The sugar consumption at the farm gate in Indonesia has shown notable fluctuations. In 2013, the consumption was 5.87 million metric tons, peaking slightly in 2014 at 5.91 million metric tons. There was a significant drop in 2015 to 2.92 million metric tons. Since 2016, the consumption has remained relatively stable but low, floating around 3.12-3.19 million metric tons, with a minor decrease observed in recent years. In 2023, the consumption stood at 3.16 million metric tons. The year-on-year variation for 2022 and 2023 was -0.18% and -0.17%, respectively. The 5-year CAGR up to 2023 is approximately 0.27%.
Future trends to watch for:
- Continued stability in sugar consumption with minimal variations.
- A forecasted slight decline in consumption, with a 5-year CAGR of -0.14%, indicating a minor negative growth trend.
- Potential impact of policy changes, domestic production adjustments, or shifts in consumer preferences on consumption levels.