Refined sugar production in China stood at 15.2 million metric tons in 2023. Over the past decade, the sector displayed moderate fluctuations, marked by a sharp drop in 2018 and consistent growth since 2019. The year-on-year growth rate for 2023 was approximately 2.2%. The refined sugar production sector showed a five-year Compound Annual Growth Rate (CAGR) of 4.8% leading up to 2023.
Looking forward, forecasted data through 2028 suggests a steady increase in production, with a forecasted five-year CAGR of 1.58% and an overall forecasted growth rate of 8.13%. This trend highlights an expected continuous, albeit slower, upward trajectory in output levels.
Trends to watch for in the future include:
- Technological advancements in sugar production efficiency.
- Potential shifts in domestic demand driven by changes in dietary preferences.
- Policy measures impacting both production capacity and environmental regulations.
- Global market influences affecting the supply chain and cost structures.
