sugar – CRI Report https://www.cri-report.com market research vender! Tue, 22 Nov 2022 05:35:10 +0000 en-US hourly 1 https://www.cri-report.com/wp-content/uploads/2021/01/cropped-shcrilogo-c.jpg sugar – CRI Report https://www.cri-report.com 32 32 Research Report on China’s Sugar Import 2023-2032 https://www.cri-report.com/report-on-chinas-sugar-import-2023-2032/ https://www.cri-report.com/report-on-chinas-sugar-import-2023-2032/#respond Mon, 14 Nov 2022 03:38:22 +0000 https://www.cri-report.com/?post_type=product&p=25044 In 2021, the average price of China's sugar imports rose to US$402.9 per ton, up 17.8% year-on-year, and in the first three quarters of 2022, the average price of China's sugar imports continued to rise to US$487.3 per ton, up 30.0% year-on-year.

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]]> China’s Sugar Import Overview

With the development of China’s economy and rising living standards, the demand for sugar in the Chinese market is on the rise. Due to the limited arable land, there is little room for growth in China’s local sugar production, and China needs to import a large amount of sugar every year.

In 2021, China imported a total of 5.665 million tons of sugar, up 7.5% year-on-year, with imports of US$2.28 billion, up 26.6% year-on-year. According to CRI’s analysis, in the first three quarters of 2022, China imported 3.503 million tons of sugar, down 8.7% year-on-year, and the import value was US$1.71 billion, up 18.8% year-on-year.

  • sugar import volume

As a bulk commodity, the average price of China’s sugar imports stabilized in the price range of US$330 to US$370 per ton in 2018-2020. In 2021, the average price of China’s sugar imports rose to US$402.9 per ton, up 17.8% year-on-year, and in the first three quarters of 2022, the average price of China’s sugar imports continued to rise to US$487.3 per ton, up 30.0% year-on-year.

The main types of sugar imported into China include beet sugar, sucrose, chemically pure sucrose, Granulated sugar, Superfine sugar and other refined sugars, etc. According to CRI’s analysis, the main types of sugar imported into China are other sucrose without flavoring or coloring agents and granulated sugar.

In 2021, the import volume of other sugar sucrose without flavoring or coloring reached 4.967 million tons, accounting for 87.7% of the total import volume and US$1.94 billion, accounting for 85.1% of the total import value in that year. The import volume of granulated sugar amounted to 683,000 tons, accounting for 12.1%, and the import value of US$330 million, accounting for 14.5%.

CRI analysis shows that in 2021, the main sources of China’s sugar imports by import volume are Brazil, UAE, Cuba, South Korea and India. Brazil is China’s largest source of sugar imports. 4.687 million tons of sugar will be imported from Brazil in 2021, accounting for 82.7% of total imports in that year, and US$18.21 billion, or 79.8% of imports.

sugar import sources

China is the world’s major sugar consumer. With the improvement of China’s national living standard and the upgrade of consumption structure, China’s sugar consumption continues to grow rapidly, but China’s domestic sugar production capacity cannot meet the demand of the consumer market and needs to seek a large number of imports, therefore, CRI expects China’s sugar imports will continue to grow in the future.

Topics covered:

  • China’s Sugar Import Status and Major Sources in 2018-2022
  • What is the Impact of COVID-19 on China’s Sugar Import?
  • Which Companies are the Major Players in China’s Sugar Import Market and What are their Competitive Benchmarks?
  • Key Drivers and Market Opportunities in China’s Sugar Import    ring 2023-2032?
  • What is the Expected Revenue of China’s Sugar Import during 2023-2032?
  • What are the Strategies Adopted by the Key Players in the Market to Increase Their Market Share in the Industry?
  • What are the Competitive Advantages of the Major Players in China’s Sugar Import Market?
  • Which Segment of China’s Sugar Import is Expected to Dominate the Market in 2032?
  • What are the Major Adverse Factors Facing China’s Sugar Import?

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]]> https://www.cri-report.com/report-on-chinas-sugar-import-2023-2032/feed/ 0 Research Report on China’s Import Tariff Quotas for Agricultural Products, 2019-2023 https://www.cri-report.com/research-report-on-chinas-import-tariff-quotas-for-agricultural-products-2019-2023/ Wed, 22 May 2019 07:01:14 +0000 https://www.cri-report.com/product/import-placeholder-for-1905385/ Description The Interim Measures for Administration of Import Tariff Quotas for Agricultural Products (hereinafter referred to as the Interim Measures) was a government document formulated by China’s National Development and Reform Commission and put into force on Feb. 5, 2002. The Interim Measures determines the annual import tariff quotas for agricultural products according to China’s schedule of concessions on goods in the accession to the WTO. Agricultural imports in quota are subject to low tariff rates while those out of quota are subject to high tariff rates. According to CRI’s…

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]]> Description
The Interim Measures for Administration of Import Tariff Quotas for Agricultural Products (hereinafter referred to as the Interim Measures) was a government document formulated by China’s National Development and Reform Commission and put into force on Feb. 5, 2002. The Interim Measures determines the annual import tariff quotas for agricultural products according to China’s schedule of concessions on goods in the accession to the WTO. Agricultural imports in quota are subject to low tariff rates while those out of quota are subject to high tariff rates.
According to CRI’s analysis, by May 2019, the Interim Measures applies to agricultural products including wheat, corn, rice, sugar, cotton, wool and wool top. The import tariff quotas for wheat, corn, rice, sugar and cotton are classified into the quotas to state trading enterprises and the quotas to non-state trading enterprises to give priority to state-owned enterprises. The import of wool and wool top is exclusive to designated companies.
CRI believes that China’s tariff rate quota administration for agricultural products has both advantages and disadvantages. On one hand, it protects domestic agricultural product market from the impact of large quantities of low-price agricultural imports. Low in-quota tariff rates ensure low-cost raw materials to the agricultural product processing enterprises in China. On the other hand, the tariff rate quota administration triggers international trade disputes. For example, in Dec. 2016, the United States filed a lawsuit with the WTO against China’s administration of the import tariff quotas for wheat, rice and corn. In Apr. 2019, the United States won WTO ruling against China’s use of tariff-rate quotas for rice, wheat and corn, which it successfully argued limited market access for U.S. grain exports. Besides, some applicants to the import tariff quotas are not agricultural product processing enterprises but trade companies. They resell agricultural products in quota to agricultural product processing enterprises with price markups. Consequently, agricultural product processing enterprises have to pay more for agricultural imports.
According to CRI, the annual import tariff quotas for some agricultural products cannot be used up. For example, in 2018, China’s corn imports totaled 3.52 million tons, accounting for only 48.90% of the quota quantity of 7.20 million tons; the wheat imports totaled about 3.10 million tons, accounting for only 32.20% of the quota quantity of 9,636,000 tons. Such surpluses are caused by the strict eligibility criteria. Many downstream enterprises (such as feed processing enterprises and food processing enterprises) that fail to obtain the import tariff quotas purchase raw materials from other sources or even purchase agricultural products smuggled into China.
CRI expects that the import tariff quotas for agricultural products will go out of date as China’s foreign trade develops and China’s economy becomes more global. However, most of these quotas will continue to exist from 2019 to 2023 because Chinese government needs to protect the domestic agricultural product market and some state-owned enterprises can make profits from reselling tariff quotas.

Topics Covered:
– Introduction to China’s import tariff quotas for agricultural products
– Analysis on advantages and disadvantages of China’s import tariff quotas for agricultural products
– China’s import of agricultural products subject to tariff rate quota administration
– Major enterprises granted with China’s import tariff quotas for agricultural products
– Forecast on development of China’s import tariff quotas for agricultural products

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