Key Market Indicators
Armenian Sweeteners Production is projected to decline to approximately 57,000 metric tons by 2028, down from 61,000 metric tons in 2023. This represents an average annual decrease of 1.1%. Since 2019, the country's supply has been on a downward trend, falling by an average of 2.4% per year. In the 2023 rankings, Armenia held the 92nd position, with New Zealand surpassing it at 61,000 metric tons. Globally, Brazil, the United States, and Thailand secured the second, third, and fourth spots, respectively. In contrast, Armenian Sweeteners Sales are on the rise. Projections indicate sales will reach around 157,000 metric tons by 2028, up from 155,000 metric tons in 2023. This marks a modest compound annual growth rate of 0.2%. Since 2019, the Armenian market for sweeteners has seen a slight annual increase of 0.1%.
