Sugar consumption at the farm gate in Brazil exhibited fluctuations between 2013 and 2023, with a notable dip in 2020 followed by a recovery in subsequent years. The actual consumption in 2023 stood at 484.79 million metric tons. Year-on-year variation showed a decline in several years, particularly in 2016 and 2020, but a consistent rebound occurred from 2021 onwards. Over the last five years leading up to 2023, the compound annual growth rate (CAGR) was 0.52%, indicating modest growth despite short-term volatility.
Forecasts from 2024 to 2028 suggest a steady increase, with an expected CAGR of 0.87% and a 5-year growth rate of 4.41%.
Future trends to watch for include:
- Changes in agricultural policies and subsidies that might impact sugar production costs
- Shifts in global sugar demand and export incentives
- Technological advancements in sugar cane farming and processing
- Environmental regulations affecting sugar cane cultivation areas
- Consumer preference changes toward healthier alternatives
