The forecasted raw sugar equivalent stock in the US demonstrates a consistent year-on-year increase from 2024 to 2028, starting at 916 thousand metric tons in 2024 and reaching 1010 thousand metric tons by 2028. The stocks rise by approximately 2.5% annually, reflecting a steady growth trend.
In 2023, the value stood at 892 thousand metric tons. The Compound Annual Growth Rate (CAGR) over the forecast period (2024-2028) is approximately 2.5%, indicating a stable upward trend.
Future trends to watch for include:
- Potential impacts of climate change on sugar production affecting stock levels.
- Shifts in consumer preferences towards alternative sweeteners.
- Trade policies influencing import/export volumes.
- Technological advancements in sugar production and storage.
