China - Sugar Crop - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSugar Crop Price in China - 2023
Contents:
- Sugar Crop Price in China (CIF) - 2022
- Sugar Crop Price in China (FOB) - 2022
- Sugar Crop Imports in China
- Sugar Crop Exports in China
Sugar Crop Price in China (CIF) - 2022
In 2022, the average sugar crop import price amounted to $54 per ton, shrinking by -2.4% against the previous year. Overall, the import price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2018 an increase of 4.4% against the previous year. The import price peaked at $69 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Myanmar ($57 per ton), while the price for Lao People's Democratic Republic amounted to $52 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+5.0%).
Sugar Crop Price in China (FOB) - 2022
The average sugar crop export price stood at $902 per ton in 2022, rising by 38% against the previous year. In general, the export price enjoyed prominent 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 ($3,238 per ton), while the average price for exports to Hong Kong SAR ($182 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 (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.
Sugar Crop Imports in China
In 2022, the amount of sugar crops imported into China surged to 2.4M tons, jumping by 23% against the previous year. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +19.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.2% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, sugar crop imports surged to $130M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +16.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Sugar Crop in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 0.2 | 53.4 | 39.3 | 66.6 | 593.1% |
| Lao People's Democratic Republic | 81.7 | 43.2 | 68.2 | 63.1 | -8.3% |
| Others | 1.1 | 0.5 | 0.5 | 0.1 | -55.0% |
| Total | 83.0 | 97.1 | 108 | 130 | 16.1% |
Top Suppliers of Sugar Crop to China in 2022:
- Lao People's Democratic Republic (1224.3K tons)
- Myanmar (1169.4K tons)
Sugar Crop Exports in China
In 2022, exports of sugar crops from China reduced markedly to 1.4K tons, with a decrease of -61% on 2021. Over the period under review, exports faced a sharp curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 164% against the previous year. As a result, the exports reached the peak of 3.7K tons, and then contracted sharply in the following year.
In value terms, sugar crop exports reduced dramatically to $1.3M in 2022. Overall, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 231%. As a result, the exports attained the peak of $2.4M, and then dropped remarkably in the following year.
| Export of Sugar Crop in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 1,017 | 322 | 1,859 | 863 | -5.3% |
| Malaysia | 116 | 130 | 204 | 137 | 5.7% |
| Macao SAR | 121 | 51.8 | 90.6 | 94.8 | -7.8% |
| United States | 47.5 | 65.6 | 69.0 | 71.2 | 14.4% |
| Hong Kong SAR | 85.7 | 22.3 | 26.6 | 22.9 | -35.6% |
| Canada | 64.5 | 77.8 | 68.4 | 13.6 | -40.5% |
| Others | 83.8 | 56.6 | 89.2 | 91.1 | 2.8% |
| Total | 1,535 | 726 | 2,407 | 1,294 | -5.5% |
Top Export Markets for Sugar Crop from China in 2022:
- Russia (828.6 tons)
- Macao SAR (358.9 tons)
- Hong Kong SAR (126.2 tons)
- Malaysia (60.0 tons)
- United States (22.0 tons)
- Canada (10.0 tons)
This report provides an in-depth analysis of the sugar crop 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:
- FCL 161 - Sugar crops nes
- FCL 156 - Sugar cane
- FCL 459 - Chicory roots
- FCL 157 - Sugar beet
- FCL 461 - Carobs
- FCL 460 - Vegetable products, fresh or dry nes
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- 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, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield 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, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
240
This report provides an in-depth analysis of the sugar crop market in China.
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Global chicory consumption amounted to X thousand tons in 2015, dropping by -X% against the previous year level.
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