Sugar confectionery exports from India to the US have shown notable fluctuations. Beginning in 2013, the trend showed slow initial growth with significant variation in between, such as a peak in 2016 followed by a decline in 2018. By 2019, there was a strong recovery with continued growth peaking in 2023 at 1390 metric tons.
Key Trends (Year-on-Year):
• 2016: +30.48%
• 2018: -16.91%
• 2019: +29.27%
Over the past two years, the increase was modest at about 2.33% and 2.20%. The 5-year CAGR stood at 5.48%, illustrating moderate annual growth. Future projections forecast a continued but tapering growth, with a 5-year CAGR of 1.58% and an 8.16% cumulative growth rate by 2028. In 2023, the volume of exports was 1390 metric tons.
Future Trends to Watch:
- Market demand fluctuations and possible trade policies
- Improved production techniques and new market entries
- Changing consumer preferences in the US for sugar confectionery products
