Centrifugal raw sugar production in North America stood at 8.926 million metric tons in 2023. Over the last two years, the industry saw modest year-on-year increases, with 0.82% in 2022 and 0.79% in 2023. Over the past five years, the compound annual growth rate (CAGR) averaged 0.65%.
Looking ahead, the forecasted production is set to rise gradually, with a 2028 estimated value of 9.2938 million metric tons. This forecast implies an average yearly growth rate (CAGR) of 0.64% over the next five years, leading to an overall growth rate of approximately 3.23% by 2028.
Future trends to watch for could include fluctuations in global sugar prices, potential technological advancements in sugar production, and regulatory changes impacting sugar exports and imports in North America.
