The production of centrifugal raw sugar in the US has seen varied trends from 2013 to 2023. In 2023, it stood at 8.7786 million metric tons. Over the years, production demonstrated fluctuations with notable declines in 2014 and 2015 but rebounded in subsequent years, showing gradual increases. From 2018 to 2023, production slightly increased, with the year-on-year variation showing minor growths and declines, culminating in a 0.78% increase in 2023.
Looking at future trends, the forecasts suggest a steady incline in production volumes, reaching 9.1344 million metric tons by 2028. The forecasted 5-year CAGR is consistent at 0.63%, projecting an overall growth rate of 3.17% over this period.
- US centrifugal raw sugar production in 2023: 8.7786 million metric tons.
- Fluctuating trends from 2013 to 2023 with a general upward movement since 2018.
- Future growth forecasted with steady annual increments leading to 9.1344 million metric tons by 2028.
- 5-year forecast CAGR: 0.63% with an overall 5-year growth rate of 3.17%.
Future trends to watch for include potential impacts of climate change on agricultural yields, advancements in sugar production technology, and market demand fluctuations driven by health trends and alternative sweetener markets.
