Analysis of Spain's raw sugar equivalent processing reveals significant fluctuations over the past decade. The period from 2014 to 2017 saw a decline, hitting a low in 2017 before a sharp increase in 2018. The years from 2019 to 2023 depict steady growth, reaching 41 thousand metric tons in 2023. Over the last two years, the year-on-year variation hovered around 2.5%. The compound annual growth rate (CAGR) for the last five years is -0.48%, reflecting both the drastic increase in 2018 and subsequent steadier growth.
Future trends to watch for include a forecasted 0.93% CAGR from 2024 to 2028, indicating a modest but steady growth pattern with an overall forecasted growth rate of 4.76% over five years. This suggests a stabilization in production with potential for gradual increases driven by market conditions and demand.
