Key Market Indicators
Slovak sweeteners production is projected to decline to approximately 445,000 metric tons by 2028, down from 458,000 metric tons in 2023. This represents an average annual decrease of 0.5%. Since 2019, the country's sweetener supply has been falling at an average rate of 0.8% per year. In 2023, Slovakia ranked 55th in sweetener production, with Costa Rica surpassing it by producing 458,000 metric tons. Brazil, the United States, and Thailand held the second, third, and fourth spots, respectively, in global rankings. On the sales front, Slovak sweeteners are expected to see an upward trend, reaching 588,000 metric tons by 2028 from 527,000 metric tons in 2023. This marks a compound annual growth rate (CAGR) of 1.7%. Since 2019, the Slovak market for sweeteners has been expanding at an annual rate of 3%.
