The production of centrifugal raw sugar in Denmark has shown significant fluctuations over the past decade. In 2013, production stood at 420 thousand metric tons, rising to a peak of 518 thousand metric tons in 2014 before decreasing to 337 thousand metric tons in 2015. The following years experienced a relative stabilization, with production fluctuating between 365 and 435 thousand metric tons from 2016 to 2023. As of 2023, the production levels settled at 370.24 thousand metric tons, marking a slight decline compared to the previous year.
Year-on-year variations over the most recent period (2019-2023) indicate:- A small downward trend of 1.24% in 2023 following a 1.25% decrease in 2022.- The five-year CAGR shows an average annual decline of 0.62% from 2018 to 2023.
Looking ahead to the forecasted period from 2024 to 2028:- Production is expected to continue its downward trend, reaching 345.87 thousand metric tons in 2028.- The five-year CAGR is projected to be -1.08%, implying an overall decline of 5.27% over this period.
Future trends to watch for include advancements in sugar production technology, changes in global sugar demand, and potential impacts of climate change on agricultural yields. Monitoring these factors will be crucial for understanding the long-term outlook for Denmark's centrifugal raw sugar production.
