The sugar market in Portugal experienced a consistent decline from 2013, with a volume of 797.51 million kilograms, to 2023, where it stood at 508.07 million kilograms. Over the years, the market exhibited an average annual shrinkage, with the latest five-year compound annual growth rate (CAGR) calculated at -2.43%. The market's decline accelerated in the last two years, showing a -2.88% year-on-year decrease by 2023.
Future trends to watch for in the Portuguese sugar market include:
- Potential regulatory changes promoting health initiatives to reduce sugar consumption.
- Increasing consumer preference for sugar alternatives which may further impact demand.
- Technological innovations in sugar production to improve efficiency and reduce costs.
How does Portugal rank in Sugar Market Size Volume?
| # | 9 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 5,807,500,000 | 2023 | -0.34% | -1.29% | View data |
| 2 | 2 Italy | 2,542,000,000 | 2023 | -1.43% | -0.19% | View data |
| 3 | 3 Belgium | 2,027,200,000 | 2023 | +1.33% | +2.29% | View data |
| 4 | 4 United Kingdom | 1,375,400,000 | 2023 | -0.79% | -0.94% | View data |
| 5 | 5 Denmark | 793,110,000 | 2023 | +1.74% | +0.94% | View data |
| 6 | 6 Portugal | 508,070,000 | 2023 | -2.88% | -2.43% | |
| 7 | 7 Greece | 359,560,000 | 2023 | -0.41% | +0.31% | View data |
| 8 | 8 Slovenia | 70,510,000 | 2023 | -1.26% | +1.12% | View data |
