Increases in consumer incomes and the rapid development of many downstream industries has made China a major sugar-consuming country. Industry revenue is set to total $19.3 billion in 2015, up 2.8% for the year. Since 2010, industry revenue has been increasing at an annualized rate of 7.4%. Sugar exports account for only a small proportion of industry revenue at about 0.2% in 2015, while sugar imports make up 7.2% of domestic demand in 2015, down from 11.4% in 2012.
Chinese and global sugar markets are integrated, and world price fluctuations can affect China's domestic sugar market.
The Sugar Production industry in China comprises firms engaged in finished sugar product manufacturing with sugarcane and sugar beet as raw materials. The industry includes all types of refined sugar product manufacturing from raw sugar and granulated sugar. Products include raw sugar, brown sugar, caster sugar, yellow sugar, refined sugar, and by-products such as liquid sugar. The industry does not manufacture maltose, dextrose and candy made of starch.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.