National output of glucose syrup decreases by 8 in 2012
The domestic glucose syrup industry performed poorly in 2012, which could be reflected from the decrease of its national output. In detail, the national output of glucose syrup was about 1.12 million tonnes in 2012, decreasing by about 8% YoY.
Published on: Mar 3, 2016
Transcripts - National output of glucose syrup decreases by 8 in 2012
National output of glucose syrup decreases by 8% in 2012Summary：The domestic glucose syrup industry performed poorly in 2012, which could bereflected from the decrease of its national output. In detail, the national output of glucosesyrup was about 1.12 million tonnes in 2012, decreasing by about 8% YoY.Tags: glucose syrup, consumption volume of glucose syrup, crystalline glucose, globalsweeteners, high fructose corn syrup,The domestic glucose syrup industry performed poorly in 2012, which could be reflectedfrom the decrease of its national output. In detail, the national output of glucose syrup wasabout 1.12 million tonnes in 2012, decreasing by about 8% YoY, according to CCMs latestreport, Sweeteners China News 1304.It is believed that this decrease was due to the decrease of its domestic consumptionvolume in 2012. Actually, the domestic market is always crucial for the domestic glucosesyrup industry. For example, the domestic consumption volume of glucose syrupaccounted for over 90% of its total output in 2008 - 2012. At the same time, theconsumption volume of glucose syrup in China showed an uptrend in the past five years,from 0.89 million tonnes in 2008 to 1.15 million tonnes in 2011. However, its consumptionvolume decreased by about 10% YoY to 1.05 million tonnes in 2012.The volume of glucose syrup consumed by the domestic crystalline glucose producersdecreased sharply from 0.40 million tonnes in 2011 to 0.30 million tonnes in 2012. In fact,glucose syrup can be used to produce crystalline glucose, and the volume of glucosesyrup consumed by the domestic crystalline glucose industry was the largest in 2011. Butdue to the decreasing price of domestic sucrose (the competitor of glucose syrup), thedemand of glucose syrup from the crystalline glucose industry weakened in 2012. Forexample, according to the 2012 annual report of Global Sweeteners Holdings Limited(Global Sweeteners), a main producer of glucose syrup as well as crystalline glucose inChina, the sales volume of crystalline glucose decreased by 55.5% YoY to 65,000 tonnesin 2012. Thus, its consumption volume was only 164,000 tonnes in 2012, down by 42%compared with the 281,000 tonnes of 2011.At the same time, it is estimated that the competitiveness of glucose syrup will decreasecompared with other starch sugar products like high fructose corn syrup (HFCS). Forexample, the consumption volume of glucose syrup in the domestic beverage industrywas about 68,000 tonnes in 2012, decreasing by about 41% compared with the one in2008. It is showed that the domestic glucose syrup industry enjoyed a small benefit fromthe development of the domestic beverage industry in recent years.In 2013, it is predicted that the consumption volume of glucose syrup will increase, but the
growth rate may not be large.On one hand, it is predicted that the domestic sucrose price in 2013 will decreasecompared with that in 2012, but not largely, because of the protection from governmentpolicies. Based on the stable price of sucrose in China, it is predicted that the demand forcrystalline glucose will keep stable or even increase in 2013, which means that thedemand of glucose syrup may also increase at the same time.On the other hand, though the competitiveness of glucose syrup in some downstreamindustries has weakened in recent years, the demand of glucose syrup from some otherdownstream industries will still increase. For example, about 0.39 million tonnes ofglucose syrup were consumed by the domestic candy industry, increasing by about 3%YoY. If the growth rates of glucose syrup in these downstream industries in 2013 can keepstable like in 2012, the consumption volume of glucose syrup may increase at the sametime, which wil also help to increase its national output in 2013.Table Contents of Sweeteners China News 1304:National Bureau of Statistics: the output of Chinese sucrose is 2.9 million tonnes in Feb.2013Xinfu Pharm delays its trial operation of sucralose project until April 2013QHT to purchase banks wealth investment productsPureCircle holds promoting meeting on steviaCOFCO Tunhe: the net profit decreases by 2,374.89% in 2012Poor performance of domestic sorbitol industry in 2012Opinion solicitation for Standards for Use of Food Additives ongoingChallenges and opportunities coexist in the Chinese starch sugar industry in 2013National output of glucose syrup decreases by 8% in 2012Luzhou Bio-chem has a poor sales performance in the starch sugar business in 2012Performance overview of QHTs products in 2012Starch sugar business of China Starch performs well in 2012Xiwang Sugar reports a loss in 2012Shandong Longlive invests ecological agricultureBaolingbao to enter the crystalline fructose, GOS and trehalose marketExport overview of some sweeteners and raw materials in China, Feb. 20132012/2013 Guangxi Sucrose Trade Meeting held in March 2013Concentrated downstream application of Chinese mannitol productsEx-factory prices of Chinese sweeteners in March 2013Sweeteners China News, issued by CCM on 5thevery month, offers timely update and closefollow-up of market and company dynamics based on China’s sweeteners industry. It alsoreleases the latest information on raw material supply, price update, import & export analysisas well as consumption trend & competitiveness.About CCM
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