The import of sugars, sugar syrup, and artificial honey to China has shown notable fluctuations from 2013 to 2023, with the import value recorded at 167.32 million USD in 2023. Although there were steep declines in some years, recent data from 2021 to 2023 indicate a positive growth trend, with a year-on-year increase tapering from 8.26% in 2021 to 2.59% in 2023. The compounded annual growth rate (CAGR) over the past five years stands at 2.45%, suggesting a moderate rise.
The forecast from 2024 to 2028 anticipates continued growth, albeit at a slower pace, with a five-year CAGR forecast of 1.95%. This indicates a 10.13% cumulative growth rate over the period, projecting an import value of 189.36 million USD by 2028. Key future trends to monitor include China’s economic fluctuations, potential government policies affecting imports, and global market changes in sugar supply and pricing. Also, the growing demand for healthier substitutes might impact the sugar import dynamics in the coming years.
