Data
from China Customs showed that the average export price of China's cyclamate
witnessed an increase to USD1,932/t in the first eleven months of 2013, but at
the same time, its total export volume decreased by 4.3% YoY from 24,526 tonnes
in Jan.-Nov. of 2012 to 23,480 tonnes in Jan.-Nov. of 2013, according to Sweeteners China News issued by
CCM in January.
The
export price increase was one important reason for the export volume decrease
of China's cyclamate in Jan.-Nov. 2013. In fact, price advantage is the most
useful weapon for cyclamate to compete with other sweeteners. However, RMB
appreciated rapidly in 2013. For example, according to the People's Bank of
China, the RMB/USD exchange rate was 6.2897 on 4 Jan. 2013, but it decreased to
just 6.0969 on 31 Dec. 2013. As a result, the export price of China's cyclamate
also increased in the same period. Thus, overseas downstream enterprises had to
pay higher price for the same quantity of China's cyclamate, which reduced
their import enthusiasm.
Meanwhile,
China's cyclamate began to face more competitions from other high intensity
sweeteners (HIS) in overseas markets, putting pressure on China's cyclamate export.
It is reported that downstream enterprises in Argentina, the second largest
destination of China's cyclamate exports in 2012, preferred stevia sweetener in
2013. For example, Coca Cola launched its "green cola" containing
stevia sweetener. Argentinean downstream enterprises' preference for stevia
sweetener could be the reason for the significant YoY decrease in the export
volume of China's cyclamate to Argentina in 2013.
It
is predicted that the total export volume of China's cyclamate will decrease in
2013, and domestic cyclamate producers may have a negative prospect in 2014.
Actually, it is estimated that the demand for China's cyclamate from overseas
market has been falling in 2013, compared with that in 2012. Data from China
Customs showed that only the demand for China's cyclamate from Europe witnessed
a slight increase in Jan.-Nov. 2013, while that from other continents declined
to varied extents in the same period. At the same time, the appreciation of RMB
will not have a significant change in the future, which means China's cyclamate
will further lose its price advantage. Based on the above negative factors,
domestic cyclamate producers have to plan for their future development.
Table of Contents of Sweeteners
China News 1401:
Shandong
Longlive's technology center rated state-level
National
standard of feed sweeteners passes expert examination
QHT
cooperates with GDHA on requirement of doctors and patients for microecological
health
Chenguang
Biotech obtains patent certificate for stevia in Nov. 2013
CNRIFFI's
stachyose (P80) rated as “national key new product”
China's
sweetener industry annual overview 2013
Gross
profit of Shandong crystalline glucose producers rebounds in Dec. 2013
Domestic
starch sugar producers shift sales focus to export in 2013
China's
HFCS: sucrose price becomes more decisive factor for profit margin decrease in
2013
Expiration
of patent protection for neotame in 2013 boosts neotame production in China
First-phase
of Guangdong L&P's sucralose project completed in Dec. 2013
Low
sucrose price in 2013 causes contrasting net profit growth between two FOS
producers
Shandong
Longlive opens online flagship shop at Tmall
Shandong
Futaste became the first GMP (2010 edition)-certified producer of xylitol in
China
China's
saccharin: combined export volume of domestic designated producers decreases in
Jan.-Oct. 2013
China's
cyclamate export: volume drop in Jan.-Nov. 2013
Export
overview of some sweeteners and raw materials in China, November 2013
Sucrose
price in China continues to drop since Nov. 2013
Ex-factory
prices of sweeteners in China in December 2013
Sweeteners China News, issued by CCM on 5th
every month, offers timely update and close follow-up of market and company
dynamics based on China’s sweeteners industry. It also releases the latest
information on raw material supply, price update, import & export analysis
as well as consumption trend & competitiveness.
CCM is
dedicated to market research in China, Asia-Pacific Rim and
global market.
With a staff of more than 150 dedicated highly-educated professionals, CCM
offers Market Data, Analysis, Reports,
Newsletters, Buyer-Trader Information, Import/Export Analysis,
and Consultancy Service.
Guangzhou CCM Information Science
& Technology Co., Ltd.
17th Floor, Huihua Commercial & Trade Mansion, No.80 Xianlie Zhong Road, Guangzhou 510070, China
17th Floor, Huihua Commercial & Trade Mansion, No.80 Xianlie Zhong Road, Guangzhou 510070, China
Tel: 86-20-37616606
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