In 2023, the sugar production value in Germany stood at 2.19 billion Euros. Looking at the forecasted data from 2024 to 2028, we observe a consistent decline in production value. The forecasted values are 2.16 billion Euros in 2024, 2.13 billion Euros in 2025, 2.09 billion Euros in 2026, 2.06 billion Euros in 2027, and 2.03 billion Euros in 2028.
Year-on-year variations indicate the following changes:
- -1.37% decrease from 2024 to 2025
- -1.88% decrease from 2025 to 2026
- -1.44% decrease from 2026 to 2027
- -1.46% decrease from 2027 to 2028
The Compound Annual Growth Rate (CAGR) for the period from 2024 to 2028 is approximately -1.53%, signaling a steady decline in sugar production value over these years.
Future trends to watch for include potential shifts in agricultural policies, fluctuations in global sugar prices, and changes in consumer demand towards healthier sweeteners. Sustainable practices and technological advancements in cultivation and production may also play critical roles in shaping the industry's outlook.
