2012 Sugar Imports Increased by 28.4%
In 2012, China imported a total of 3,747,000 tons of sugar, a year-on-year growth of 28.4%; imports turnover amounted to $ 2.24 billion, a year-on-year growth of 15.5%. Sugar imports accounted for 192.7 percent of the total import tariff quotas, up by 42.6 percent. Among them, in December, China’s imports of sugar reached 268,000 tons, down by 45.7% yet the qoq increased by 110.1%. The import turnover amounted to $ 150 million, a growth of 102.9% in qoq.
China’s sugar imports mainly take the form of general trade, reaching a total import of 3.609 million tons, accounting for 96.3% of total imports volume; processing trade imports (processing imported materials and processing with supplied material ) amounted to 13.5 million tons , accounting for 3.6%.
In 2012 , Brazil is China ‘s top sugar imports market with a 1.989 million tons of import volume , accounting for 53.1% of China ‘s total sugar imports ; followed by Thailand with 937,000 tons , accounting for 25.0% ; Cuba , with 42.6 million tons , accounting for 11.4 %; South Korea, with 215,000 tons ; Guatemala , with 69,000 tons ; and Philippines , 57,000 tons .
Sugar exports in 2012 fell by 20.6%
In 2012, China’s total exports volume of sugar reached 47,000 tons, a year – on – year decline of 20.6%. Among them, exports in December reached 3705 tons, with an average export price of 696.3 U.S. dollars / ton. The main export destination markets are Hong Kong, China ( 2229 tons ) , Malaysia ( 357 tons ) , the United States ( 345 tons ) and Canada ( 162 tons ) .