Key Market Indicators
Nicaraguan Sweeteners Sales are projected to reach approximately 357,000 metric tons by 2028, up from 355,000 metric tons in 2023, marking a modest annual growth rate of 0.1%. Since 2019, the market has seen a slight increase of 0.3% annually. On the production front, Nicaraguan Sweeteners Production is expected to hit around 821,000 metric tons by 2028, rising from 807,000 metric tons in 2023, reflecting an annual growth rate of 0.3%. However, since 2019, the country's supply has experienced a yearly decline of 0.3%. In 2023, Nicaragua ranked 35th globally in sweeteners production, with Spain surpassing it at 807,000 metric tons. In the global ranking, Brazil, the United States, and Thailand occupied the second, third, and fourth spots, respectively.
