Market price of sugar in China 2014-2024
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.