From 2013 to 2023, China's sugar production saw a variable trend with both declines and recoveries. The sugar production value in 2023 stood at 14.9 million metric tons, marking a 1.47% increase from 2022. Analyzing the past two years reveals a consistent upward trend with an average growth rate of 1.47% per annum.
Looking at the longer-term period, from 2018 to 2023, the Compound Annual Growth Rate (CAGR) was 0.79%. Although there were occasional year-on-year declines, overall, sugar production showed resilience and gradual growth.
Forecasts for the next five years predict a steady increase in sugar production with a 2028 CAGR of 1.08%, resulting in a production value of 15.95 million metric tons. This growth trajectory indicates stable progress in the industry.
Future Trends:
- Monitor the impact of agricultural innovations on sugar yield efficiency.
- Observe shifts in global sugar demand affecting domestic production policies.
- Keep an eye on climate change-related challenges impacting sugarcane and beet crops.
