In 2023, actual sugar beet demand in Spain stood at 2.47 million metric tons. The forecasted data indicates a consistent year-on-year decline in demand:
- 2024: 2.37 million metric tons (a decrease of 4.05% from 2023)
- 2025: 2.27 million metric tons (a decrease of 4.22% from 2024)
- 2026: 2.17 million metric tons (a decrease of 4.41% from 2025)
- 2027: 2.08 million metric tons (a decrease of 4.15% from 2026)
- 2028: 1.98 million metric tons (a decrease of 4.81% from 2027)
The average annual variation over the last five years (CAGR) is -4.33%, indicating a steady decline in demand.
Future trends to watch for include potential shifts in consumer preferences toward alternative sweeteners, regulatory changes impacting sugar production, and advancements in agricultural technology that might impact crop yields and sugar beet demand.
