Key Market Indicators
Venezuelan Sweeteners Sales is projected to drop to approximately 610,000 metric tons by 2028, down from 701,000 metric tons in 2023. This represents an average annual decrease of 2.2%. Since 2019, the Venezuelan market has been shrinking at an annual rate of 1.9%. On the production side, Venezuelan Sweeteners Production is expected to plummet to nearly 80,000 metric tons by 2028, a sharp decline from the 198,000 metric tons recorded in 2023. This marks an average yearly decline of 14.4%. Since 2019, the supply has decreased annually by 9.5%. In 2023, Venezuela ranked 71st in sweeteners production, with Belize surpassing it with 198,000 metric tons. Brazil, the United States, and Thailand occupied the second, third, and fourth positions, respectively, in the global rankings.
