China: Sugar Market 2022

Sugar Exports

Exports from China

In 2020, the amount of sugar exported from China soared to X tonnes, increasing by X% against the year before. Over the period under review, exports enjoyed a mild increase. The exports peaked at X tonnes in 2012; however, from 2013 to 2020, the exports failed to regain momentum.

In value terms, sugar exports surged to $X in 2020. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by X% year-to-year. The exports peaked at $X in 2012; however, from 2013 to 2020, the exports failed to regain momentum.

Exports by Country

Democratic People's Republic of Korea (X tonnes) was the main destination for sugar exports from China, with a X% share of total exports. Moreover, sugar exports to Democratic People's Republic of Korea exceeded the volume sent to the second major destination, Japan (X tonnes), threefold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Democratic People's Republic of Korea stood at +X%.

In value terms, Democratic People's Republic of Korea ($X) and Japan ($X) appeared to be the largest markets for sugar exported from China worldwide.

Japan, with a CAGR of -X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2020, the average sugar export price amounted to $X per tonne, waning by -X% against the previous year. Overall, the export price recorded a mild descent. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% y-o-y. As a result, the export price reached the peak level of $X per tonne. From 2018 to 2020, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Japan ($X per tonne), while the average price for exports to Democratic People's Republic of Korea amounted to $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+X%).

Sugar Imports

Imports into China

In 2020, purchases abroad of sugar increased by X% to X tonnes, rising for the third year in a row after two years of decline. Overall, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Over the period under review, imports hit record highs in 2020 and are likely to continue growth in the immediate term.

In value terms, sugar imports surged to $X in 2020. Over the period under review, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2020, imports failed to regain momentum.

Imports by Country

In 2020, Brazil (X tonnes) constituted the largest sugar supplier to China, accounting for a X% share of total imports. Moreover, sugar imports from Brazil exceeded the figures recorded by the second-largest supplier, Cuba (X tonnes), eightfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Brazil totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Cuba (+X% per year) and El Salvador (+X% per year).

In value terms, Brazil ($X) constituted the largest supplier of sugar to China, comprising X% of total imports. The second position in the ranking was occupied by Cuba ($X), with an X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from Brazil totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Cuba (+X% per year) and El Salvador (+X% per year).

Import Prices by Country

In 2020, the average sugar import price amounted to $X per tonne, rising by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when the average import price increased by X% y-o-y. Over the period under review, average import prices reached the peak figure at $X per tonne in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was El Salvador ($X per tonne), while the price for Brazil ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by El Salvador (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform