The Oceania sweeteners export volume experienced varied trends from 2014 to 2023. After a sharp increase of 20.31% in 2015 and 12.52% in 2016, the volume decreased by 7.8% in 2017 and 5.03% in 2018, rebounding in recent years with gradual growth. In 2023, the volume stood at 4.26 million metric tons, reflecting a year-on-year increase of 1.04%. Over the last five years, the compound annual growth rate (CAGR) averaged 1.66%. Moving forward, the forecasted CAGR from 2024 to 2028 is 0.83%, with a total forecast growth rate of 4.2% by 2028.
Future trends to watch for:
- Technological advancements in sweetener production.
- Changes in global trade policies impacting export dynamics.
- Increased health consciousness and potential shifts in consumer preferences towards alternative sweeteners.