Key Market Indicators
The Burmese sweeteners market is projected to see a slight decline in sales over the next five years, according to recent data. Sales are anticipated to decrease from approximately 1,430 thousand metric tons in 2023 to around 1,420 thousand metric tons by 2028, reflecting a modest annual drop of 0.1%. Notably, since 2019, the market has experienced a 1.1% annual increase. On the production front, Burmese sweeteners are expected to see a slight uptick. Production is forecasted to grow from about 1,410 thousand metric tons in 2023 to roughly 1,430 thousand metric tons by 2028, marking an average annual growth rate of 0.2%. Despite this projected growth, the Burmese supply has seen a slight annual decline of 0.2% since 2019. In the global rankings for 2023, Myanmar was positioned at number 27 in sweeteners production, with Vietnam surpassing it with production levels also at 1,410 thousand metric tons. Leading the rankings were Brazil, the United States, and Thailand, holding the second, third, and fourth spots respectively.
