China: Sugar Crop Market 2024

Sugar Crop Market Size in China

The Chinese sugar crop market stood at $X in 2022, surging 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. Overall, the total production indicated a pronounced 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level 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 contracted to X tons per ha, with a decrease of X% compared with 2021. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X tons per ha, and then declined 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 sugar crop harvested area in China rose sharply to X ha, surging by X% compared with the year before. Over the period under review, the harvested area, however, continues to indicate a pronounced descent. 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, the amount of sugar crops exported from China reduced notably to X tons, declining by X% on 2021 figures. Overall, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, sugar crop exports reduced remarkably to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a 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 growth rate of value to Russia totaled 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

The average sugar crop export price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price recorded a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign 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, purchases abroad of sugar crops increased by X% to X tons, rising for the sixth year in a row after two years of decline. In general, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, sugar crop imports soared to $X in 2022. Overall, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

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) were the largest sugar crop suppliers to China.

Myanmar, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2022, the average sugar crop import price amounted to $X per ton, approximately equating the previous year. Overall, 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%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a 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 stood at $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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