2014-04-17 04:33:03 - China Sugar Industry Report, 2013-2015 - a new market research report on companiesandmarkets.com
From 2008/09 to 2013/14, the global supply of sugar has undergone changes from short supply to excess supply: raw sugar production increased from 140 million tons in 2008/09 to 170 million tons in 2012/13; while the demand for raw sugar was basically stabilized at about 150 million tons. It is expected that in 2013/14 global production of raw sugar may reach 174.9 million tons, with consumption to be 167.3 million tons, the global raw sugar industry continues to face destocking pressure.
As the world´s significant producing and importing country of sugar, China´s sugar output in 2012/13 climbed 13.5% YoY to 13.068 million tons, of which, Guangxi was the largest sugar producing area, with sugar production accounting for 63.7% of the
total; followed by Yunnan (14.7%) and Guangdong (8.4%). In 2012, China imported 3.747 million tons of table sugar, hitting a record high.
Since 2012, despite the sustainable growth in downstream demand, sugar enterprises affected by falling prices of table sugar and rising production costs have witnessed increase of loss. From January to June 2013, among 296 domestic sugar enterprises above designated size, as many as 55.1% of them suffered losses, listed companies such as Guangxi Yangpu Nanhua Sugar Industry Group Co., Ltd. and Guangxi Guitang (Group) Co., Ltd. still faced destocking pressures, the sugar business would continue to face adverse conditions.
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