The centrifugal raw sugar production in Brazil has shown significant volatility. Production decreased from 39.494 million metric tons in 2013 to 28.417 million metric tons forecasted for 2028. Between 2013 and 2023, production fluctuated, with notable drops in 2014, 2015, and 2018, followed by a minor recovery and stabilization around 30 million metric tons in the 2020s. The latest data indicates a production of 29.749 million metric tons in 2023, with a slight decrease forecasted for the following years.
The year-on-year variations highlight these fluctuations:
- 2013: -1.8%
- 2014: -5.52%
- 2015: -5.68%
- 2016: 15.17%
- 2017: -9.35%
- 2018: -23.8%
- 2019: 10%
- 2020: -5.84%
- 2021: 4.35%
- 2022: -0.86%
- 2023: -0.85%
The CAGR from 2018 to 2023 was -0.72%, reflecting a steady decline, while a predicted 5-year CAGR for the future remains negative at -0.72%, indicating continued contraction.
Future Trends to Watch For:
- Changes in global sugar demand and prices
- Impacts of climate change on Brazilian agriculture
- Government policies and support for the sugar industry
- Advancements in agricultural technology and practices
- Effects of competing crops and alternative uses of land
