The import of sugar confectionery to China has shown a steady increase from 2013 to 2023, with the value reaching $294.73 million in 2023. Over the past two years, growth rates have been moderate, with a year-on-year increase of 4.8% in 2022 and 4.49% in 2023. The average annual growth rate (CAGR) over the last five years (2019-2024) stands at 4.08%.
Future projections indicate a continued upward trend, with imports expected to reach $354.62 million by 2028. This signifies a forecasted 5-year CAGR of 2.93% and a total growth rate of 15.52% from 2024 to 2028.
Future trends to watch for:
- Increasing demand for premium and healthy confectionery products
- Potential impact of trade policies and tariffs
- Technological advancements in product development and distribution
- Rising consumer disposable income and changing preferences
- Impact of global economic factors and currency fluctuations on import costs
