China has become a major sugar-consuming country along with increases in consumer incomes and the rapid development of many downstream industries. Chinese and global sugar markets are integrated, and world price fluctuations can affect China's domestic sugar market. Despite price fluctuations and local shortages, sugar demand by Chinese consumers is steadily growing. Growth is being stimulated by increased use of sugar as an ingredient in food and beverage products, as well as an additive to foods and drinks.
Through the development of new refineries and the adoption of improved technologies, the China Sugar Production market has formed a fairly comprehensive industrial sugar production chain, from the growing of sugar-bearing crops to sugar processing and comprehensive utilization levels.
Industry revenue is set to total $19.4 billion in 2013, up 8.1% for the year. Since 2008, industry revenue has been increasing at an annualized rate of 13.8%. Sugar exports account for only a small proportion of industry revenue at about 0.2% in 2013, while sugar imports make up 11.7% of domestic demand in 2013, up from 3.7% in 2008.
For more information on the China sugar production market, please click here: China sugar production market
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