The forecast for centrifugal sugar supply in the US from 2024 to 2028 indicates a gradual increase, starting at 13.09 million metric tons in 2024. The year-on-year growth rate is approximately 0.45%, showing a consistent upward trend. This forecast follows the actual supply of 13.02 million metric tons recorded in 2023, reflecting a steady rise over the years. The compound annual growth rate (CAGR) for the period of 2024 to 2028 is around 0.45%, suggesting slow but stable growth in sugar supply.
Future trends to watch for:
- Impact of shifting consumer preferences towards alternative sweeteners.
- Changes in trade policies affecting sugar imports and exports.
- Technological advancements in sugar production efficiency.
- Environmental policies targeting agricultural practices and their influence on sugar crop yield.
