The export of sugar confectionery from South Africa showed a varied trend over the past decade. The value stood at 25.902 million kilograms in 2023, demonstrating a 1.55% year-on-year increase, with a 2.98% CAGR over the past five years. Although fluctuations were noted, the overall trend pointed to moderate growth.
From 2013 to 2023, exports experienced periods of both substantial growth and decline, with notable drops in 2018 and 2020, followed by a recovery. The forecasted data from 2024 to 2028 indicates a consistent upward trend, with the volume anticipated to reach 27.962 million kilograms by 2028, reflecting a 1.21% forecasted 5-year CAGR and a 6.18% 5-year growth rate.
Future trends to watch include changes in global demand for confectionery products, potential new trade agreements, and economic shifts that could affect export volumes. Additionally, monitoring consumer preferences and advancements in production technology will be critical for maintaining and boosting South Africa's position in the global market.
