In 2023, China's centrifugal sugar imports stood at 4.52 million metric tons. The forecast from 2024 to 2028 indicates a steady increase in import volume, reaching 4.7 million metric tons by 2028. This reflects a gradual upward trend with year-on-year growth percentages averaging around 0.88% to 0.89%. The compound annual growth rate (CAGR) over this five-year period is modest, suggesting consistent but slow growth.
Future trends to watch for:
- Impact of domestic sugar production policies and pricing structures.
- Shifts in consumer demand for sugar-sweetened products.
- Potential changes in international trade agreements and tariffs affecting sugar imports.