In 2023, Germany's import of cane or beet sugar and chemically pure sucrose stood at an estimated value higher than our forecast figures for 2024, indicating a declining trend. The forecast from 2024 to 2028 shows a consistent year-on-year decline in import value: 311.37 million USD in 2024 decreasing to 275.89 million USD by 2028. This represents a clear downward trajectory with significant contraction projected over five years.
Future trends to watch for include:
- Shifts in domestic sugar production and policies affecting sugar trade.
- Potential impacts of changes in the global sugar market and trade agreements.
- Innovations in sugar alternatives possibly reducing demand for imported sugar.
