The forecast for Canada's refined sugar export shows a steady upward trend from 2024 to 2028. The values are projected to increase from 697.13 thousand metric tons in 2024 to 742.95 thousand metric tons in 2028. When compared to the recorded value of 683.25 thousand metric tons in 2023, this forecast indicates positive growth in the refined sugar export sector.
Year-on-year percentage growth analysis is as follows:
- 2024: +2.04% from the year 2023
- 2025: +1.67% from the year 2024
- 2026: +1.62% from the year 2025
- 2027: +1.58% from the year 2026
- 2028: +1.54% from the year 2027
The compound annual growth rate (CAGR) over this five-year forecast period is 1.69%, indicating stable and consistent growth in refined sugar exports.
Future trends to watch for include potential impacts from global trade policies, changes in international demand for refined sugar, and advancements in sugar production technologies that could influence export volumes.
