2020 China's starch sugar supply and demand and industry trend analysis

Starch sugar classification

Using Starch-containing grains, potatoes, etc. as raw materials, sugars prepared by acid, acid or enzymatic methods, including maltose, glucose, Fructose syrup, etc., are collectively referred to as starch sugars.

Starch sugar production

From the end of January to March 2020, due to the Spring Festival holiday and the epidemic, the output declined. Especially in February, the industry-wide operating rate fell to the lowest level in the past year, and production gradually resumed at the end of March. In April, the starch sugar market manufacturers basically resumed production and entered the normal production stage. Affected by factors such as the release of shocks, poor downstream market demand, narrowing of the price difference between fructose and sucrose, and blocked exports, the overall operation started at a low level. In terms of prices, as the price of corn has been rising and slightly decreased in late August, the price trend of starch sugar products has also followed the price of corn. In addition, the market has oversupply and competition is fierce. In addition to Maltodextrin, the profitability is good, and the maltose syrup is operating at a small profit. In addition, some other products were running at a loss.

China's starch sugar production and growth rate from 2015 to 2020

In recent years, as people's recognition of the starch sugar industry has become higher and higher, market consumption has continued to increase, and production has also increased. In 2020, China's starch sugar production will be about 15.44 million tons, an increase of 5.2% year-on-year.

Import and export of starch sugar

According to China Customs data, the amount of starch sugar imported for the first time exceeded the export volume. In 2020, China’s imports of major starch sugar products were 1.5794 million tons, a year-on-year increase of 146.8%; starch sugar exports were 1.5706 million tons, a year-on-year decrease of 0.8%.

2015-2020 China's main starch sugar products import and export volume

In 2020, the import value of China's main starch sugar products was US$862.414 million, a year-on-year increase of 67.5%; the export value of main starch sugar products was US$86.74 million, a year-on-year increase of 2.9%.

2015-2020 China's main starch sugar products import and export value

Among them, the import volume of glucose and glucose syrup in 2020 was 7861 tons, a year-on-year decrease of 1.4%; the import volume of fructose and fructose syrup was 7418 tons, a year-on-year increase of 130.2%; the import volume of dextrin and other modified starches was 482,704 tons, a year-on-year increase of 4.5% ; The import volume of other solid sugars and syrups without flavors or colors was 1081369 tons, an increase of 547.3% year-on-year.

2015-2020 China's main starch sugar products import volume

Among the main starch sugar products, glucose and glucose syrup are the most exported, followed by other solid sugars and syrups without flavoring or coloring agents. In 2020, China’s exports of glucose and grape syrup are 776,853 tons, a year-on-year increase of 1.1%; fructose and fruit The export volume of syrup was 19,7862 tons, a year-on-year decrease of 13.8%; the export volume of dextrin and other modified starches was 79,452 tons, a year-on-year decrease of 14.2%; the export volume of other solid sugars and syrups without flavors or colors was 516,427 tons, a year-on-year increase 4.8%.

Export volume of China's main starch sugar products from 2015 to 2020

The development trend of starch sugar industry

Through the adjustment of industrial structure, technological innovation, and green development, the starch sugar industry will continue to lay a solid foundation, make up for shortcomings, strengthen the industrial chain, and build, integrate and rely on the new development pattern of domestic and international double cycles faster to achieve starch The high-quality and sustainable development of the sugar industry has been striving hard from a "starch sugar manufacturing country" to a "starch sugar manufacturing power".