Key Market Indicators
Tobagonian Sweeteners Sales are projected to hit 94,000 metric tons by 2028, up from 93,000 metric tons in 2023. This represents a modest annual growth rate of 0.2%. Since 2019, the Tobagonian market has consistently grown at the same annual rate of 0.2%. Meanwhile, Tobagonian Sweeteners Production is expected to decline, reaching approximately 46,000 metric tons by 2028 from its current level of 51,000 metric tons in 2023. This translates to an annual decrease of 1.6%. Despite this decline, the country's supply of sweeteners had been rising by 0.8% annually since 2019. In the global ranking for 2023, Tobago was placed at number 96, with Greece overtaking it by producing 51,000 metric tons. Brazil, the United States, and Thailand secured the second, third, and fourth positions, respectively, in this ranking.
