Analysis and Forecast on China Sugar Industry (2015-2016)

Sugar price has been falling due to the oversupply both at domestic and international market. The domestic sugar manufacturing industry has been generating deficit for three consecutive years, the profit of cane growers has shrunk sharply and there has been serious reduction of crop harvest. China produced 10.556 million tons sugar in 2014/15. 2/762 million tons less than in 2013/14, 2015/16 shall sustain this falling trend and the production shall be about 9.3 million tons. Large sugar import affected China’s market, the Government therefore included sugar into import automatic management to control the import in 2014/15, but the total import was still 788,000 tons more than that in the previous campaign to hit 4.812 million tons. In order to protect cane growers’ interest, the Government raised the price for sugar crops again and again, there was exercise of the sugar reserve policy and temporary interest-subsidized collection for the reserve. As a result there was a considerable growth of sugar stock and the domestic market faces a huge pressure. There is no doubt on domestic reduction of sugar production in the new campaign, the market is foreseen to recover somewhat, but there shall be challenges from the huge domestic stock and the huge price gap between the domestic and foreign market. The domestic sugar market trend is not optimistic in 2015/16, so in 2015/2016: (1) How shall be China’s policy on the sugar industry? (2) Will sugar import continue to grow in the new campaign? (3) How shall be international sugar supply and demand? What shall be the price trend? (4) Will the Government release its sugar reserve at a certain time? (5) How is sugar consumption in China? (6) How shall starch sugar replace sugar? Centering on these issues, starting from the current overall status of the domestic policy, crop growing, processing, consumption and trade and combining the international sugar supply and demand status, there is systematic analysis and combing, and there is summery and prediction on the trend of domestic sugar market. This Report is a reference for decision makers that pay attention to China’s sugar industry.

Chapter I The General Situation of Global Market for Sugar

1.1 Overview of Global Sugar Manufacturing Industry

1.1.1 Overview

1.1.2 Global Sugar Production

1.2 Analysis of Supply and Demand of Global Sugar

1.3 Sugar Supply and Demand of Key Producing Countries and Forecast

1.3.1 Brazil

1.3.2 India

1.3.3 USA

1.3.4 European Union

1.3.5 Thailand

1.3.6 Russian

1.4 Global Price Trend and Forecast

Chapter II Analysis of Policy Environment of China’s Sugar Industry

2.1 Development Plan of China’s Sugar Industry

2.1.1 Production and Development Plan on Sugar Cane Growing Regions (2015-2020)

2.1.2 Special Plan for the 5 Million Mu “Four-goal” Sugar Cane Growing Land Rectification Project in Guangxi

2.2 Analysis of Sugar Purchasing and Storage Policy of China’s Sugar Industry

2.3 Analysis of China’s Sugar Materials Purchasing and Pricing Policies

2.4 China’s Trading Polices on Sugar Import & Export

2.4.1 Sugar Import Quota Policy to Continue

2.4.2 Sugar Included into Automatic Import Approval Management

2.5 Forecast on Policy Change

2.5.1 Targeted Sugar Price Management

2.5.2 Sugar Import Management

2.5.3 Threshold of Sugar Manufacturing Industry

Chapter III General Situation of China’s Sugar Manufacturing Industry

3.1 Industrial Scale

3.2 Revenue from Core Business Sector

3.3 Cost and Profit of Core Business Sector

3.4 Number of Companies Running in Red and Total Loss

Chapter IV Analysis and Forecast of China’s Sugar Crops Production

4.1 Sugarcane Production in China

4.1.1 Sugarcane Planting Area and Yield in China

4.1.2 Distribution of China’s Sugarcane Planting Regions

4.1.3 Sugarcane Planting Varieties in China

4.1.4 Mechanized Planting and Harvesting of Canes in China

4.1.5 Sugarcane Purchasing Price in Main Producing Province

4.1.6 Planting Cost and Benefit from Canes

4.1.7 Cane Farming Trend in China

4.2 Sugar Beet Production in China

4.2.1 Sugar Beet Planting Area and Yield in China

4.2.2 Distribution of China’s Sugar Beet Planting Regions

4.2.3 Sugar Beet Planting Varieties in China

4.2.4 Mechanized Planting and Harvesting of Sugar Beet in China

4.2.5 Sugar Beet Purchasing Price in Main Producing Province

4.2.6 Planting Cost and Benefit from Sugar Beet

4.2.7 Sugar Beet Farming Trend in China

Chapter V Analysis and Forecast of China’s Sugar Production

5.1 China’s Sugar Output

5.1.1 China’s Sugar Total Output and Trend

5.1.2 China’s Sugar Output and Trend by Province

5.2 Distribution and Production Capacity of China’s

5.2.1 Quantity of China’s Grinding Sugar Mills

5.2.2 Daily Grinding Capability of China’s Grinding Sugar Mills

5.3 Other Production Technological and Economic Indicators of China’s Grinding Sugar Mills

5.3.1 China’s Sugar Product Cost

5.3.2 China’s Mixed Sugar Production Ratio by Province

5.4 Raw Sugar Processing Capacity and Layout in China

Chapter VI Analysis and Forecast of China’s Sugar Consumption

6.1 Analysis on China’s Total Sugar Consumption and Prospect

6.1.1 China’s Total Sugar Consumption and Forecast

6.1.2 China’s Sugar Consumption Per Capita

6.2 Analysis on China Food Industry Sugar Consumption

6.3 Sugar Consumption of Chinese Residents

Chapter VII Analysis and Forecast of China’s Sugar Trade

7.1 China’s Sugar Imports

7.1.1 China’s Sugar Imports and Trend

7.1.2 China’s Granulated Sugar Imports by Country

7.1.3 China’s Raw Sugar Imports by Country

7.2 China’s Sugar Imports by Enterprise

7.2.1 China’s Granulated Sugar Imports by Enterprise

7.2.2 China’s Raw Sugar Imports by Enterprise

7.3 China’s Sugar Imports by Port

7.4 China’s Sugar Imports by Province

7.5 China’s Sugar Exports

7.5.1 China’s Sugar Exports and Trend

7.5.2 China’s Raw Sugar Exports by Country

7.5.3 China’s Granulated Sugar Exports by Country

7.6 Analysis and Prediction of China’s Net Import of Sugar

7.6.1 Changes in Net Imports of Sugar

7.6.2 China’s Sugar Imports to Reduce

Chapter VIII Analysis and Forecast of the Production, Consumption of China’s Sugar Substitutes

8.1 Analysis on China’s Starch Sugar Output and Trend

8.1.1 China’s Starch Sugar Output

8.1.2 China’s Starch Sugar Consumption and Prospect

8.2 Analysis on China’s Saccharin Production and Consumption

8.3 Other Sugar Substitutes

8.4 Impact of Sugar Substitutes on the Sugar Industry

8.4.1 Starch Sugar

8.4.2 Saccharin

8.4.3 Other Main sugar substitute

Chapter IX Analysis and Forecast of Sugar Supply and Demand Balance

Chapter X Analysis and Forecast of Sugar Price

10.1 China’s Domestic Sugar Price

10.1.1 Price Index of Sugar Wholesale Markets in China

10.1.2 The Wholesale Price of White Granulated Sugar of China’s Major Producing Areas

10.1.3 The Wholesale Price of White Granulated Sugar of China’s Major Selling Areas

10.1.4 China’s Imported Sugar CIF

10.1.5 China’s Imported Raw Sugar CIF

10.2 International Sugar Price

10.2.1 Futures Prices of New York No. 11 Raw Sugar in Recent Months

10.2.2 Comparison of Domestic Sugar Price and Imported Sugar Price

10.3 Factors Affecting Sugar Price Trend in China

Chapter XI China’s Major Sugar Enterprise (Groups)

11.1 Guangxi Nanhua Sugar Industry Group

11.1.1 Business Movement

11.1.2 Industrial Distribution

11.2 Guangxi Nanning Dongya Sugar Industry Group

11.2.1 Business Movement

11.2.2 Industrial Distribution

11.3 Guangxi Donta Group

11.3.1 Business Movement

11.3.2 Industrial Distribution

11.4 Guangxi State Farms Sugar Industrial Group

11.4.1 Business Movement

11.4.2 Industrial Distribution

11.5 Guangxi Fengtang Biochemical Co. Ltd.

11.5.1 Business Movement

11.5.2 Industrial Distribution

11.6 Nanning Sugar Industry Co. Ltd.

11.6.1 Business Movement

11.6.2 Industrial Distribution

11.7 Guangxi Guitang Group

11.7.1 Business Movement

11.7.2 Industrial Distribution

11.8 Guangdong Hengfu Sugar Industry Group

11.8.1 Business Movement

11.8.2 Industrial Distribution

11.9 Guangxi Yongxinhua Sugar Group

11.9.1 Business Movement

11.9.2 Industrial Distribution

11.10 COFCO Tunhe

11.10.1 Business Movement

11.10.2 Industrial Distribution

 

List of Figures

Figure 1.1, Global Sugar Output and Growth Rate, 2004/05-2015/16

Figure 1.2, Top 10 Largest Sugar Producing Countries (Regions)

Figure 1.3, Sugar Output of Main Producing Countries and Proportion in the Global Output, 2014/15

Figure 1.4, New York No.11 Sugar Futures Prices in Recent Month, 2004-2016

Figure 3.1, Number of China’s Sugar Producers, 2000-2015

Figure 3.2, Revenues from Core Business of China’s Sugar Producing Sector, 2000-2015

Figure 3.3, Cost and Profit Rate of Core Business of China’s Sugar Producing Sector, 2000-2015

Figure 3.4, Proportion of Companies Running in the Red and Total Loss, 2000-2015

Figure 4.1, Sugarcane Planting Area and Yield in China, 2005/06-2015/16

Figure 4.2, Sugarcane Planting Area by Province, 2005/06-2015/16

Figure 4.3, Sugarcane Output by Province, 2005/06-2015/16

Figure 4.4, Sugarcane Per Unit Yield by Province, 2005/06-2015/16

Figure 4.5, Planting Proportion of Main Sugarcane Varieties

Figure 4.6, Sugarcane Purchasing Price in Main Producing Province, 2005/06-2015/16

Figure 4.7, Planting Cost and Benefit from Canes, 2005-2015

Figure 4.8, Sugar Beet Planting Area and Yield in China, 2005/06-2015/16

Figure 4.9, Sugar Beet Planting Area by Province, 2005/06-2015/16

Figure 4.10, Sugar Beet Output by Province, 2005/06-2015/16

Figure 4.11, Sugar Beet Per Unit Yield by Province, 2005/06-2015/16

Figure 4.12, Planting Proportion of Main Sugar beet Varieties

Figure 4.13, Sugar Beet Purchasing Price in Main Producing Province, 2005/06-2015/16

Figure 4.14, China’s Sugar Beet Planting Cost and Benefit, 2005-2015

Figure 5.1, China’s Sugar Output, 2005/06-2015/16

Figure 5.2, Cane Sugar Output by Province and Proportion

Figure 5.3, Beet Sugar Output by Province and Proportion

Figure 6.1, China Sugar Consumption, 2004/05-2016/17

Figure 6.2, Sugar Consumption Per Capita in China, 2004/05-2015/16

Figure 6.3, Proportion of Industrial Consumption of Sugar

Figure 7.1, Changes in China’s Sugar Imports

Figure 7.2, Proportion of Sugar Import Varieties, 2015

Figure 7.3, Quantity of China’s White Granulated Sugar Imports, 2005-2015

Figure 7.4, Proportion of China’s White Granulated Sugar Imports by Country, 2015

Figure 7.5, Quantity of China’s Raw Sugar Imports, 2005-2015

Figure 7.6, Proportion of China’s Raw Sugar Imports by Country, 2015

Figure 7.7, China’s Granulated Sugar Imports by Enterprise, 2015

Figure 7.8, China’s Raw Sugar Imports by Enterprise, 2015

Figure 7.9, Raw Sugar Imports by Customs in China, 2015

Figure 7.10, Granulated Sugar Imports by Customs in China, 2015

Figure 7.11, Raw Sugar Imports by Province in China, 2015

Figure 7.12, Granulated Sugar Imports by Province in China, 2015

Figure 7.13, Changes in China’s Sugar Exports

Figure 7.14, Proportion of China’s Granulated Sugar Imports by Country, 2015

Figure 7.15, Changes in Net Imports of Sugar, 2005-2016

Figure 8.1, China’s Starch Sugar Output and Consumption, 2005-2016

Figure 8.2, China’s Saccharin Output and Domestic Sales, 2005-2016

Figure 10.1, China’s Sugar wholesale price index

Figure 10.2, Nanning Wholesale Price of White Granulated Sugar, 2000-2015

Figure 10.3, Wholesale Price of White Granulated Sugar of China’s Major Selling Areas, 2000-2015

Figure 10.4, China’s Granulated Sugar CIF Price by Month, 2006-2015

Figure 10.5, China’s Raw Sugar CIF Price by Month, 2006-2015

Figure 10.6, Futures Prices of New York No. 11 Raw Sugar in Recent Months, 2000-2015

Figure 10.7, White Sugar Prices, Domestic vs. ICE

Figure 10.8, Price Gap between Domestic Made Granulated Sugar and Processed Product from Imported Raw Sugar within Quota

 

List of Tables

Table 1.1, Global Sugar Supply and Demand Balance, 2011/12-2015/16

Table 1.2, Annual Per Capita Consumption of Sugar in Some Countries (Regions), 2014/15

Table 1.3, Brazil Sugar Supply and Demand Balance

Table 1.4, India Sugar Supply and Demand Balance

Table 1.5, USA Sugar Supply and Demand Balance

Table 1.6, European Union Sugar Supply and Demand Balance

Table 1.7, Thailand Sugar Supply and Demand Balance

Table 1.8, Russian Sugar Supply and Demand Balance

Table 5.1, Quantity of China’s Grinding Sugar Mills in 2014/15 Campaign

Table 5.2, Daily Grinding Capability of China’s Grinding Sugar Mills in 2014/15 Campaign

Table 5.3, Sugar Yield Rate in Main Sugarcane Growing Provinces, 2005/06-15/16

Table 5.4, Sugar Yield Rate in Main Sugar Beet Growing Provinces, 2005/06-15/16

Table 5.5, Raw Sugar Processing Capacity and Layout in China

Table 7.1, Raw SugarExports by Country, 2005-2015

Table 8.1, Top 20 Largest Starch Sugar Producers in China

Table 8.2, China’s Saccharin Production and Consumption, 2005-2016

Table 8.3, China’s Main Other Sugar Substitutes Production, 2005-2016

Table 9.1, Sugar Supply and Demand Balance

Table 11.1, Yangpu Nanhua Sugar Industry Group’s Sugar Producing Subsidiaries

Table 11.2, Dongya Sugar Industry Group’s Sugar Producing Subsidiaries

Table 11.3, Guangxi Donta Group’s Sugar Producing Subsidiaries

Table 11.4, Guangxi State Farms Sugar Industrial Group’s Sugar Producing Subsidiaries

Table 11.5, Guangxi Fengtang Biochemical’s Sugar Producing Subsidiaries

Table 11.6, Nanning Sugar Industry’s Sugar Producing Subsidiaries

Table 11.7, Guangdong Hengfu Sugar Industry Group’s Sugar Producing Subsidiaries

Table 11.8, Guangxi Yongxinhua Group’s Sugar Producing Subsidiaries

Table 11.9, COFCO Tunhe’s Sugar Producing Subsidiaries

Attached Table 1, Sugarcane Planting Area and Output in China, 2005/06-2015/16

Attached Table 2, Sugarcane Planting Area in China by Province, 2005/06-2015/16

Attached Table 3, Sugarcane Output in China by Province, 2005/06-2015/16

Attached Table 4, Sugarcane Per Unit Yield by Province, 2005/06-2015/16

Attached Table 5, Sugar Beet Planting Area and Output in China, 2005/06-2015/16

Attached Table 6, Sugarcane Purchasing Price in Main Producing Province, 2005/06-2015/16

Attached Table 7, Sugarbeet Planting Area in China by Province, 2005/06-2015/16

Attached Table 8, Sugarbeet Output in China by Province, 2005/06-2015/16

Attached Table 9, Sugarbeet Per Unit Yield by Province, 2005/06-2015/16

Attached Table 10, Sugarbeet Purchasing Price in Main Producing Province, 2005/06-2015/16

Attached Table 11, China’s Sugar Output, 2005/06-2015/16

Attached Table 12, Sugarcane Output in China by Province, 2005/06-2015/16

Attached Table 13, Sugar Beet Output in China by Province, 2005/06-2015/16

Attached Table 14, Sugar Consumption of China, 2004/05-2015/16

Attached Table 15, Sugar Consumption Per Capita in China, 2004/05-2015/16

Attached Table 16, Industrial Consumption of Sugar, 2008-2016

Attached Table 17, Sugar Consumption of Chinese Residents, 2005-2015

Attached Table 18, China’s Sugar Imports, 2005-2016

Attached Table 19, White Granulated Sugar Imports by Country, 2005-2015

Attached Table 20, Raw Sugar Imports by Country, 2005-2015

Attached Table 21, Import of Main Granulated Sugar Importing Companies in 2015

Attached Table 22, Import of Main Raw Sugar Importing Companies in 2015

Attached Table 23, Raw Sugar Imports by Customs in 2015

Attached Table 24, Granulated Sugar Imports by Customs in 2015

Attached Table 25, Raw Sugar Imports by Province in 2015

Attached Table 26, Granulated Sugar Imports by Province in 2015

Attached Table 27, China’s Sugar Exports, 2005-2016

Attached Table 28, China’s Granulated Sugar Exports by Country, 2005-2015

Attached Table 29, China’s Starch Sugar Output and Consumption, 2005-2016

Attached Table 30, Nanning Wholesale Price of White Granulated Sugar, 2000-2015

Attached Table 31, Wholesale Price of White Granulated Sugar of China’s Major Selling Areas, 2000-2015

Attached Table 32, China’s Granulated Sugar CIF Price by Month, 2006-2015

Attached Table 33, China’s Raw Sugar CIF Price by Month, 2006-2015

Attached Table 34, Futures Prices of New York No. 11 Raw Sugar in Recent Months, 2000-2015