The forecast for centrifugal raw sugar imports into the US from 2024 through 2028 indicates a steady decline from 1.93 million metric tons in 2024 to 1.89 million metric tons in 2028. The gradual reduction reflects a year-on-year decrease rate of approximately 0.5%. The compound annual growth rate (CAGR) over these five years is expected to be negative, emphasizing a consistent trend of slight decline after standing at 1.93 million metric tons in 2023.
Future trends to watch for:
- Potential shifts in trade policy or tariffs influencing import levels.
- Innovation in sugar alternatives possibly reducing demand.
- Fluctuations in global sugar prices affecting import decisions.
