In China, Index Box reported that China’s sugar cane market is forecast for modest growth with a projected volume of 110 million tons and value of $38.8 billion by 2035, despite a recent decline from peak 2013 levels.
Current production (104 million tons) falls short of domestic consumption (107 million tons), leading to a significant import surge of 3M million tons, primarily from Myanmar and Laos.
The report noted that the domestic market has contracted from its 2013 peak of 129 million tons in volume and $54 billion in value, with a shrinking harvested area being a key factor.
Driven by rising demand for sugar cane in China, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.3% for the period from 2024 to 2035, the report added.
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Category: Food & Agriculture
