The Raw Sugar Equivalent market in Australia stood at 894 thousand metric tons in 2023. Year-on-year variation for 2023 was 0.22%, and the Compound Annual Growth Rate (CAGR) over the last five years was 0.16%. Over the period from 2014 to 2023, the market showed fluctuations with a significant increase in 2017 (2.82%) followed by moderate growth and slight declines in certain years. From 2024 to 2028, the forecast indicates a stable growth pattern with a forecasted five-year CAGR of 0.2% leading to a 1% total growth during this period.
Future trends to watch for include potential shifts in consumer preferences towards alternative sweeteners, regulatory changes impacting sugar production, and global market fluctuations that could affect export-import dynamics for Australian sugar.
