Forecast: Sugar Cane Market Size Volume in Africa

The sugar cane market in Africa saw fluctuations between 2014 and 2023, peaking at 7.74 million metric tons in 2016 before declining by 33.41% in 2017. The market stabilized from 2018 to 2023, with minor annual declines, decreasing by approximately 0.19% year-on-year in 2023, reaching 5.64 million metric tons. The Compound Annual Growth Rate (CAGR) was 0.039% over the last five years, indicating a relatively flat market. Future forecasts to 2028 predict a slight decline with a CAGR of -0.16%, suggesting the volume may reduce to about 5.58 million metric tons.

Future trends to watch for:

  • The impact of climate change on crop yields and quality.
  • Technological advancements in agricultural practices.
  • Market shifts due to policy changes, sustainability efforts, and trade regulations.
  • Consumer demand trends and their influence on production scales.

Top Countries about Sugarcane