Sugar imports in China are likely to increase in the next ten years with an annual increase rate of 5.8 per cent reaching 5.52 million tons in 2030, stated a report released by China’s Ministry of Agriculture and Rural Affairs.
The increase in sugar consumption in the country is the reason behind the increase in sugar import. Sugar consumption in China will grow by 0.9% every year taking the figures to 16.44 million tonnes in 2030. Domestic sugar output will increase to 11.35 million tonnes in the next 10 years, said the report.
According to Ma Wenfeng, a senior analyst at the Beijing Orient Agribusiness Consultancy, the average sugar production in the country caters to 70 to 80% of the domestic demand. The domestic production in 2020 is stable and the consumption has increased, he said.
He said that in 2020, China’s domestic production remains stable, but as the tariff on imported sugar was lifted earlier last year, imports are now starting to gain a larger share of the Chinese market.