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, according to CCM's latest report, Sweeteners China
News 1304.
It is believed that this decrease was due to the decrease of
its domestic consumption volume in 2012. Actually, the domestic market is
always crucial for the domestic glucose syrup industry. For example, the
domestic consumption volume of glucose syrup accounted for over
90% of its total output in 2008 - 2012. At the same time, the consumption
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
consumption volume decreased by about 10% YoY to 1.05 million tonnes in 2012.
The volume of glucose syrup consumed by the domestic crystalline
glucose producers decreased 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 glucose syrup consumed by the domestic
crystalline glucose industry was the largest in 2011. But due to the decreasing
price of domestic sucrose (the competitor of glucose syrup), the demand of
glucose syrup from the crystalline glucose industry weakened in 2012. For
example, according to the 2012 annual report of Global Sweeteners Holdings
Limited (Global Sweeteners), a main producer of glucose syrup as well as crystalline
glucose in China, the sales volume of crystalline glucose decreased by 55.5%
YoY to 65,000 tonnes in 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 decrease compared with other starch sugar products like high
fructose corn syrup (HFCS). For example, the consumption volume of
glucose syrup in the domestic beverage industry was about 68,000 tonnes in
2012, decreasing by about 41% compared with the one in 2008. It is showed that
the domestic glucose syrup industry enjoyed a small benefit from the
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 decrease compared with that in 2012, but not largely, because of
the protection from government policies. Based on the stable price of sucrose
in China, it is predicted that the demand for crystalline glucose will keep
stable or even increase in 2013, which means that the demand of glucose syrup
may also increase at the same time.
On the other hand, though the competitiveness of glucose
syrup in some downstream industries has weakened in recent years, the demand of
glucose syrup from some other downstream industries will still increase. For
example, about 0.39 million tonnes of glucose 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 keep stable like in
2012, the consumption volume of glucose syrup may increase at the same time,
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. 2013
Xinfu Pharm delays its trial operation of sucralose project
until April 2013
QHT to purchase banks' wealth investment products
PureCircle holds promoting meeting on stevia
COFCO Tunhe: the net profit decreases by 2,374.89% in 2012
Poor performance of domestic sorbitol industry in 2012
Opinion solicitation for Standards for Use of Food Additives
ongoing
Challenges and opportunities coexist in the Chinese starch
sugar industry in 2013
National output of glucose syrup decreases by 8% in 2012
Luzhou Bio-chem has a poor sales performance in the starch
sugar business in 2012
Performance overview of QHT's products in 2012
Starch sugar business of China Starch performs well in 2012
Xiwang Sugar reports a loss in 2012
Shandong Longlive invests ecological agriculture
Baolingbao to enter the crystalline fructose, GOS and
trehalose market
Export overview of some sweeteners and raw materials in
China, Feb. 2013
2012/2013 Guangxi Sucrose Trade Meeting held in March 2013
Concentrated downstream application of Chinese mannitol
products
Ex-factory prices of Chinese sweeteners in March 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
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