With production value of USD14.0 billion, China accounts for 21.0% of the Asia Pacific total in 2023. The industry’s exports share decreases in 2023 to 2.4% of total production output. The industry’s profitability decreases and stands at -0.9% of production value in 2023, the 19th highest regionally. The costs of the industry increase by 6.3% in 2023, largely driven by rising B2B costs. The total number of companies remains unchanged in 2023. The industry is fragmented, with the top five companies generating 29.1% of total production value in 2023. Guangxi Nanning East Asia Sugar Group is the largest company in China, generating 16.5% of the industry’s total production value in 2023. China has the largest market size for sugar regionally, with demand reaching USD19.1 billion in 2023. B2B drives market demand, with B2B spending representing 78.2% of total demand in 2023. The market is dominated by domestic suppliers, as imports account for 22.8% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Sugar in China: ISIC 1542. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Sugar in China: ISIC 1542 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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