In Western Europe, sugar cane processing experienced volatility from 2014 to 2023. The highest volume was observed in 2017, with 2.02 million metric tons, while the lowest was 1.0 million metric tons in 2018. Despite fluctuating year-on-year changes, the most recent data shows a marginal but consistent decline, with a year-on-year variation of -1.95% in 2023. The CAGR over the last five years up until 2023 averages to 2.98%, suggesting a slight overall growth in spite of significant annual variations.
For future trends, expect a continued gradual decline in sugar cane processing volumes with a forecasted average annual decrease (CAGR) of -1.76% through 2028, cumulatively declining by 8.47% over the five-year forecast period. Watch for impacts from global trade policies, climate change affecting crop yield, and shifts in consumer preferences towards healthier sugar alternatives, which could further influence industry dynamics.
