The export of sugar confectionery from India has shown a steady increase from 2013 until 2023. In 2023, the export volume stood at 93.214 million kilograms. The year-on-year growth rate over the past decade has fluctuated, showing notable increases especially in 2014 and 2017, with some slowdowns in growth during other years. The CAGR over the past five years (2019-2023) has been 4.81%, reflecting a moderate and consistent upward trend in exports.
Looking forward, forecasted data from 2024 to 2028 suggests continued growth, albeit at a slightly lower CAGR of 2.48%. By 2028, the export volume is expected to reach 109.12 million kilograms, a growth rate of 13.05% over the five-year period.
Future trends to watch for include potential impacts of global market conditions, shifts in consumer preferences, trade policies, and advancements in confectionery technology, which could influence both the volume and growth rate of India's sugar confectionery exports.
