Over the last decade, the solid refined white sugar market volume in Germany exhibited some fluctuations. From 2013 to 2023, notable variations were observed, with a few years showing pronounced increases and decreases. Particularly, the market saw a significant 17.12% decrease in 2013, while 2017 experienced a 9.67% increase. However, the general trend pointed towards a slight decline. In 2023, the market stood at 2.8088 billion kilograms, declining by 1.93% year-on-year from 2022.
When analyzing the recent trends from 2019 to 2023, there was a gentle downward movement with year-on-year variations, averaging a Compound Annual Growth Rate (CAGR) of approximately -2.23%. Looking further back over a five-year period, the average annual change also indicated a consistent decline.
Looking into the future, the market is forecasted to continue its downward trajectory. From 2024 to 2028, the market volume is expected to decline at an average CAGR of -1.6%. Observers should note a forecasted overall reduction of 7.73% over this period. Potential factors influencing this trend include shifts in consumer preferences towards healthier alternatives, regulatory changes, and evolving sugar usage in food and beverage industries.
