Key Market Indicators
Spanish Sweeteners Sales are projected to decline slightly, reaching around 1,540 thousand metric tons by 2028, down from 1,550 thousand metric tons in 2023. This represents a stable trend with no significant year-on-year change in the compound annual growth rate (CAGR). The market has seen a modest annual decrease of 0.1% since 2019. In terms of production, Spanish sweeteners are expected to fall to approximately 785 thousand metric tons by 2028, a drop from 809 thousand metric tons in 2023. This decline averages 0.5% annually. Since 2019, production has decreased by about 0.7% each year. In 2023, Spain ranked 34th globally in sweetener production, with El Salvador slightly ahead at the same production level of 809 thousand metric tons. Leading producers in this sector include Brazil, the United States, and Thailand, holding the second, third, and fourth positions, respectively.
