Between 2013 and 2023, China's sugar exports saw substantial fluctuations but ultimately exhibited a growth trajectory: exports increased from 47.77 to 193.77 thousand metric tons. Notably, from 2013 to 2016, exports surged with a CAGR of 20.21%, peaking in 2018. Subsequently, growth slowed to a more stable rate, with the current CAGR hovering around -0.2% at the end of 2023 compared to the previous year. Looking forward to 2028, a forecasted CAGR of 0.93% indicates modest growth, with exports expected to reach 205.48 thousand metric tons.
Future trends to watch for:
- Shifts in international trade policies affecting China's sugar exports.
- Changes in global sugar demand due to health trends and economic factors.
- Technological advancements in sugar production and processing within China.
- The impact of climate change on domestic sugar production and export capabilities.