China: Sugar Cane Market 2024

Sugar Cane Market Size in China

The Chinese sugar cane market rose to $X in 2022, picking up by X% against the previous year. In general, the total consumption indicated a tangible increase 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. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Sugar Cane Production in China

In value terms, sugar cane production expanded modestly to $X in 2022 estimated in export price. In general, production, however, showed a moderate increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. Sugar cane production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

In 2022, the average yield of sugar cane in China dropped rapidly to X tons per ha, which is down by X% against 2021 figures. 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 most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the yield attained the peak level of X tons per ha, and then contracted dramatically 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, approx. X ha of sugar cane were harvested in China; surging by X% compared with the previous year. In general, the harvested area, however, saw a perceptible decline. Over the period under review, the harvested area dedicated to sugar cane production reached the peak figure at X ha in 2013; however, from 2014 to 2022, the harvested area remained at a lower figure.

Sugar Cane Exports

Exports from China

In 2022, approx. X tons of sugar cane were exported from China; falling by X% against 2021 figures. Overall, exports showed a deep slump. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, sugar cane exports shrank markedly to $X in 2022. In general, exports showed a deep contraction. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Macao SAR (X tons) was the main destination for sugar cane exports from China, with a X% share of total exports. Moreover, sugar cane exports to Macao SAR exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), threefold. The third position in this ranking was taken by Malaysia (X tons), with an X% share.

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

In value terms, the largest markets for sugar cane exported from China were Malaysia ($X), Macao SAR ($X) and Hong Kong SAR ($X), with a combined X% share of total exports.

Malaysia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average sugar cane export price stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price, however, posted a resilient increase. The growth pace was the most rapid in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Hong Kong SAR ($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 Cane Imports

Imports into China

In 2022, purchases abroad of sugar cane increased by X% to X tons, rising for the sixth year in a row after two years of decline. In general, imports recorded resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, sugar cane imports surged to $X in 2022. Over the period under review, imports saw a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

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

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of X%).

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

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

Import Prices by Country

The average sugar cane import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 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 ($X per ton), while the price for Lao People's Democratic Republic amounted to $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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