Based on the provided forecast data, the import of sugar confectionery to Spain is expected to rise steadily from $184.37 million in 2024 to $195.53 million by 2028. Compared to the actual data from 2023, which stood at $180.91 million, the year-on-year percentage increase is approximately 1.9% from 2023 to 2024. The 5-year CAGR estimates an average annual growth rate of roughly 1.9% from 2024-2028.
Future trends to watch for:
- Potential impact of trade policies and tariffs on import costs and prices.
- Shifts in consumer preferences towards healthier alternatives affecting demand.
- Fluctuations in global sugar prices influencing import volumes and values.
