Report Update Nov 1, 2024

China - Sugars, Sugar Ethers and Salts - Market Analysis, Forecast, Size, Trends and Insights

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China: Sugars Market 2024

Sugars Market Size in China

In 2021, the Chinese sugars market decreased by -5.4% to $X, falling for the second consecutive year after eight years of growth. The market value increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Sugars consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Sugars Production in China

In value terms, sugars production amounted to $X in 2021 estimated in export price. Overall, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.4% against 2019 indices. The pace of growth was the most pronounced in 2015 with an increase of 19%. Sugars production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Sugars Exports

Exports from China

In 2021, approx. X tons of sugars, sugar ethers and salts were exported from China; surging by 31% compared with 2020 figures. Overall, exports continue to indicate a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sugars exports soared to $X in 2021. In general, exports recorded a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Japan (X tons) and Brazil (X tons) were the main destinations of sugars exports from China, together accounting for 34% of total exports. South Korea, Germany, Spain, Australia, India, Belgium, France, Canada, Taiwan (Chinese) and Turkey lagged somewhat behind, together comprising a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +42.4%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for sugars, sugar ethers and salts exports from China, comprising 24% of total exports. The second position in the ranking was held by India ($X), with a 9.7% share of total exports. It was followed by Japan, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +31.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+47.7% per year) and Japan (-4.6% per year).

Export Prices by Country

The average sugars export price stood at $X per ton in 2021, growing by 10% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.2%. The growth pace was the most rapid in 2018 an increase of 14%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.

Sugars Imports

Imports into China

In 2021, the amount of sugars, sugar ethers and salts imported into China surged to X tons, picking up by 61% against the previous year. Over the period under review, imports recorded a modest expansion. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, sugars imports soared to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Japan (X tons) and South Africa (X tons) were the main suppliers of sugars imports to China, together comprising 98% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +20.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Japan ($X) and the United States ($X) were the largest sugars suppliers to China, with a combined 92% share of total imports.

Germany, with a CAGR of +19.0%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average sugars import price amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the import price continues to indicate a mild curtailment. The pace of growth appeared the most rapid in 2018 an increase of 3.7%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sugars, sugar ethers and salts in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 41% share of global consumption. These countries were followed by Japan, Brazil, Spain, Germany, Switzerland, Indonesia, Poland, Russia, the Philippines and South Korea, which together accounted for a further 29%.

What are the largest producers of sugars, sugar ethers and salts in the world?

The countries with the highest volumes of in 2021 were China, Germany and the United States, together accounting for 49% of global production. Thailand, India, Indonesia, France, Austria, Brazil, South Africa, the Philippines and the UK lagged somewhat behind, together comprising a further 39%.

What are the leading suppliers of sugars, sugar ethers and salts to China?

In value terms, Germany, Japan and the United States constituted the largest sugars suppliers to China, together accounting for 88% of total imports. South Africa and South Korea lagged somewhat behind, together accounting for a further 12%.

What are the leading importers of sugars, sugar ethers and salts from China?

In value terms, the United States remains the key foreign market for sugars exports from China, comprising 22% of total exports. The second position in the ranking was occupied by Japan, with an 11% share of total exports. It was followed by India, with an 8.7% share.

What is the average export price for sugars, sugar ethers and salts in China?

The average sugars export price stood at $1,888 per ton in 2021, falling by -38.1% against the previous year.

What is the average import price for sugars, sugar ethers and salts in China?

In 2021, the average sugars import price amounted to $2,306 per ton, stabilizing at the previous year.

This report provides an in-depth analysis of the sugars 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 21104000 - Sugars, pure (excluding glucose, etc.), sugar ethers and salts, etc.

Country coverage:

China

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023