Key Market Indicators
Estonian Sweeteners Sales are projected to decline to 56,000 metric tons by 2028, down from 61,000 metric tons in 2023. This represents a year-on-year compound annual growth rate (CAGR) decline of 1.4%. The Estonian market for sweeteners has been shrinking at an average rate of 2.4% annually since 2019. In terms of production, Estonia is expected to see a more significant decline. Sweeteners production is forecasted to drop to 2,100 metric tons by 2028 from 3,000 metric tons in 2023, marking an average annual decrease of 5.6%. This downward trend has been consistent since 2019. As of 2023, Estonia ranked 122nd in global sweeteners production, with Latvia surpassing it at 3,000 metric tons. Leading the global rankings are Brazil, the United States, and Thailand, occupying the second, third, and fourth spots, respectively.
