The export of sugar confectionery from the US has shown a general upward trend from 2013 to 2023. The actual data indicates that the value stood at 177.99 million kilograms in 2023. Year-on-year variations and CAGR during these years suggest a steady growth trend. From 2022 to 2023, the export volume saw a 2.01% increase, showcasing continued demand and export strength. Notable years of higher growth include 2014 and 2021, with 3.88% and 4.23% respectively. The 5-year CAGR leading up to 2023 averaged at 2.05%.
Looking ahead, the forecasted data from 2024 to 2028 projects a moderate growth rate. By 2028, the export volume is expected to reach 194.71 million kilograms, representing a 5-year CAGR of 1.4%. The total forecasted growth over these five years is 7.18%.
Future trends to watch for include:
- Potential market disruptions or accelerations in demand due to global economic conditions.
- Innovation in sugar confectionery products that might drive higher export volumes.
- Trade policies and agreements affecting export capabilities and competitive pricing.
