In 2023, the volume of sugar cane processed in China stood at 82.59 Million Metric Tons, showing a year-on-year decrease of 1.94%. Over the last five years, the average annual decline, indicated by a CAGR, was 2.5%. The most notable yearly fluctuations include a sharp drop of 20.86% in 2015 and a notable increase of 6.67% in 2018. However, stability seems to have been the norm in recent years, with consistent year-on-year declines around the 1.94% mark since 2020.
Looking ahead into the next five years, forecasts predict a continued decline at an average annual rate of 1.73%, resulting in an 8.33% reduction by 2028. Future trends to watch for include potential policy changes impacting agriculture, advancements in sugar cane processing technologies, and shifts in consumer demand for sugar and its alternatives.
