Between 2014 and 2023, Brazil's sweeteners production showed significant volatility. There was a marked decline in 2015 followed by a notable rebound in 2016. Production hit a low in 2018 before experiencing moderate fluctuations. By 2023, production stood at 31.85 million metric tons, indicating a -1.29% year-on-year decrease. The Compound Annual Growth Rate (CAGR) over the past five years is 0.55%.
Looking ahead, the forecast for 2024 onwards predicts a gradual decline in production with a five-year CAGR of -1.12% and an overall decrease of 5.47% by 2028.
Future trends to watch for:
- Environmental regulations impacting agricultural practices.
- Technological advancements in production efficiency.
- Changes in global market demand and trade policies.
- Potential impacts of climate change on crop yields.
