The data on centrifugal raw sugar production in Spain reveals a significant decline from 2013 to 2023. The production stood at 386,280 metric tons in 2023, reflecting a long-term downward trend. Year-on-year variations show notable fluctuations, such as a sharp decline of -39.59% in 2013, a peak increase of 99.23% in 2014, and a consistent decline in recent years with a -4.74% for 2023. The compound annual growth rate (CAGR) over the last five years leading to 2023 averages at -3.43%, indicating a persistent downward trend over time.
Future forecasts project further contraction in production, with an average annual decline (CAGR) of -4.77% anticipated through 2028. By 2028, production is expected to drop to approximately 285,970 metric tons, marking a 21.69% reduction from 2023 levels.
- The longer-term trend is a steady decline in production.
- Year-to-year variations highlight volatility, with occasional slight rebounds in subsequent years.
Future trends to watch for include potential impacts of climate change on agricultural yields, policy changes affecting sugar production, and shifts in global market demand. Monitoring these factors could be crucial for anticipating future developments in Spain’s raw sugar production industry.
