In 2023, Brazil exported 18.93 thousand metric tons of sugar confectionery to the US. The data reflects a steady increase from 2018 to 2023 after a period of fluctuations between 2013 and 2017. From 2019 to 2022, the year-on-year variations have been minimal, indicating a stabilization in export volumes. Notably, the compound annual growth rate (CAGR) over the past five years (2018-2023) stands at 5.32%, pointing to a healthy growth trajectory. Future projections for 2024 to 2028 exhibit a modest average annual growth rate of 0.16%, suggesting that export volumes are expected to plateau slightly.
Future trends to watch for:
• Potential changes in US demand for sugar confectionery could impact export volumes.
• Trade policies and tariffs between Brazil and the US may alter the export dynamics.
• Emerging health trends and preferences for healthier snacks could affect the consumption patterns of sugar confectionery in the US market.
