China: Sugar Crop Market 2024

Sugar Crop Market Size in China

The Chinese sugar crop market rose slightly to $X in 2022, picking up by X% against the previous year. Over the period under review, the total consumption indicated modest growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Sugar crop consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Sugar Crop Production in China

In value terms, sugar crop production reached $X in 2022 estimated in export price. In general, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Sugar crop production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

In 2022, the average yield of sugar crops in China reduced modestly to X tons per ha, falling by X% on the previous year. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha, and then contracted slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of sugar crops in China amounted to X ha, growing by X% on the previous year. Over the period under review, the harvested area, however, saw a noticeable decrease. The sugar crop harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Sugar Crop Exports

Exports from China

In 2022, sugar crop exports from China shrank dramatically to X tons, declining by X% on the year before. In general, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, sugar crop exports declined remarkably to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for sugar crop exports from China, accounting for a X% share of total exports. Moreover, sugar crop exports to Russia exceeded the volume sent to the second major destination, Macao SAR (X tons), twofold. Hong Kong SAR (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (X% per year) and Hong Kong SAR (X% per year).

In value terms, Russia ($X) remains the key foreign market for sugar crops exports from China, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with an X% share of total exports. It was followed by Macao SAR, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Macao SAR (X% per year).

Export Prices by Country

In 2022, the average sugar crop export price amounted to $X per ton, jumping by X% against the previous year. Overall, the export price saw strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar Crop Imports

Imports into China

In 2022, supplies from abroad of sugar crops increased by X% to X tons, rising for the sixth year in a row after two years of decline. Over the period under review, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, sugar crop imports surged to $X in 2022. In general, imports enjoyed strong growth. The pace of growth was the most pronounced in 2018 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Lao People's Democratic Republic (X tons) and Myanmar (X tons) were the main suppliers of sugar crop imports to China.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Myanmar (with a CAGR of X%).

In value terms, Myanmar ($X) and Lao People's Democratic Republic ($X) appeared to be the largest sugar crop suppliers to China.

Myanmar, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average sugar crop import price stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Myanmar ($X per ton), while the price for Lao People's Democratic Republic totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (X%).

Source: IndexBox Platform

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