China - Glucose And Glucose Syrup - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGlucose Prices in China
China Glucose Export Price in September 2022
In September 2022, the glucose price amounted to $625 per ton (FOB, China), shrinking by -3% against the previous month. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2022 when the average export price increased by 0.7% against the previous month. Over the period under review, the average export prices hit record highs at $672 per ton in January 2022; however, from February 2022 to September 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In September 2022, the highest price was recorded for prices to Mexico ($710 per ton) and Brazil ($691 per ton), while the average price for exports to South Africa ($541 per ton) and Malaysia ($545 per ton) were amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+0.6%), while the prices for the other major destinations experienced more modest paces of growth.
China Glucose Exports
Glucose exports from China dropped to 53K tons in September 2022, waning by -10% on the previous month. In general, exports saw a noticeable decrease. The pace of growth was the most pronounced in March 2022 when exports increased by 38% against the previous month. The exports peaked at 85K tons in May 2022; however, from June 2022 to September 2022, the exports stood at a somewhat lower figure.
In value terms, glucose exports reduced to $33M (IndexBox estimates) in September 2022. Overall, exports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in March 2022 with an increase of 36% against the previous month. Over the period under review, the exports attained the peak figure at 56K tons in May 2022; however, from June 2022 to September 2022, the exports stood at a somewhat lower figure.
China Glucose Exports by Country
The Philippines (16K tons) was the main destination for glucose exports from China, accounting for a 29% share of total exports. Moreover, glucose exports to the Philippines exceeded the volume sent to the second major destination, Indonesia (4.6K tons), threefold. Thailand (3.9K tons) ranked third in terms of total exports with a 7.3% share.
From January 2022 to September 2022, the average monthly growth rate of volume to the Philippines amounted to +4.9%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Indonesia (-5.7% per month) and Thailand (-1.3% per month).
In value terms, the Philippines ($9.3M) remains the key foreign market for glucose exports from China, comprising 28% of total exports. The second position in the ranking was held by Indonesia ($2.8M), with an 8.4% share of total exports. It was followed by Thailand, with a 6.6% share.
From January 2022 to September 2022, the average monthly growth rate of value to the Philippines amounted to +3.7%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Indonesia (-6.4% per month) and Thailand (-3.1% per month).
This report provides an in-depth analysis of the glucose market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10621310 - Glucose and glucose syrup (excluding with added flavouring or colouring matter)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- Production Volume and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
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In August 2024, the Glucose price reached $541 per ton (FOB, China), increasing by 3.8% compared to the previous month.
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In August 2022, the glucose price per ton amounted to $644.8 (FOB, China), remaining stable against the previous month.
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The growth rate of Fructose imports peaked in March 2023 with an impressive 86% increase compared to the previous month. However, by December 2023, the value of fructose imports had decreased to $74M.
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Lactose imports hit a peak in 2023 and are projected to continue growing in the future, although in 2023, the value of imports slightly decreased to $202M.
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The imports of Lactose reached a value of $23M in June 2023.
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The February 2023 caramel price was set at $821 per ton (FOB, China), remaining similar to the price of the previous month.
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Last year, China recorded a sharp rise in caramel imports. The supplies into China grew from $80M in 2019 to $408M in 2020, or from 167K tons to 1.1M tons in physical terms. Thailand, Vietnam and Myanmar remain the largest caramel suppliers, comprising 82% of Chinese imports.These three countries provided most of the increment in Chinese imports in 2020. The average caramel import price dropped by -21% y-o-y to $378 per ton in 2020.
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Global imports of fructose and fructose syrup rose by +8.6% y-o-y to 4M tons in 2020. China has extraordinarily increased fructose purchases sixfold, driving out the leading importer, Mexico, from the first to the second place in the global import ranking. Thailand, Vietnam and Myanmar remain the key suppliers of fructose to China. Outside these countries, Indonesia saw the highest growth rate in terms of supplies to China.
