During the first few years, the average selling price of sugar per metric ton reached 4,377 yuan in 2014, peaked at 6,800 yuan in 2016 and slowed to 5,283 yuan in 2018. As the source stated, this fluctuation mirrored the unstable supply of sugar in China and increasing demand for sugar confectioneries over the period. However, sugar selling price is expected to grow steadily at a CAGR of approximately 3.8 percent, reaching approximately 6,963 yuan per metric ton by the end of 2024.
Selling price of sugar in China from 2014 to 2018 with forecasts until 2024
(in yuan per metric ton)
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HKExnews. (January 26, 2021). Selling price of sugar in China from 2014 to 2018 with forecasts until 2024 (in yuan per metric ton) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1220289/china-sugar-selling-price/
HKExnews. "Selling price of sugar in China from 2014 to 2018 with forecasts until 2024 (in yuan per metric ton)." Chart. January 26, 2021. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1220289/china-sugar-selling-price/
HKExnews. (2021). Selling price of sugar in China from 2014 to 2018 with forecasts until 2024 (in yuan per metric ton). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1220289/china-sugar-selling-price/
HKExnews. "Selling Price of Sugar in China from 2014 to 2018 with Forecasts until 2024 (in Yuan per Metric Ton)." Statista, Statista Inc., 26 Jan 2021, https://www.statista.com/statistics/1220289/china-sugar-selling-price/
HKExnews, Selling price of sugar in China from 2014 to 2018 with forecasts until 2024 (in yuan per metric ton) Statista, https://www.statista.com/statistics/1220289/china-sugar-selling-price/ (last visited November 22, 2024)
Selling price of sugar in China from 2014 to 2018 with forecasts until 2024 (in yuan per metric ton) [Graph], HKExnews, January 26, 2021. [Online]. Available: https://www.statista.com/statistics/1220289/china-sugar-selling-price/