In 2023, the import volume of flavoured or coloured refined sugar in solid form to the US was higher than any of the forecasted values. From 2024 onwards, we see a significant and consistent decline each year, dropping from 3.8091 million kilograms in 2024 to just 0.10262 million kilograms in 2028. Year-on-year variations indicate a sharp decline, with the largest decrease expected between 2027 and 2028. Analyzing the compound annual growth rate (CAGR) from 2024 to 2028 makes evident the accelerated downturn in imports.
Future trends to watch for include:
- Potential shifts in consumer preferences, possibly toward natural and less processed sugars, impacting import volumes.
- Changes in domestic production capabilities or tariffs that could influence import needs.
- Regulatory adjustments regarding food additives and sugar contents that may affect demand.