Key Market Indicators
Australian Sweeteners Sales are projected to decline slightly, reaching approximately 1.43 million metric tons by 2028 from the current 1.44 million metric tons in 2023. This represents an average annual decrease of 0.1%. Notably, since 2019, the Australian market for sweeteners has remained largely stagnant, showing no significant year-on-year change. In contrast, Australian Sweeteners Production is on an upward trajectory. By 2028, production is expected to hit nearly 5 million metric tons, up from around 4.89 million metric tons in 2023. This marks an average annual growth rate of 0.3%. Since 2019, Australia's sweetener supply has consistently increased, boasting a yearly growth rate of 0.9%. In 2023, Australia ranked 10th globally in sweetener production. Pakistan surpassed Australia with a production of around 4.89 million metric tons. Leading the global rankings, Brazil, the United States, and Thailand secured the second, third, and fourth positions, respectively.
