level of 27,000 metric tons. Leading the global production rankings were Brazil, the United States, and Thailand, occupying the second, third, and fourth positions respectively.
