Analyzing the export volume of sugar confectionery from Brazil from 2013 to 2023 reveals several trends. The period experienced fluctuations with an overall decrease in volume from 66.455 million kilograms in 2013 to 67.023 million kilograms in 2023. Noticeable changes include a significant drop in 2020 (-17.54% YoY) followed by a recovery in 2021 (+19.71% YoY). The past two years showed slight declines of 0.63% and 0.62%, respectively. The five-year compound annual growth rate (CAGR) stands at -0.81%.
Forecasts from 2024 to 2028 suggest a gradual decrease in the export volume, with the CAGR for this period projected at -0.52%. This forecast indicates a continuation of the subtle downward trend observed in recent years, resulting in a 2.6% reduction over five years.
Future trends to watch for include potential impacts of global trade policies, economic factors affecting production costs, and changing consumer preferences towards sugar-free and healthier confectionery alternatives which could influence export volumes. Monitoring these variables will be crucial for accurate market predictions.
