The centrifugal sugar supply in Canada stood at 1.78 million metric tons in 2023. The forecasts for the coming years show a slight but consistent uptick. Specifically, the supply is projected to be 1.79 million metric tons in 2024, 1.8 million metric tons in 2025, 1.81 million metric tons in 2026, 1.82 million metric tons in 2027 and 1.83 million metric tons in 2028.
Year-on-year (YoY) supply increases are minimal but steady:
• 2023-2024: ~0.56%
• 2024-2025: ~0.56%
• 2025-2026: ~0.56%
• 2026-2027: ~0.55%
• 2027-2028: ~0.55%
The average Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is approximately 0.56%, indicative of a stable yet slow growth trend in the centrifugal sugar supply in Canada.
Future trends to watch for include fluctuations in global sugar prices, changes in domestic agricultural policies, and advancements in sugar production technology. Additionally, evolving consumer preferences towards low-sugar or alternative sweeteners may impact long-term demand forecasts.
