Refined sugar production levels in Indonesia have shown a varied trajectory from 2013 to 2023. The production in 2023 stood at 2.63 million metric tons, marking a modest 0.74% year-on-year increase from 2022. Over the past two years, the production has been relatively stable with less than 1% variation annually. The compound annual growth rate (CAGR) for the past five years up to 2023 is 3.87%, indicating a consistent annual growth rate in this period. However, looking forward, the forecasted CAGR for the next five years is 0.56%, suggesting a slower growth trajectory.
Future trends to watch for include potential influences of government policies on sugar import and export, the adoption of new agricultural technologies, climate change effects on crop yields, and shifts in global sugar market dynamics. Additionally, domestic consumption patterns and health trends promoting reduced sugar intake could also impact the demand and production levels.
