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Sweeteners China News

                                          Vol.1 Issue 1 2011




  Copyright © CCM International Limited
Sweeteners China News
                                                              Vol.1 Issue 01 2011            Publication date: 20 June, 2011


                 CONTENTS                                                           Welcome to the June issue of Sweeteners
                                                                                    China News, specially published by CCM
                                                                                    International.
News in Brief
1   Public notice on export quota bidding issued
                                                                                    The average cane sugar price in China on 15 June 2011 was
1   Meilun Medical obtains government subsidy
                                                                                    USD1,114/t (RMB7,217/t), down 4% over the average price
1   CFIA holds a meeting of starch sugar in Beijing
                                                                                    on 10 November 2010—when the price is the highest in
1   Haizhina to build an organic maltose syrup project in Jiangxi
                                                                                    the past several years, according to the China Sugar Index
1   Problems hinder domestic HFCS development
                                                                                    from www.yntw.com—a famous sugar website in China.
1   Prices of corn starch and syrup may increase again in H2 2011
                                                                                    However, the current price still stays at a high level, and it
Market Dynamic                                                                      is estimated that the sugar price will remain at a high level
2 Overview of production and market of sucralose                                    this year, higher than USD1,080/t (RMB7,000/t).
Company Dynamic
3   Anhui Jinhe passes IPO examination and approval                                 Certainly, such market situation provides an opportunity
4   Gansu Puhua to launch stevioside production lines                               for sweeteners—the sugar substitutes and most of them
5   Guilin Layn to turn loss into gain                                              have lower unit sweetness price over sucrose. And the
5   Mengzhou Huaxing launches trial production of aspartame production lines        players in the industry are optimistic about the future
6   Baolingbao smoothly expands erythritol capacity                                 development of sweeteners, especially high intensity
Raw Material Supply                                                                 sweeteners (HIS, which is one main focus in this issue):
7 GLG builds a breeding and cultivation centre of stevia                            according to a survey from CCM which is also referred in
                                                                                    the article below in this issue, most respondents believe
Price Update
8 Ex-factory prices of Chinese sweeteners, June 2011
                                                                                    that HIS will perform well in China and Asia Pacific in the
                                                                                    next 3-5 years. Meanwhile, the recent dynamics of many
Import & Export Analysis                                                            processors, such as Anhui Jinhe, Mengzhou Huaxing and
9 Import & export analysis of Chinese saccharin in Jan.-Apr. 2011
                                                                                    Gansu Puhua, also prove that they are optimistic about the
10 Import & export analysis of Chinese cyclamate in Jan.-Apr. 2011
                                                                                    HIS segment, which is an apparent signal for the industry.
Consumption Trend & Competitiveness
11 HIS believed to enjoy good development in the future                             If there are any specific topics you would like us to cover
                                                                                    or investigate any of the subjects covered in more details,
                                                                                    please contact us by +86-20-37616606, or econtact@
                                                                                    cnchemicals.com.




                                                                                Future of Functional Oligosaccharide Market
                                  CCM’s Market Reports                          in China
                                  Announcement
                                                                                Production and Market of Inulin in China
                                   For more details, please contact CCM at      Production and Market of Sucralose in China
                                   econtact@cnchemicals.com




                                  CCM’s Market Reports                          The Survey of Sorbitol in Asia Pacific
                                  Announcement                                  Production and Market of Xylitol in China
                                   For more details, please contact CCM at
                                                                                Production and market of Stevia Sweetener
                                   econtact@cnchemicals.com                     in China
Sweeteners China News
           Vol.1 Issue 01 2011



      Sweeteners China News at a glance                                        CFIA holds a meeting of starch sugar
    China's sucralose industry will continue to develop in the next few
    years.
                                                                                            in Beijing
    Anhui Jinhe has successfully passed the IPO examination and
    approval on May 20th 2011.                                                O    n 19 May 2011, China Fermentation Industry Association (CFIA)
                                                                                   held a meeting of starch sugar in Beijing. The Secretary General
                                                                              of CFIA explained some national policies which are concerned with
    Guilin Layn may turn loss into gain in H2 2011, thanks to its             the starch sugar industry. Most delegates believed that though
    rapidly increasing sales of momordica glycosides.
                                                                              the National Policy Adjustment of Corn Industry will bring some
    Mengzhou Huaxing is putting its aspartame production lines into           unfavourable factors to the starch sugar industry, the government
    trial production.                                                         will strongly support the new industries including the starch sugar
    Gansu Puhua may launch its stevioside production lines in H2              industry in the future. That is to say, the starch sugar industry will
    2011.                                                                     face new challenges while enjoy new opportunities for development
                                                                              at the same time.
    Baolingbao has been expanding its erythritol capacity, which will
    reach 4,000t/a by Aug. 2011.

    GLG has built a breeding and cultivation centre of stevia in Anhui         Haizhina to build an organic maltose
    in June 2011.

    The result of a survey by CCM shows that most respondents view
                                                                                     syrup project in Jiangxi
    the demand for high intensity sweeteners in China and Asia Pacific
    Area will enjoy a good development in the future.                         I  n late May 2011, Yiwu Haizhina Bioengineering Co., Ltd.
                                                                                 (Haizhina), a producer and seller of rice protein, has signed a
                                                                              preliminary agreement with Wanzai Government which is located
                                                                              in Jiangxi Province. According to the agreement, Haizhina plans
                                                                              to invest USD23.19 million to build the first organic maltose syrup
                                                                              project in China; the organic maltose syrup capacity of the company
                                                                              will reach 20,000t/a when the project is finished.


News in Brief                                                                      Problems hinder domestic HFCS
  News in brief                                                                             development
                                                                              D   omestic High Fructose Corn Syrup (HFCS) Forum of Market
                                                                                  and Development was held in Beijing on 19 May 2011. It is
   Public notice on export quota bidding                                      reported that there are four problems that hinder the development of
                                                                              HFCS in the domestic market.
                   issued
                                                                              Firstly, HFCS capacity is growing too fast.Secondly, raw materials

  I  n late May 2011, the Ministry of Commerce (MOC) issued a public
     notice, according to which, from June 2011, the government would
  issue a bidding announcement about 2011's export quota of licorice
                                                                              of HFCS are lacking in supply.Thirdly, downstream application is
                                                                              limited.Finally, government toughens the policies on environmental
                                                                              protection, so producers need to make more efforts to meet the
  and licorice products; those processors who meet the requirements           requirements of environmental protection and energy saving.
  in the notice can send their applications to the provincial office of
  MOC to bid for the export quota.
                                                                                  Prices of corn starch and syrup may
    Meilun Medical obtains government                                                  increase again in H2 2011
                subsidy
                                                                              M     r. Kong, President of Global Sweeteners Holdings Limited
                                                                                    (Global Sweeteners), predicts that prices of corn starch and

  I n early June 2011, Tianjin Meilun Medical Co., Ltd. (Meilun
    Medical), a private pharmaceutical company based in Tianjin,
  revealed that the company obtained a subsidy of about USD0.77
                                                                              syrup will both increase again in H2 2011, since the purchase price
                                                                              of corn may increase by 15% in 2011. Besides, Global Sweeteners
                                                                              plans to build a new production line of 55% high fructose corn syrup
  million (RMB5 million) from the local government, because the               with the capacity of 100,000t/a in Q1 2012 and expand its crystalline
  company invested a lot and successfully launched a new production           glucose capacity by 100,000t/a in the future.
  system which can produce premium stevioside. The company’s
  premium stevioside includes two types: one type is with glucoside
  content and stevioside A (Reb-A) content of 99%+ and 95%+
  respectively, and the other is with glucoside content and Reb-A
  content of 95%+ and 90%+ respectively.




            www.cnchemicals.com                                               CCM 1                           econtact@cnchemicals.com
                                                                          1
Sweeteners China News
      Vol.1 Issue 01 2011



Market Dynamic

                          Overview of production and market of sucralose

    C   urrently, with the increasing
        overseas sucralose demand, Chinese
    producers have been actively operating
                                                 FIGURE 1: Export volume of sucralose in China, 2006-2010

                                                                  2,000
    their sucralose production lines or
    expanding their sucralose capacity since
    domestic sucralose producers effectively                      1,600
    won the No.337-TA-604 investigation
    launched by Tate & Lyle in the US on 6
                                                     Unit:tonne

                                                                  1,200
    April 2009. And the export volume of
    sucralose has a rapid growth after 2009.
                                                                      800
    JK Sucralose Inc. (JK Sucralose),
    the largest professional sucralose                                400
    manufacturer in China and the second
    largest in the world, has finished the
    second phase project in June 2010 and                               0
    has successfully achieved the expected                                  2006            2007           2008       2009      2010
    capacity in May 2011. Meanwhile, in                                                    Capacity: t/a    Output : tonne
    order to meet the increasing market
    demand for sucralose, JK Sucralose has       Source: CCM International
    started the third phase project which
    includes three production lines. It is
    estimated that the sucralose capacity will   FIGURE 2: Sucralose production in China, 2006-2010
    get 800t/a by the end of 2011, then to
    1,000t/a by the end of 2012 and finally
                                                                      500
    reach 4,000t/a by the end of 2018.

                                                                      400
    Changzhou Niutang Chemical Plant Co.,
    Ltd. (Changzhou Nituang), one of the
                                                         Unit:tonne




                                                                      300
    major domestic sucralose producers,
    has a subsidiary engaged in sucralose
                                                                      200
    production, namely Nantong Changhai
    Food Additive Co., Ltd. (Nantong                                  100
    Changhai). In 2010, the sucralose
    capacity and output of Changzhou                                   0
    Niutang are 100t/a and 60 tonnes,                                       2006            2007           2008        2009       2010
    while those of Nantong Changhai are
    100t/a and 50 tonnes, respectively.
    What's more, it is reported that             Source: CCM International
    Changzhou Niutang planned to expand
    its sucralose capacity by 1,000t/a. Then,
                                                 sucralose capacity and output are                            sucralose is more than 600 tonnes,
    it is estimated that the total capacity of
                                                 300t/a and 60 tonnes, respectively,                          increasing by about 50% over 2009
    Changzhou Niutang will reach 1,100t/a
                                                 and it has planned to further expand its                     thanks to the recovered demand from
    when the expansion is finished.
                                                 sucralose capacity in the future, based                      overseas market.
                                                 on the currently increasing demand for
    Techno (Fujian) Biotechnology Co.,
                                                 sucralose.                                                   Currently, China has witnessed booming
    Ltd. (Fujian Techno), also one of the
                                                                                                              sucralose export. From 2006 to 2010,
    major domestic sucralose producers,
                                                 The chart (FIGURE 1) shows that both                         the export volume (FIGURE 2) showed
    is a subsidiary of Techno (Guangzhou)
                                                 the output and capacity of sucralose                         a general trend of escalation, though
    Biotechnology Co., Ltd. (Guangzhou
                                                 in China have increased from 2006                            in 2009 it decreased a little than that
    Techno). In 2010, Fujian Techno's
                                                 to 2010. And in 2010, the output of                          in 2008. Because of the 337 patent


        www.cnchemicals.com                                                        CCM 2                               econtact@cnchemicals.com
Sweeteners China News
     Vol.1 Issue 01 2011



     investigation which hit China's sucralose market from                 capacity utilization is raised, the total capacity of sucralose
     2008 to 2009, producers in China exported less sucralose.             will increase a lot. Because the price of sugar in China
     After Chinese producers won the investigation on 6 April              still stays at a high level even though the government has
     2009, domestic export has gradually recovered and a new               already taken action to stabilize it, more and more food
     export record is set in 2010. Since sucralose is widely               producers will prefer to choose high intensity sweeteners
     used, the export is promoted with its increasing overseas             (HIS), which can significantly decrease the production
     demand.                                                               cost compared with that of using sugar. Therefore, this
                                                                           situation is favorable to the consumption of HIS. With
     Generally, it is estimated that China's sucralose industry            the development of sugar-free foods and the extensive
     will develop gradually in the future. When the processing             application of HIS, the demand for sucralose both at home
     construction projects of sucralose is finished and the                and abroad will grow in the next few years.


Company Dynamic

                       Anhui Jinhe passes IPO examination and approval

     A   nhui Jinhe Industrial Co., Ltd. (Anhui Jinhe), engaged
         in producing acesulfame-K, maltol and ethyl maltol,
     has successfully passed IPO (Initial Public Offerings)
                                                                           acesulfam-K's quality in recent years, which strengthens its
                                                                           competitiveness in the acesulfame-K market. Meanwhile,
                                                                           Anhui Jinhe had increased its acesulfame-K capacity from
     examination and approval on May 20th 2011.                            1,800t/a in 2008 to 4,000t/a in 2009. In order to expand
                                                                           the market share of acesulfame-K in sweetener market,
     Anhui Jinhe plans to raise about USD111 million through               Anhui Jinhe expects to expand the acesulfam-K capacity as
     IPO to expand its acesulfame-K capacity from 4,000t/a                 soon as possible.
     to 9,000t/a and to construct a new workshop of calcium
     ammonium nitrate with the capacity of 200,000t/a. Anhui               From 2006 to 2010, the capacity of acesulfame-K has
     Jinhe may formally issue its stocks at Shenzhen Stock                 increased from 13,620t/a to 20,520t/a with a CAGR of
     Exchange before the end of 2011 thanks to the following               10.79%, while the output has decreased from 7,325 tonnes
     advantages: steadily increasing assets, sufficient circulating        to 4,185 tonnes with a CAGR of -13.06%. Before 2008,
     funds, strong debt paying ability and excellent profitability         seeing the price increasing year by year, some producers
     forecast on the core businesses, especially acesulfame-K.             poured in acesulfame-K production or excessively enlarged
                                                                           their production capacity. At that time, intense competition
     Major reasons for Anhui Jinhe's expansion in acesulfame-K             between producers and the impact from overseas rivals
     capacity are as follows.                                              have led to the oversupply in the acesulfame-K industry,
                                                                           resulting in low operating rate and shrunken output.
     Demand for acesulfame-K has been increasing because                   What's worse, the global financial crisis since 2008 has
     of the fast growth of China's food industry especially the            impacted the development of Chinese acesulfame-K
     beverage industry in recent years.                                    industry; demand both at home and overseas is not as
                                                                           brisk as it was in previous years.
     As a safe sugar substitute, demand for acesulfame-K from
     above 100 million of domestic diabetics has also been                 However, Anhui Jinhe will face some risks, such as
     increasing.                                                           much stricter supervision on food additives, fluctuating
                                                                           cyclamate price and RMB exchange rate.
     Anhui Jinhe has been investing in the improvement of

                           TABLE 1: Basic information about major acesulfam-K producers in China, 2011
          No.                           Company name                                Abbreviation           Location      Capacity '11
           1     Suzhou Hope Technology Co., Ltd.                            Suzhou Hope               Jiangsu                 10,000
           2     Anhui Jinhe Industrial Co., Ltd.                            Anhui Jinhe               Anhui                     4,000
           3     Shandong Minghui Food Co., Ltd.                             Shandong Minghui          Shandong                  2,500
           4     Zhejiang Hangzhou Sanhe Food Co., Ltd.                      Hangzhou Sanhe            Zhejiang                  2,000
           5     Beijing VitaSweet Co., Ltd.                                 Beijing VitaSweet         Beijing                   1,200
           6     Jiangsu Suzhou Peacock Food Additive Co., Ltd.              Suzhou Peacock            Jiangsu                   1,500
           7     Jiangxi Beiyang Food Addiitive Co., Ltd.                    Jiangxi Beiyang           Jiangxi                   1,000
           8     Shandong Zibo Golden Science Industry & Trade Co., Ltd.     Zibo Golden               Shandong                    200
           9     Guangdong L&P Food Ingredient Co., Ltd.                     Guangdong L&P             Guangdong                   120
         Total                                                                                                                 22,520
       Source: CCM International


     www.cnchemicals.com                                                   CCM 3                             econtact@cnchemicals.com
Sweeteners China News
Vol.1 Issue 01 2011



                 Gansu Puhua to launch stevioside production lines


G   ansu Puhua Stevioside Development Co., Ltd. (Gansu
    Puhua), engaged in stevioside production, may
launch its stevioside production lines in H2 2011.
                                                                   Gansu Puhua will become one of the top six domestic
                                                                   stevioside producers (TABLE 2) each with the
                                                                   capacity of above 1,000t/a in China after it launches
                                                                   its production lines. There are mainly 25 active stevia
Gansu Puhua with the total investment of about USD19               sweetener producers in China by now. PureCircle
million was set up in July 2010 and its five investors             (Jiangxi) Co., Ltd. is the biggest one, whose capacity
include: Gansu Pharmaceutical Alkali Factory (Gansu                and output reached 4,000t/a and 1,400 tonnes in 2010,
Pharmaceutical Alkali), Gansu Agricultural Reclamation             accounting for 29.68% and 35.80% of the total domestic
Group Co., Ltd. (Gansu Agricultural Reclamation Group),            capacity and output of stevia sweetener, respectively.
Chengdu Wagott Pharmaceutical Co., Ltd.(Chengdu                    Moreover, China's stevia sweetener production is mainly
Wagott), Gansu Yasheng Industrial (Group) Co., Ltd.                concentrated in Jiangxi Province and Shandong Province.
(Gansu Yasheng) and Gansu Puli Health Products Co.,
Ltd. (Gansu Puli). Gansu Agricultural Reclamation                  As a natural kind of high intensity sweetener (HIS),
Group is the controlling shareholder of both Gansu                 stevia sweetener's usage has been approved by more
Pharmaceutical Alkali and Gansu Yasheng, and these                 and more countries and it has been becoming more and
three companies together hold 70% of Gansu Puhua's                 more popular in overseas market. Currently, China is
total shares. Moreover, Chengdu Wagott, engaged in                 the largest stevia sweetener supplier in the world, and
production of plant extracts, holds 20% of Gansu Puhua's           around 80% of its total output of stevia sweetener is sold
total shares and it is also a stevioside producer with a           to overseas market. From 2006 to 2010, the capacity
capacity of 200t/a.                                                of stevia sweetener has increased from 5,160t/a to
                                                                   13,475t/a with a CAGR of 27.12%. The booming domestic
Gansu Puhua started the construction of stevioside                 production is mainly driven by the rising demand from
production lines with total capacity of 1,000t/a at the            foreign countries; nowadays, foreigners prefer natural
end of July 2010. Currently, The company has completed             food additives to artificial ones. The US, Japan and South
the construction of stevioside production lines and may            Korea are the most important stevia sweetener markets
launch them in H2 2011. Meanwhile, Gansu Puhua has                 in the world. China's stevia sweetener is mainly exported
built a stevia planting base with the total building area          to neighboring countries and North America in the past
of about 667 hectares, in order to provide steady and              three years. Malaysia, the US, Mexico, South Korea and
sufficient raw materials to its own stevioside production          Japan are the most important export destinations of
in the future.                                                     China's stevia sweetener.



                        TABLE 2: Basic information about major stevioside producers in China, 2011
  No.                     Company name                                Capacity '11                        Location
   1     PureCircle (Jiangxi ) Co., Ltd.                                                4,000                           Jiangxi
   2     Dongtai Runyang Stevia High Tech Co., Ltd.                                     2,000                          Jiangsu
   3     Shandong Huaxian Stevia Co., Ltd.                                              1,000                        Shandong
   4     Qingdao Runde Biotechnology Co., Ltd.                                          1,000                        Shandong
   5     Shandong Haigen Stevia Products Co., Ltd.                                      1,000                        Shandong
   6     Gansu Puhua Stevioside Development Co., Ltd.                                   1,000                           Gansu
 Total                                                                                 10,000                                   /
Source: CCM International




                                                                           Stevia Export Analysis
                        CCM’s Trade Analysis
                        Announcement:                                      Neotame Export Report
                                                                           Sucralose Export Analysis
                         For more details, please contact CCM at
                         econtact@cnchemicals.com                          Aspartame Export Analysis




www.cnchemicals.com                                                CCM 4                            econtact@cnchemicals.com
Sweeteners China News
Vol.1 Issue 01 2011


                               Guilin Layn to turn loss into gain
 G     uilin Layn Natural Ingredients Corp. (Guilin Layn),
       engaged in production of plant extracts, may turn
 loss into gain in H2 2011, thanks to its rapidly increasing
                                                                total sales value of stevioside has reached about USD100
                                                                million in 2010 after FDA granted stevia sweetener
                                                                the GRAS certification in 2009, according to Mr. Liao,
 sales of momordica glycosides (a natural sweetener).           General Manager of Guilin Layn. Meanwhile, Guilin Layn
                                                                has been preparing for the construction of a new branch
 Although it is estimated that Guilin Layn's amount of loss     named Layn USA Inc. located in the US since Oct. 2010,
 may reach about USD1-1.5 million in H1 2011 according          in order to efficiently promote the momordica glycosides
 to its financial report of the first quarter of 2011, Guilin   in North America. It is predictable that Guilin Layn's
 Layn may successfully make a profit in light of the            sales value of momordica glycosides may obviously soar
 following factors.                                             in H2 2011.

 Natural sweeteners, such as momordica glycosides and           Moreover, Guilin Layn has completed the construction
 stevia sweetener, have become more and more popular            and started the trial running of new production lines
 among consumers in some developed countries in recent          in June 2010. Its processing capacity of raw materials
 years, such as the US, Japan and South Korea.                  will increase from 3,000t/a to 7,000t/a after the new
                                                                production lines are formally launched in H2 2011.
 Compared with artificial high intensity sweeteners,
 natural sweeteners are safer to be used as food additives.     Currently, Guilin Layn owns the extraction processes
 With the enhancement of consumers' health awareness            of about 200 kinds of plant extracts and 18 national
 in the world, more and more foods and health products          invention patents. Especially, Guilin Layn has got a
 will use natural sweeteners as additives.                      national invention patent of momordica glycosides
                                                                extraction as early as 2004, which has laid the root for
 Guilin Layn successfully got the GRAS (Generally               its currently leading position in Chinese momordica
 Recognized as Safe) certification of momordica glycosides      glycosides market. Moreover, Guilin is the major
 from FDA (Food and Drug Administration of the US) in           production area of grosvener siraitia and can provide
 April 2011, which is very helpful for Guilin Layn to enter     Guilin Layn with sufficient raw materials to produce
 the sweetener market in North America. Guilin Layn's           momordica glycosides.



         Mengzhou Huaxing launches trial production of aspartame
                            production lines
   M      engzhou Huaxing Co., Ltd. (Mengzhou Huaxing),
          a joint-stock enterprise engaged in the processing
   of grain, is putting its aspartame production lines into
                                                                (TABLE 3) in China by the end of 2010. Jiangsu
                                                                SinoSweet Co., Ltd. (Jiangsu SinoSweet) was the biggest
                                                                one with the capacity of 5,000t/a, accounting for about
   trial production.                                            32% of domestic total capacity. Moreover, Chinese
                                                                aspartame production was mainly concentrated in
   Mengzhou Huaxing began to construct the aspartame            Jiangsu Province.
   production lines with capacity of 6,000t/a and
   investment of about USD54 million at the end of Feb.         From 2006 to 2010, domestic capacity of aspartame
   2010 and it completed the construction at the end            had increased from 10,250t/a to 14,545t/a. As the
   of June 2011. Mengzhou Huaxing may become the                most popular HIS variety in the world, the demand for
   largest aspartame producer in China after it launches        aspartame is increasing year by year, thus stimulating
   the production lines in H2 2011. The company is              domestic aspartame production. Since it's approved by
   very optimistic about the prospect of aspartame and          the FDA to be used in food and beverage in 1981 and
   it expects to gain annual revenue of about USD107            1983 respectively, aspartame has been approved in
   million from the aspartame production lines in the           over 100 nations and used widely in candies, beverages
   future.                                                      and dairy products, etc. About 40% of aspartame is
                                                                consumed in sugar-free candies and gum candies,
   In China, the research on aspartame started in the           35% in beverages in the world. The US is the biggest
   early 1980s, but the industrial production had always        aspartame production and consumption country in the
   been restricted by the shortage of raw material, i.e.        world.
   L-phenylalanine (L-Phe), which is not relieved until the
   Twenty-First Century when the hydantoinase method            Moreover, the production of aspartame in China seems
   for the synthesis of L-Phe became mature in China.           to be more concentrated in some big producers such
                                                                as Jiangsu SinoSweet Co., Ltd., Jiangsu Changzhou
   There were mainly seven active aspartame producers           Niutang Chemical Plant Co., Ltd., etc. Some small ones




www.cnchemicals.com                                             CCM 5                          econtact@cnchemicals.com
Sweeteners China News
Vol.1 Issue 01 2011


have been gradually washed out of the market in recent             Based on the above facts, it can be predicted that the
years caused by the insufficient raw material supply and           competitiveness among domestic aspartame producers
global financial crisis.                                           may become more intense with Mengzhou Huaxing
                                                                   launching its aspartame production lines in the future.



                     TABLE 3: Basic information about major aspartame producers in China, 2010, t/a
     No.                       Company name                                  Capacity'10                  Location (Province/City)
      1     Jiangsu SinoSweet Co., Ltd.                                                         5,000                         Jiangsu
      2     Jiangsu Changzhou Niutang Chemical Plant Co., Ltd.                                  3,000                         Jiangsu
      3     Changzhou Yabang Kelong Co., Ltd.                                                   2,500                         Jiangsu
      4     Changmao Biochemical Engineering Co., Ltd.                                          2,000                         Jiangsu
      5     Shaoxing Yamei Biochemistry Co., Ltd.                                               1,000                        Zhejiang
      6     Beijing VitaSweet Co., Ltd.                                                         1,000                          Beijing
      7     Wujiang Dechang Food Additives Co., Ltd.                                               45                         Jiangsu
    Total                                                                                      14,545                                 /
Source: CCM International



                 Baolingbao smoothly expands erythritol capacity

  B   aolingbao Biology Co., Ltd. (Baolingbao), a leading
      Chinese producer of starch-based products and food
  ingredients, has been expanding its erythritol capacity,
                                                                   (TABLE 4) in China by the end of 2010, with total
                                                                   capacity and output of 18,500t/a and 4,780 tonnes in
                                                                   2010, respectively. The average operating rate of them
  and the total capacity will reach 4,000t/a by the end            is 25.84%, about 11% less than that of 2009. From 2006
  of August 2011, according to Mr. Fan, Manager of                 to 2010, the capacity of erythritol had grown rapidly,
  Baolingbao.                                                      while the growth of output had fallen behind. Besides,
                                                                   there were four producers, namely Zibo Zhongshi Green
  Baolingbao decided to invest about USD13.28 million              Biotech Co., Ltd., Shandong Futaste Pharmaceutical
  to expand its erythritol capacity to 4,000t/a at an              Co., Ltd., Shandong Binzhou Sanyuan Biotechnology
  extraordinary shareholders meeting in Feb. 2010. Then            Co., Ltd., O'Laughlin Industries Co., Ltd., use glucose to
  part of the erythritol expansion was finished in May 2010        produce erythritol in order to improve the production
  and put into production in Aug. 2010. By the end of Dec.         efficiency, while Baolingbao uses corn starch in its
  2010, the construction of erythritol capacity expansion          erythritol production, which is with lower cost compared
  has been finished completely. It is estimated that the           with that of using glucose.
  total erythritol capacity will reach 4,000t/a in Aug. 2011,
  which is four times of that in 2009.                             Moreover, in 2010, among the five main active erythritol
                                                                   producers (FIGURE 3), four are concentrated in
  Baolingbao believes that the erythritol industry will            Shandong Province; only one is located in Tianjin City.
  develop well in the future and the demand for erythritol         Because erythritol is a kind of sugar alcohol and the sugar
  will also increase. Moreover, since the overseas                 alcohol industry develops well in Shandong, most of the
  consumption is more than the domestic one now, with              erythritol producers choose to be located in Shandong.
  the increasing overseas demand for erythritol, the
  domestic erythritol industry will keep on developing.            All in all, it can be predicted that the erythritol industry
                                                                   in China will keep on developing in the future based on
  There were mainly five active erythritol producers               the facts above.


                        TABLE 4: Basic information about major erythritol producers in China, 2011
     No.                     Company name                          Abbreviation     Location            Status, '11    Raw material
      1     Zibo Zhongshi Green Biotech Co., Ltd.               Zibo Green Biotech Shandong               Active      Glucose
      2     Baolingbao Biology Co., Ltd.                        Baolingbao           Shandong             Active      Corn starch
      3     Shandong Futaste Pharmaceutical Co., Ltd.           Shandong Futaste     Shandong             Active      Glucose
      4     Shandong Binzhou Sanyuan Biotechnology Co., Ltd. Shandong Sanyuan Shandong                    Active      Glucose
      5     O'Laughlin Industries Co., Ltd.                     Tianjin O'Laughlin   Tianjin              Active      Glucose
  Source: CCM International




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Sweeteners China News
      Vol.1 Issue 01 2011


                          FIGURE 3: Distribution of erythritol production by output volume in China, 2010


                                                                            Shandong
                                                                             98.33%




                                                  Tianjin
                                                  1.67%




                          Source: CCM International




Raw Material Supply

                  GLG builds a breeding and cultivation centre of stevia

      G    LG Life Tech Corporation (GLG) has built a breeding
           and cultivation centre of stevia jointly with Anhui
      Science and Technology University in Anhui in June 2011.
                                                                       it is the first product that uses stevia sweetener instead of
                                                                       cane sugar. In addition, the stevia sweetener used in Zero
                                                                       Calorie is also produced by GLG. So it is predictable that
      And this centre is a unique provincial engineering research      the consumption volume of stevia sweetener will continue
      centre which is focused on breeding, cultivation and the         to increase along with the development of sugar-free foods
      breed improvement of stevia.                                     and beverages.

      GLG is a world leader in the production of high-quality          GLG builds the breeding and cultivation centre of stevia
      stevia, a zero-calorie and natural sweetener. Its vertically     for the following two goals.
      integrated operations include stevia seed breeding,
      propagation, growth and harvest, extraction, refining            First, the centre will improve the breeding to get new
      and formulation; its main business in China is breeding,         stevia species which have higher steviol glycosides content
      propagation of stevia and production of high quality stevia      in the leaves. And the major components in steviol
      sweetener. In light of the following two reasons, GLG            glycosides are stevioside and rebaudioside A (RA). Those
      believes that the stevia planting will develop well and the      new species can help stevia sweetener processors produce
      demand for stevia may keep increasing in the next several        high RA purity products. Moreover, the prices of high RA
      years, thus it has finally built this breeding and cultivation   purity products such as RA 80%, RA 90% and RA 95% are
      centre in Anhui.                                                 much higher than that of stevioside, that is to say, the new
                                                                       species can bring GLG higher profits.
      First, the export volume (FIGURE 4) of stevia sweetener
      has increased thanks to the growing overseas demand for          Second, the output of stevia will increase with the
      it in recent years. Currently, China has already become          improving stevia planting level through education and
      the largest stevia sweetener supplier in the world, and          training. What's more, the centre will help farmers learn
      around 80% of its total output of stevia sweetener is sold       new culture technique of stevia and prevent plant diseases
      to overseas market. Therefore, it reveals that the output        and insect damage.
      of stevia is also increasing since stevia sweetener is made
      from stevia, and that the stevia sweetener producers will        It is estimated that the planting industry of stevia will
      need more stevia as raw material.                                develop sustainably, then the output of stevia will also
                                                                       increase to ensure the supply. In fact, stevia is planted
      Moreover, the consumption volume of stevia sweetener in          by native farmers and then sold as a raw material to the
      China has also gradually increased for the development           domestic stevia sweetener producers. On one hand, the
      of sugar-free foods and beverages in recent years. Take          increasing demand from stevia sweetener drives the
      Zero Calorie as an example, which is a new brand of GLG,         producers to buy more stevia from farmers. On the other
      it has been launched in Chinese market in May 2011 and           hand, local governments also try their best to promote



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Sweeteners China News
      Vol.1 Issue 01 2011

                                                                       FIGURE 4: Export volume of stevia sweetener in China, 2008-
                                                                                                            2010
       the planting industry of stevia, because it can
       increase the income of farmers. For example,                                    4,000

       Government of Anhui Mingguang held a
       purchasing meeting of stevia on 4 May 2010                                      3,000




                                                                          Unit:tonne
       which aims to help farmers sell their stevia
       at a reasonable price and also to help stevia                                   2,000
       sweetener producers buy high quality stevia
       in the harvest season. That is to say, both the                                 1,000
       sweetener producers and the government are
       promoting the planting industry of stevia.                                          0
                                                                                                  2008          2009             2010



                                                                      Source: CCM International




Price Update
                        Ex-factory prices of Chinese sweeteners, June 2011
                                                                                                              Sweetness
                                                                                                                                 Price of unit
          No.                            Products                        Price in June 2011                 compared with
                                                                                                                                  sweetness
                                                                                                               sucrose
                                                                       (USD/t)                 (RMB/t)                              (USD/t)
            1      Sucrose                                                             1,115        7,225                   1                 1,115
            2      Steviol glycosides (RA95)                                 162,120            1,050,000                450                   360
            3      Sucralose                                                 102,676              665,000                600                   171
            4      Acesulfame-K                                                        8,183       53,000                200                     41
            5      Aspartame                                                     15,600           101,038                200                     78
            6      Glycyrrhizin (Tripotassium Glycyrrhinate)                     13,896            90,000                150                     93
            7      Saccharin                                                           5,200       33,679                300                     17
            8      Cyclamate (NF13)                                                    2,470       16,000                   30                   82
            9      Neotame                                                   100,230              650,000               8,000                    13
           10      Erythritol                                                          5,188       33,600                0.70                 7,411
           11      Mannitol                                                            3,011       19,500                0.60                 5,018
           12      Maltose syrup (80%)                                                  478         3,100                0.90                  531
           13      Sorbitol (70%)                                                       644         4,178                0.70                  920
           14      Xylitol (68%, Liquid)                                                918         5,953                0.90                 1,019
           15      HFCS (Fructose: 42%)                                                 509         3,300                    1                 509
           16      HFCS (Fructose: 55%)                                                 647         4,200                1.10                  588
           17      Crystal Isomaltitol                                                 4,639       30,100                0.55                 8,435
           18      Maltodextrin                                                         647         4,200                0.90                  719
           19      Maltitol (75%, Liquid )                                              727         4,718                0.90                  808
           20      Anhydrous glucose (Food grade)                                       848         5,500                0.74                 1,146
           21      Glucose Monohydrate                                                  632         4,100                0.74                  854
      Note: The data of price are collected on 13 June 2011, which are valid till 27 June 2011.
      Source: CCM International




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Sweeteners China News
      Vol.1 Issue 01 2011




Import & Export Analysis
          Import & export analysis of Chinese saccharin in Jan.-Apr. 2011

      Export analysis                                                  Major export destinations (TABLE 7)

                                                                     About 38% of China's saccharin for export was exported
        Export volume                                                to Germany, South Korea, Brazil, the US and India during
                                                                     Jan.-April 2011. Among these five countries, Germany

      C   hina's total saccharin export volume reached about
          4,844 tonnes in the first four months of 2011.
      Compared with the same period of last year, the growth
                                                                     imported about 14% of the total China's exported saccharin
                                                                     during the same period.

      rate of domestic saccharin export volume reached about
      19%. With domestic saccharin quality improving and the          TABLE 7: Major export destinations of China's saccharin,
      global economy recovering, it can be predicted that China's                              Jan.-Apr. 2011
      saccharin export may keep growing in the next several
      months in 2011.
                                                                        No.      Destination      Quantity, tonne       Value, USD
                                                                         1     Germany                           672        4,082,297
        Export price (TABLE 5)                                           2     South Korea                       385        2,212,497
                                                                         3     Brazil                            314        1,740,088
      China is an important saccharin producer and its average           4     US                                250        2,358,388
      export price of saccharin reached about USD5,833 during            5     India                             226        1,210,968
      Jan.-April 2011, which only increased by 4% year on year.          6     France                            200          993,913
      It may keep increasing in a narrow range in H2 2011 due to         7     Indonesia                         195        1,031,562
      the more and more serious inflation in China.                      8     Netherlands                       185        1,013,328
                                                                         9     Japan                             184        1,084,449
         TABLE 5: Export volume, value and price of China's             10     Thailand                          174        1,009,322
                        saccharin,Jan.-Apr. 2011                        11     UK                                172        1,058,905
       Month     Quantity, tonne      Value, USD     Price, USD/t       12     Spain                             136          777,720
       Jan-11                1,242         7,253,751         5,840      13     Mexico                            131          779,420
       Feb-11                  857         5,118,027         5,972      14     Pakistan                          122          627,460
       Mar-11                1,503         8,751,436         5,823      15     South Africa                      121          690,860
       Apr-11                1,242         7,129,551         5,740                  Others                     1,377        7,581,588
        Total                4,844        28,252,765         5,833     Total                                    4,844      28,252,765
      Source: CCM International                                      Source: CCM International

         Major export provinces (TABLE 6)                            Import analysis

      About 90% of the exported saccharin was exported from            Import volume
      Tianjin City, Henan Province and Shanghai City during
      Jan.-April 2011.                                               China's total saccharin import volume was only about 83
                                                                     tonnes in the first four months of 2011.
           TABLE 6: Export volume of major saccharin export
                provinces/cities in China, Jan.-Apr. 2011               Import price (TABLE 8)
        No.       Province/City Quantity, tonne    Value, USD
         1      Tianjin                    1,918       10,615,254    Compared with last year, China's average saccharin import
         2      Henan                      1,519        8,443,119    price sharply declined from about USD11,752/t to about
         3      Shanghai                     920        6,468,802    USD8,280/t in Jan.-April 2011, because of the recovery of
         4      Jiangsu                      191        1,018,764    domestic saccharin producers
         5      Shandong                      98          630,079
         6      Guangxi                       71          366,363
       Others                                127          710,384
        Total                             4,844       28,252,765
      Source: CCM International




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Sweeteners China News
Vol.1 Issue 01 2011

   TABLE 8: Import volume, value and price of China's                Major import origins (TABLE 10)
                 saccharin, Jan.-Apr. 2011
  Month    Quantity, tonne       Value, USD      Price, USD/t      About 89% of China's imported saccharin was from South
  Jan-11                 34              276,911          8,144    Korea during Jan.-April 2011.
  Feb-11                  2               19,215          9,608
  Mar-11                 43             312,572           7,269     TABLE 10: Major origins of China's imported saccharin,
  Apr-11                  4               78,580         19,645                            Jan.-Apr. 2011
   Total                 83             687,278           8,280       No.      Province        Quantity, tonne         Value, USD
Source: CCM International                                              1    Jiangsu                              73          531,103
                                                                       2    Guangdong                             4           20,378
  Major import destinations (TABLE 9)                                  3    Shandong                              4           69,028
                                                                     Others                                       2           66,769
About 90% of China's imported saccharin was imported by               Total                                      83          687,278
Jiangsu Province during Jan.-April 2011.                           Source: CCM International

 TABLE 9: Import volume of saccharin by main provinces
                  in China, Jan.-Apr. 2011
  No.      Country          Quantity, tonne      Value, USD
   1    South Korea                       75             587,932
   2    Germany                             4             37,068
   3    Singapore                           2              6,845
 Others                                     2             55,433
  Total                                   83            687,278
Source: CCM International



   Import & export analysis of Chinese cyclamate in Jan.-Apr. 2011

Export analysis                                                      Major export provinces (TABLE 12)

  Export volume                                                    About 90% of China's cyclamate for export was exported
                                                                   by Jiangsu Province, Shanxi Province and Guangdong

C   hina's total cyclamate export volume reached about
    8,853 tonnes in the first four months of 2011.
Although the export volume of cyclamate reduced by about
                                                                   Province during Jan.-April 2011, among which the
                                                                   cyclamate export volume of Jiangsu Province accounted
                                                                   for about 50% of the nation's total.
321 tonnes over the same period of last year, it may slowly
increase in H2 2011 thanks to the increasing demand for
cyclamate in the global market.                                        TABLE 12: Export volume of major cyclamate export
                                                                                provinces in China, Jan.-April 2011
  Export price (TABLE 11)                                             No.     Province/City Quantity, tonne           Value, USD
                                                                       1      Jiangsu                   4,416               8,019,698
The average export price of China's cyclamate has been                 2      Shanxi                    2,169               3,798,320
fluctuating in a narrow range since 2010, and it reached               3      Guangdong                 1,404               3,019,061
about USD1,860/t during Jan.-April 2011.                               4      Shandong                    497                 927,098
                                                                       5      Tianjin                     239                 440,048
                                                                     Others                               128                 258,003
   TABLE 11: Export volume, value and price of China's               Total                             8,853              16,462,228
                                                                   Source: CCM International
                 cyclamate, Jan.-April 2011
 Month     Quantity, tonne       Value, USD      Price, USD/t
                                                                     Major export destinations (TABLE 13)
 Jan-11                2,747         4,952,046            1,803
 Feb-11                1,611         2,964,567            1,840
 Mar-11                2,454         4,542,836            1,851    South Africa imported about 1,186 tonnes of cyclamate
 Apr-11                2,041         4,002,779            1,961    from China during Jan.-April 2011, which accounted for
  Total                8,853        16,462,228            1,860    about 13% of China's total cyclamate export volume.
Source: CCM International




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Sweeteners China News
     Vol.1 Issue 01 2011

                                  TABLE 13: Major export destinations of China's cyclamate, Jan.-April 2011


        No.                         Destination                      Quantity, tonne                    Value, USD
         1      South Africa                                                           1,186                            2,188,790
          2     Brazil                                                                   905                            1,701,830
          3     Argentina                                                                765                            1,390,667
          4     Pakistan                                                                 752                            1,288,490
          5     Germany                                                                  676                            1,347,116
          6     Turkey                                                                   602                            1,060,517
          7     Myanmar                                                                  572                              993,505
         8      Russia                                                                   342                              608,300
         9      Netherlands                                                              341                              707,508
         10     Vietnam                                                                  260                              465,884
         11     Indonesia                                                                244                              421,298
         12     Taiwan Province                                                          217                              371,389
         13     Malaysia                                                                 215                              401,297
         14     Bangladesh                                                               187                              332,179
         15     Bolivia                                                                  183                              379,520
       Others                                                                          1,406                            2,803,938
        Total                                                                          8,853                           16,462,228
      Source: CCM International

      Import analysis

      China's total cyclamate import volume was less than one tonne during Jan.-April 2011, thanks to the sufficient cyclamate
      supply in the domestic market.




Consumption Trend & Competitiveness



                    HIS believed to enjoy good development in the future

      H    igh intensity sweetener (HIS) industry has enjoyed
           a good development in the past years, and a survey
      by CCM highlights that the trend will continue in the next
                                                                       about the development of high intensity sweeteners
                                                                       (HIS) in China—the largest production and consumption
                                                                       country in Asia Pacific Area (AP), taking up 71.51% of
      3-5 years in China and Asia Pacific Area (AP) as most            the production in 2010 and 62.56% of the consumption
      respondents believed.                                            in 2009 in terms of volume respectively: amongst all the
                                                                       respondents, 70.83% of them believed that the demand
      HIS is an important class of sugar substitutes, and there        for HIS will grow in the next 3-5 years, while only 29.17%
      are nine kinds of commonly-used HIS in AP (an important          believed that the demand will remain stable, and no
      HIS production area in the world, whose total output             respondent preferred the choice of "the demand will
      accounts for over 50% of the global total as estimated),         decrease".
      including saccharin, cyclamate, acesulfame-K (Ace-K),
      stevia sweetener, aspartame, sucralose, glycyrrhizin,            With regard to the growth rate (FIGURE 5), 29.41%
      alitame and neotame.                                             of respondents deemed that the rate will exceed 10%,
                                                                       followed by 47.06% for growth rate of 5-10%, 23.53%
      CCM conducted a survey in its report Survey of High              for 3-5%. The wider application field of HIS, domestic
      Intensity Sweeteners in Asia Pacific launched in February        consumers' more attention to health food with low calorie
      2011, which is based on opinions of respondents from HIS         and cost reduction for downstream clients are the three
      industry around the country, including HIS processors            main drivers (FIGURE 6) for the increasing HIS demand
      (taking up 70.83% of the total number of respondents),           in the future, taking up 27.08%, 27.08% and 16.67% of the
      distributors (12.50%), downstream consumers (4.20%)              total respectively, followed by 12.5% for the choice "aided
      and other insiders (12.47%, such as experts and media,           by rapid development of China's economy", 8.33% for
      etc.).                                                           production cost decrease and 8.33% for consumers' better
                                                                       awareness about HIS.
      According to the survey, most respondents were optimistic

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Sweeteners China News
Vol.1 Issue 01 2011

  FIGURE 5: Industry’s opinions about the growth rate of          demand for HIS will increase.
      HIS development in China in the next 3-5 years

    Grow th rate of 3 -5%,
                                                                  The main drivers (FIGURE 8) for the increasing demand
           23.53%                         Grow th rate of 10%+,   for HIS in AP were cited as the higher cost performance
                                                 29.41%           compared with cane sugar (29.09%), the diet habit of low-
                                                                  calorie food (29.09%) and the promotion by ASEAN Free
                                                                  Trade Area (AFTA, 14.55%) , followed by the rapid recovery
                                                                  of economy in AP (12.73%) and the foreign consumers' diet
                                                                  habit of sweet food (12.73%).



                                                                    FIGURE 7: Industry’s opinions about the growth rate of
             Grow th rate of 5 - 10%,                                HIS development in Asia Pacific in the next 3-5 years
                     47.06%

Note: HIS means high intensify sweeteners, and the survey was
                                                                           Grow th rate of               Grow th rate of
conducted in 2011.                                                          1 - 3%, 21.05%                10%+, 21.05%
Source: CCM International

  FIGURE 6:Industry’s opinion about the drivers of HIS
        development in China in the next 3-5 years

                             Consum ers'
        Production              better
      expansion and           aw areness          Wider                  Grow th rate of
      cost reduction,                                                     3 - 5%, 31.58%           Grow th rate of
                            about HIS, 8.33% application field
           8.33%                                                                                   5 - 10%, 26.32%
                                              of HIS, 27.08%
Aided by China's
 rapid econom y
  developm ent,                                                   Note: HIS means high intensify sweeteners, and the survey was
     12.50%                                                       conducted in 2011.
                                                                  Source: CCM International
           Cost reduction                      Dom estic
          for dow nstream                     consum ers'
           clients, 16.67%                 m ore attention
                                                                    FIGURE 8: Industry’s opinions about the drivers of HIS
                                            to health food
                                           w ith low calorie,          development in Asia Pacific in the next 3-5 years
                                                 27.08%

Note: HIS means high intensify sweeteners, and the survey                    Foreign
                                                                                                               Higher cost
                was conducted in 2011.                                  consum ers' diet
                                                                                          Others, 1.82%       perform ance
Source: CCM International                                                habit for sw eet
                                                                                                             com pared w ith
                                                                           food, 12.73%
                                                                                                               cane sugar,
                                                                     Aided by rapid                               29.09%
Export of high intensity sweeteners (HIS) is one main
                                                                       recovery of
business of the respondents (mostly producers): 87.5% of
                                                                     econom y in AP,
them revealed that they exported HIS to foreign countries.                12.73%
And they are optimistic about the future development of
HIS in Asia Pacific Area (AP): 79.19% of the respondents                       Prom otion by
                                                                                ASEAN Free         Diet habit of low -
believed that the demand for HIS will grow in the next 3-5                                           calorie food,
                                                                                Trade Area,
years, while 20.83% for stable development and 0% for                                                    29.09%
                                                                                  14.55%
decreased demand.

For the export growth rate (FIGURE 7), 21.05% of                  Note: HIS means high intensify sweetener, and the survey was
respondents believed that the rate will exceed 10%,               conducted in 2011.
while 26.32% for 5-10%, 31.58% for 3-5% and 21.05%                Source: CCM International
for 1-3%. Indonesia, India and Japan, as the three main
consumption countries in AP besides China, are deemed
to consume more HIS in the future, taking up 12.75%,
14.71% and 10.78% of the total number of respondents,
while 14.71% of respondents took the view that Malaysia's




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Sweeteners China News Sample Issue

  • 1. Sweeteners China News Vol.1 Issue 1 2011 Copyright © CCM International Limited
  • 2. Sweeteners China News Vol.1 Issue 01 2011 Publication date: 20 June, 2011 CONTENTS Welcome to the June issue of Sweeteners China News, specially published by CCM International. News in Brief 1 Public notice on export quota bidding issued The average cane sugar price in China on 15 June 2011 was 1 Meilun Medical obtains government subsidy USD1,114/t (RMB7,217/t), down 4% over the average price 1 CFIA holds a meeting of starch sugar in Beijing on 10 November 2010—when the price is the highest in 1 Haizhina to build an organic maltose syrup project in Jiangxi the past several years, according to the China Sugar Index 1 Problems hinder domestic HFCS development from www.yntw.com—a famous sugar website in China. 1 Prices of corn starch and syrup may increase again in H2 2011 However, the current price still stays at a high level, and it Market Dynamic is estimated that the sugar price will remain at a high level 2 Overview of production and market of sucralose this year, higher than USD1,080/t (RMB7,000/t). Company Dynamic 3 Anhui Jinhe passes IPO examination and approval Certainly, such market situation provides an opportunity 4 Gansu Puhua to launch stevioside production lines for sweeteners—the sugar substitutes and most of them 5 Guilin Layn to turn loss into gain have lower unit sweetness price over sucrose. And the 5 Mengzhou Huaxing launches trial production of aspartame production lines players in the industry are optimistic about the future 6 Baolingbao smoothly expands erythritol capacity development of sweeteners, especially high intensity Raw Material Supply sweeteners (HIS, which is one main focus in this issue): 7 GLG builds a breeding and cultivation centre of stevia according to a survey from CCM which is also referred in the article below in this issue, most respondents believe Price Update 8 Ex-factory prices of Chinese sweeteners, June 2011 that HIS will perform well in China and Asia Pacific in the next 3-5 years. Meanwhile, the recent dynamics of many Import & Export Analysis processors, such as Anhui Jinhe, Mengzhou Huaxing and 9 Import & export analysis of Chinese saccharin in Jan.-Apr. 2011 Gansu Puhua, also prove that they are optimistic about the 10 Import & export analysis of Chinese cyclamate in Jan.-Apr. 2011 HIS segment, which is an apparent signal for the industry. Consumption Trend & Competitiveness 11 HIS believed to enjoy good development in the future If there are any specific topics you would like us to cover or investigate any of the subjects covered in more details, please contact us by +86-20-37616606, or econtact@ cnchemicals.com. Future of Functional Oligosaccharide Market CCM’s Market Reports in China Announcement Production and Market of Inulin in China For more details, please contact CCM at Production and Market of Sucralose in China econtact@cnchemicals.com CCM’s Market Reports The Survey of Sorbitol in Asia Pacific Announcement Production and Market of Xylitol in China For more details, please contact CCM at Production and market of Stevia Sweetener econtact@cnchemicals.com in China
  • 3. Sweeteners China News Vol.1 Issue 01 2011 Sweeteners China News at a glance CFIA holds a meeting of starch sugar China's sucralose industry will continue to develop in the next few years. in Beijing Anhui Jinhe has successfully passed the IPO examination and approval on May 20th 2011. O n 19 May 2011, China Fermentation Industry Association (CFIA) held a meeting of starch sugar in Beijing. The Secretary General of CFIA explained some national policies which are concerned with Guilin Layn may turn loss into gain in H2 2011, thanks to its the starch sugar industry. Most delegates believed that though rapidly increasing sales of momordica glycosides. the National Policy Adjustment of Corn Industry will bring some Mengzhou Huaxing is putting its aspartame production lines into unfavourable factors to the starch sugar industry, the government trial production. will strongly support the new industries including the starch sugar Gansu Puhua may launch its stevioside production lines in H2 industry in the future. That is to say, the starch sugar industry will 2011. face new challenges while enjoy new opportunities for development at the same time. Baolingbao has been expanding its erythritol capacity, which will reach 4,000t/a by Aug. 2011. GLG has built a breeding and cultivation centre of stevia in Anhui Haizhina to build an organic maltose in June 2011. The result of a survey by CCM shows that most respondents view syrup project in Jiangxi the demand for high intensity sweeteners in China and Asia Pacific Area will enjoy a good development in the future. I n late May 2011, Yiwu Haizhina Bioengineering Co., Ltd. (Haizhina), a producer and seller of rice protein, has signed a preliminary agreement with Wanzai Government which is located in Jiangxi Province. According to the agreement, Haizhina plans to invest USD23.19 million to build the first organic maltose syrup project in China; the organic maltose syrup capacity of the company will reach 20,000t/a when the project is finished. News in Brief Problems hinder domestic HFCS News in brief development D omestic High Fructose Corn Syrup (HFCS) Forum of Market and Development was held in Beijing on 19 May 2011. It is Public notice on export quota bidding reported that there are four problems that hinder the development of HFCS in the domestic market. issued Firstly, HFCS capacity is growing too fast.Secondly, raw materials I n late May 2011, the Ministry of Commerce (MOC) issued a public notice, according to which, from June 2011, the government would issue a bidding announcement about 2011's export quota of licorice of HFCS are lacking in supply.Thirdly, downstream application is limited.Finally, government toughens the policies on environmental protection, so producers need to make more efforts to meet the and licorice products; those processors who meet the requirements requirements of environmental protection and energy saving. in the notice can send their applications to the provincial office of MOC to bid for the export quota. Prices of corn starch and syrup may Meilun Medical obtains government increase again in H2 2011 subsidy M r. Kong, President of Global Sweeteners Holdings Limited (Global Sweeteners), predicts that prices of corn starch and I n early June 2011, Tianjin Meilun Medical Co., Ltd. (Meilun Medical), a private pharmaceutical company based in Tianjin, revealed that the company obtained a subsidy of about USD0.77 syrup will both increase again in H2 2011, since the purchase price of corn may increase by 15% in 2011. Besides, Global Sweeteners plans to build a new production line of 55% high fructose corn syrup million (RMB5 million) from the local government, because the with the capacity of 100,000t/a in Q1 2012 and expand its crystalline company invested a lot and successfully launched a new production glucose capacity by 100,000t/a in the future. system which can produce premium stevioside. The company’s premium stevioside includes two types: one type is with glucoside content and stevioside A (Reb-A) content of 99%+ and 95%+ respectively, and the other is with glucoside content and Reb-A content of 95%+ and 90%+ respectively. www.cnchemicals.com CCM 1 econtact@cnchemicals.com 1
  • 4. Sweeteners China News Vol.1 Issue 01 2011 Market Dynamic Overview of production and market of sucralose C urrently, with the increasing overseas sucralose demand, Chinese producers have been actively operating FIGURE 1: Export volume of sucralose in China, 2006-2010 2,000 their sucralose production lines or expanding their sucralose capacity since domestic sucralose producers effectively 1,600 won the No.337-TA-604 investigation launched by Tate & Lyle in the US on 6 Unit:tonne 1,200 April 2009. And the export volume of sucralose has a rapid growth after 2009. 800 JK Sucralose Inc. (JK Sucralose), the largest professional sucralose 400 manufacturer in China and the second largest in the world, has finished the second phase project in June 2010 and 0 has successfully achieved the expected 2006 2007 2008 2009 2010 capacity in May 2011. Meanwhile, in Capacity: t/a Output : tonne order to meet the increasing market demand for sucralose, JK Sucralose has Source: CCM International started the third phase project which includes three production lines. It is estimated that the sucralose capacity will FIGURE 2: Sucralose production in China, 2006-2010 get 800t/a by the end of 2011, then to 1,000t/a by the end of 2012 and finally 500 reach 4,000t/a by the end of 2018. 400 Changzhou Niutang Chemical Plant Co., Ltd. (Changzhou Nituang), one of the Unit:tonne 300 major domestic sucralose producers, has a subsidiary engaged in sucralose 200 production, namely Nantong Changhai Food Additive Co., Ltd. (Nantong 100 Changhai). In 2010, the sucralose capacity and output of Changzhou 0 Niutang are 100t/a and 60 tonnes, 2006 2007 2008 2009 2010 while those of Nantong Changhai are 100t/a and 50 tonnes, respectively. What's more, it is reported that Source: CCM International Changzhou Niutang planned to expand its sucralose capacity by 1,000t/a. Then, sucralose capacity and output are sucralose is more than 600 tonnes, it is estimated that the total capacity of 300t/a and 60 tonnes, respectively, increasing by about 50% over 2009 Changzhou Niutang will reach 1,100t/a and it has planned to further expand its thanks to the recovered demand from when the expansion is finished. sucralose capacity in the future, based overseas market. on the currently increasing demand for Techno (Fujian) Biotechnology Co., sucralose. Currently, China has witnessed booming Ltd. (Fujian Techno), also one of the sucralose export. From 2006 to 2010, major domestic sucralose producers, The chart (FIGURE 1) shows that both the export volume (FIGURE 2) showed is a subsidiary of Techno (Guangzhou) the output and capacity of sucralose a general trend of escalation, though Biotechnology Co., Ltd. (Guangzhou in China have increased from 2006 in 2009 it decreased a little than that Techno). In 2010, Fujian Techno's to 2010. And in 2010, the output of in 2008. Because of the 337 patent www.cnchemicals.com CCM 2 econtact@cnchemicals.com
  • 5. Sweeteners China News Vol.1 Issue 01 2011 investigation which hit China's sucralose market from capacity utilization is raised, the total capacity of sucralose 2008 to 2009, producers in China exported less sucralose. will increase a lot. Because the price of sugar in China After Chinese producers won the investigation on 6 April still stays at a high level even though the government has 2009, domestic export has gradually recovered and a new already taken action to stabilize it, more and more food export record is set in 2010. Since sucralose is widely producers will prefer to choose high intensity sweeteners used, the export is promoted with its increasing overseas (HIS), which can significantly decrease the production demand. cost compared with that of using sugar. Therefore, this situation is favorable to the consumption of HIS. With Generally, it is estimated that China's sucralose industry the development of sugar-free foods and the extensive will develop gradually in the future. When the processing application of HIS, the demand for sucralose both at home construction projects of sucralose is finished and the and abroad will grow in the next few years. Company Dynamic Anhui Jinhe passes IPO examination and approval A nhui Jinhe Industrial Co., Ltd. (Anhui Jinhe), engaged in producing acesulfame-K, maltol and ethyl maltol, has successfully passed IPO (Initial Public Offerings) acesulfam-K's quality in recent years, which strengthens its competitiveness in the acesulfame-K market. Meanwhile, Anhui Jinhe had increased its acesulfame-K capacity from examination and approval on May 20th 2011. 1,800t/a in 2008 to 4,000t/a in 2009. In order to expand the market share of acesulfame-K in sweetener market, Anhui Jinhe plans to raise about USD111 million through Anhui Jinhe expects to expand the acesulfam-K capacity as IPO to expand its acesulfame-K capacity from 4,000t/a soon as possible. to 9,000t/a and to construct a new workshop of calcium ammonium nitrate with the capacity of 200,000t/a. Anhui From 2006 to 2010, the capacity of acesulfame-K has Jinhe may formally issue its stocks at Shenzhen Stock increased from 13,620t/a to 20,520t/a with a CAGR of Exchange before the end of 2011 thanks to the following 10.79%, while the output has decreased from 7,325 tonnes advantages: steadily increasing assets, sufficient circulating to 4,185 tonnes with a CAGR of -13.06%. Before 2008, funds, strong debt paying ability and excellent profitability seeing the price increasing year by year, some producers forecast on the core businesses, especially acesulfame-K. poured in acesulfame-K production or excessively enlarged their production capacity. At that time, intense competition Major reasons for Anhui Jinhe's expansion in acesulfame-K between producers and the impact from overseas rivals capacity are as follows. have led to the oversupply in the acesulfame-K industry, resulting in low operating rate and shrunken output. Demand for acesulfame-K has been increasing because What's worse, the global financial crisis since 2008 has of the fast growth of China's food industry especially the impacted the development of Chinese acesulfame-K beverage industry in recent years. industry; demand both at home and overseas is not as brisk as it was in previous years. As a safe sugar substitute, demand for acesulfame-K from above 100 million of domestic diabetics has also been However, Anhui Jinhe will face some risks, such as increasing. much stricter supervision on food additives, fluctuating cyclamate price and RMB exchange rate. Anhui Jinhe has been investing in the improvement of TABLE 1: Basic information about major acesulfam-K producers in China, 2011 No. Company name Abbreviation Location Capacity '11 1 Suzhou Hope Technology Co., Ltd. Suzhou Hope Jiangsu 10,000 2 Anhui Jinhe Industrial Co., Ltd. Anhui Jinhe Anhui 4,000 3 Shandong Minghui Food Co., Ltd. Shandong Minghui Shandong 2,500 4 Zhejiang Hangzhou Sanhe Food Co., Ltd. Hangzhou Sanhe Zhejiang 2,000 5 Beijing VitaSweet Co., Ltd. Beijing VitaSweet Beijing 1,200 6 Jiangsu Suzhou Peacock Food Additive Co., Ltd. Suzhou Peacock Jiangsu 1,500 7 Jiangxi Beiyang Food Addiitive Co., Ltd. Jiangxi Beiyang Jiangxi 1,000 8 Shandong Zibo Golden Science Industry & Trade Co., Ltd. Zibo Golden Shandong 200 9 Guangdong L&P Food Ingredient Co., Ltd. Guangdong L&P Guangdong 120 Total 22,520 Source: CCM International www.cnchemicals.com CCM 3 econtact@cnchemicals.com
  • 6. Sweeteners China News Vol.1 Issue 01 2011 Gansu Puhua to launch stevioside production lines G ansu Puhua Stevioside Development Co., Ltd. (Gansu Puhua), engaged in stevioside production, may launch its stevioside production lines in H2 2011. Gansu Puhua will become one of the top six domestic stevioside producers (TABLE 2) each with the capacity of above 1,000t/a in China after it launches its production lines. There are mainly 25 active stevia Gansu Puhua with the total investment of about USD19 sweetener producers in China by now. PureCircle million was set up in July 2010 and its five investors (Jiangxi) Co., Ltd. is the biggest one, whose capacity include: Gansu Pharmaceutical Alkali Factory (Gansu and output reached 4,000t/a and 1,400 tonnes in 2010, Pharmaceutical Alkali), Gansu Agricultural Reclamation accounting for 29.68% and 35.80% of the total domestic Group Co., Ltd. (Gansu Agricultural Reclamation Group), capacity and output of stevia sweetener, respectively. Chengdu Wagott Pharmaceutical Co., Ltd.(Chengdu Moreover, China's stevia sweetener production is mainly Wagott), Gansu Yasheng Industrial (Group) Co., Ltd. concentrated in Jiangxi Province and Shandong Province. (Gansu Yasheng) and Gansu Puli Health Products Co., Ltd. (Gansu Puli). Gansu Agricultural Reclamation As a natural kind of high intensity sweetener (HIS), Group is the controlling shareholder of both Gansu stevia sweetener's usage has been approved by more Pharmaceutical Alkali and Gansu Yasheng, and these and more countries and it has been becoming more and three companies together hold 70% of Gansu Puhua's more popular in overseas market. Currently, China is total shares. Moreover, Chengdu Wagott, engaged in the largest stevia sweetener supplier in the world, and production of plant extracts, holds 20% of Gansu Puhua's around 80% of its total output of stevia sweetener is sold total shares and it is also a stevioside producer with a to overseas market. From 2006 to 2010, the capacity capacity of 200t/a. of stevia sweetener has increased from 5,160t/a to 13,475t/a with a CAGR of 27.12%. The booming domestic Gansu Puhua started the construction of stevioside production is mainly driven by the rising demand from production lines with total capacity of 1,000t/a at the foreign countries; nowadays, foreigners prefer natural end of July 2010. Currently, The company has completed food additives to artificial ones. The US, Japan and South the construction of stevioside production lines and may Korea are the most important stevia sweetener markets launch them in H2 2011. Meanwhile, Gansu Puhua has in the world. China's stevia sweetener is mainly exported built a stevia planting base with the total building area to neighboring countries and North America in the past of about 667 hectares, in order to provide steady and three years. Malaysia, the US, Mexico, South Korea and sufficient raw materials to its own stevioside production Japan are the most important export destinations of in the future. China's stevia sweetener. TABLE 2: Basic information about major stevioside producers in China, 2011 No. Company name Capacity '11 Location 1 PureCircle (Jiangxi ) Co., Ltd. 4,000 Jiangxi 2 Dongtai Runyang Stevia High Tech Co., Ltd. 2,000 Jiangsu 3 Shandong Huaxian Stevia Co., Ltd. 1,000 Shandong 4 Qingdao Runde Biotechnology Co., Ltd. 1,000 Shandong 5 Shandong Haigen Stevia Products Co., Ltd. 1,000 Shandong 6 Gansu Puhua Stevioside Development Co., Ltd. 1,000 Gansu Total 10,000 / Source: CCM International Stevia Export Analysis CCM’s Trade Analysis Announcement: Neotame Export Report Sucralose Export Analysis For more details, please contact CCM at econtact@cnchemicals.com Aspartame Export Analysis www.cnchemicals.com CCM 4 econtact@cnchemicals.com
  • 7. Sweeteners China News Vol.1 Issue 01 2011 Guilin Layn to turn loss into gain G uilin Layn Natural Ingredients Corp. (Guilin Layn), engaged in production of plant extracts, may turn loss into gain in H2 2011, thanks to its rapidly increasing total sales value of stevioside has reached about USD100 million in 2010 after FDA granted stevia sweetener the GRAS certification in 2009, according to Mr. Liao, sales of momordica glycosides (a natural sweetener). General Manager of Guilin Layn. Meanwhile, Guilin Layn has been preparing for the construction of a new branch Although it is estimated that Guilin Layn's amount of loss named Layn USA Inc. located in the US since Oct. 2010, may reach about USD1-1.5 million in H1 2011 according in order to efficiently promote the momordica glycosides to its financial report of the first quarter of 2011, Guilin in North America. It is predictable that Guilin Layn's Layn may successfully make a profit in light of the sales value of momordica glycosides may obviously soar following factors. in H2 2011. Natural sweeteners, such as momordica glycosides and Moreover, Guilin Layn has completed the construction stevia sweetener, have become more and more popular and started the trial running of new production lines among consumers in some developed countries in recent in June 2010. Its processing capacity of raw materials years, such as the US, Japan and South Korea. will increase from 3,000t/a to 7,000t/a after the new production lines are formally launched in H2 2011. Compared with artificial high intensity sweeteners, natural sweeteners are safer to be used as food additives. Currently, Guilin Layn owns the extraction processes With the enhancement of consumers' health awareness of about 200 kinds of plant extracts and 18 national in the world, more and more foods and health products invention patents. Especially, Guilin Layn has got a will use natural sweeteners as additives. national invention patent of momordica glycosides extraction as early as 2004, which has laid the root for Guilin Layn successfully got the GRAS (Generally its currently leading position in Chinese momordica Recognized as Safe) certification of momordica glycosides glycosides market. Moreover, Guilin is the major from FDA (Food and Drug Administration of the US) in production area of grosvener siraitia and can provide April 2011, which is very helpful for Guilin Layn to enter Guilin Layn with sufficient raw materials to produce the sweetener market in North America. Guilin Layn's momordica glycosides. Mengzhou Huaxing launches trial production of aspartame production lines M engzhou Huaxing Co., Ltd. (Mengzhou Huaxing), a joint-stock enterprise engaged in the processing of grain, is putting its aspartame production lines into (TABLE 3) in China by the end of 2010. Jiangsu SinoSweet Co., Ltd. (Jiangsu SinoSweet) was the biggest one with the capacity of 5,000t/a, accounting for about trial production. 32% of domestic total capacity. Moreover, Chinese aspartame production was mainly concentrated in Mengzhou Huaxing began to construct the aspartame Jiangsu Province. production lines with capacity of 6,000t/a and investment of about USD54 million at the end of Feb. From 2006 to 2010, domestic capacity of aspartame 2010 and it completed the construction at the end had increased from 10,250t/a to 14,545t/a. As the of June 2011. Mengzhou Huaxing may become the most popular HIS variety in the world, the demand for largest aspartame producer in China after it launches aspartame is increasing year by year, thus stimulating the production lines in H2 2011. The company is domestic aspartame production. Since it's approved by very optimistic about the prospect of aspartame and the FDA to be used in food and beverage in 1981 and it expects to gain annual revenue of about USD107 1983 respectively, aspartame has been approved in million from the aspartame production lines in the over 100 nations and used widely in candies, beverages future. and dairy products, etc. About 40% of aspartame is consumed in sugar-free candies and gum candies, In China, the research on aspartame started in the 35% in beverages in the world. The US is the biggest early 1980s, but the industrial production had always aspartame production and consumption country in the been restricted by the shortage of raw material, i.e. world. L-phenylalanine (L-Phe), which is not relieved until the Twenty-First Century when the hydantoinase method Moreover, the production of aspartame in China seems for the synthesis of L-Phe became mature in China. to be more concentrated in some big producers such as Jiangsu SinoSweet Co., Ltd., Jiangsu Changzhou There were mainly seven active aspartame producers Niutang Chemical Plant Co., Ltd., etc. Some small ones www.cnchemicals.com CCM 5 econtact@cnchemicals.com
  • 8. Sweeteners China News Vol.1 Issue 01 2011 have been gradually washed out of the market in recent Based on the above facts, it can be predicted that the years caused by the insufficient raw material supply and competitiveness among domestic aspartame producers global financial crisis. may become more intense with Mengzhou Huaxing launching its aspartame production lines in the future. TABLE 3: Basic information about major aspartame producers in China, 2010, t/a No. Company name Capacity'10 Location (Province/City) 1 Jiangsu SinoSweet Co., Ltd. 5,000 Jiangsu 2 Jiangsu Changzhou Niutang Chemical Plant Co., Ltd. 3,000 Jiangsu 3 Changzhou Yabang Kelong Co., Ltd. 2,500 Jiangsu 4 Changmao Biochemical Engineering Co., Ltd. 2,000 Jiangsu 5 Shaoxing Yamei Biochemistry Co., Ltd. 1,000 Zhejiang 6 Beijing VitaSweet Co., Ltd. 1,000 Beijing 7 Wujiang Dechang Food Additives Co., Ltd. 45 Jiangsu Total 14,545 / Source: CCM International Baolingbao smoothly expands erythritol capacity B aolingbao Biology Co., Ltd. (Baolingbao), a leading Chinese producer of starch-based products and food ingredients, has been expanding its erythritol capacity, (TABLE 4) in China by the end of 2010, with total capacity and output of 18,500t/a and 4,780 tonnes in 2010, respectively. The average operating rate of them and the total capacity will reach 4,000t/a by the end is 25.84%, about 11% less than that of 2009. From 2006 of August 2011, according to Mr. Fan, Manager of to 2010, the capacity of erythritol had grown rapidly, Baolingbao. while the growth of output had fallen behind. Besides, there were four producers, namely Zibo Zhongshi Green Baolingbao decided to invest about USD13.28 million Biotech Co., Ltd., Shandong Futaste Pharmaceutical to expand its erythritol capacity to 4,000t/a at an Co., Ltd., Shandong Binzhou Sanyuan Biotechnology extraordinary shareholders meeting in Feb. 2010. Then Co., Ltd., O'Laughlin Industries Co., Ltd., use glucose to part of the erythritol expansion was finished in May 2010 produce erythritol in order to improve the production and put into production in Aug. 2010. By the end of Dec. efficiency, while Baolingbao uses corn starch in its 2010, the construction of erythritol capacity expansion erythritol production, which is with lower cost compared has been finished completely. It is estimated that the with that of using glucose. total erythritol capacity will reach 4,000t/a in Aug. 2011, which is four times of that in 2009. Moreover, in 2010, among the five main active erythritol producers (FIGURE 3), four are concentrated in Baolingbao believes that the erythritol industry will Shandong Province; only one is located in Tianjin City. develop well in the future and the demand for erythritol Because erythritol is a kind of sugar alcohol and the sugar will also increase. Moreover, since the overseas alcohol industry develops well in Shandong, most of the consumption is more than the domestic one now, with erythritol producers choose to be located in Shandong. the increasing overseas demand for erythritol, the domestic erythritol industry will keep on developing. All in all, it can be predicted that the erythritol industry in China will keep on developing in the future based on There were mainly five active erythritol producers the facts above. TABLE 4: Basic information about major erythritol producers in China, 2011 No. Company name Abbreviation Location Status, '11 Raw material 1 Zibo Zhongshi Green Biotech Co., Ltd. Zibo Green Biotech Shandong Active Glucose 2 Baolingbao Biology Co., Ltd. Baolingbao Shandong Active Corn starch 3 Shandong Futaste Pharmaceutical Co., Ltd. Shandong Futaste Shandong Active Glucose 4 Shandong Binzhou Sanyuan Biotechnology Co., Ltd. Shandong Sanyuan Shandong Active Glucose 5 O'Laughlin Industries Co., Ltd. Tianjin O'Laughlin Tianjin Active Glucose Source: CCM International www.cnchemicals.com CCM 6 econtact@cnchemicals.com
  • 9. Sweeteners China News Vol.1 Issue 01 2011 FIGURE 3: Distribution of erythritol production by output volume in China, 2010 Shandong 98.33% Tianjin 1.67% Source: CCM International Raw Material Supply GLG builds a breeding and cultivation centre of stevia G LG Life Tech Corporation (GLG) has built a breeding and cultivation centre of stevia jointly with Anhui Science and Technology University in Anhui in June 2011. it is the first product that uses stevia sweetener instead of cane sugar. In addition, the stevia sweetener used in Zero Calorie is also produced by GLG. So it is predictable that And this centre is a unique provincial engineering research the consumption volume of stevia sweetener will continue centre which is focused on breeding, cultivation and the to increase along with the development of sugar-free foods breed improvement of stevia. and beverages. GLG is a world leader in the production of high-quality GLG builds the breeding and cultivation centre of stevia stevia, a zero-calorie and natural sweetener. Its vertically for the following two goals. integrated operations include stevia seed breeding, propagation, growth and harvest, extraction, refining First, the centre will improve the breeding to get new and formulation; its main business in China is breeding, stevia species which have higher steviol glycosides content propagation of stevia and production of high quality stevia in the leaves. And the major components in steviol sweetener. In light of the following two reasons, GLG glycosides are stevioside and rebaudioside A (RA). Those believes that the stevia planting will develop well and the new species can help stevia sweetener processors produce demand for stevia may keep increasing in the next several high RA purity products. Moreover, the prices of high RA years, thus it has finally built this breeding and cultivation purity products such as RA 80%, RA 90% and RA 95% are centre in Anhui. much higher than that of stevioside, that is to say, the new species can bring GLG higher profits. First, the export volume (FIGURE 4) of stevia sweetener has increased thanks to the growing overseas demand for Second, the output of stevia will increase with the it in recent years. Currently, China has already become improving stevia planting level through education and the largest stevia sweetener supplier in the world, and training. What's more, the centre will help farmers learn around 80% of its total output of stevia sweetener is sold new culture technique of stevia and prevent plant diseases to overseas market. Therefore, it reveals that the output and insect damage. of stevia is also increasing since stevia sweetener is made from stevia, and that the stevia sweetener producers will It is estimated that the planting industry of stevia will need more stevia as raw material. develop sustainably, then the output of stevia will also increase to ensure the supply. In fact, stevia is planted Moreover, the consumption volume of stevia sweetener in by native farmers and then sold as a raw material to the China has also gradually increased for the development domestic stevia sweetener producers. On one hand, the of sugar-free foods and beverages in recent years. Take increasing demand from stevia sweetener drives the Zero Calorie as an example, which is a new brand of GLG, producers to buy more stevia from farmers. On the other it has been launched in Chinese market in May 2011 and hand, local governments also try their best to promote www.cnchemicals.com CCM 7 econtact@cnchemicals.com
  • 10. Sweeteners China News Vol.1 Issue 01 2011 FIGURE 4: Export volume of stevia sweetener in China, 2008- 2010 the planting industry of stevia, because it can increase the income of farmers. For example, 4,000 Government of Anhui Mingguang held a purchasing meeting of stevia on 4 May 2010 3,000 Unit:tonne which aims to help farmers sell their stevia at a reasonable price and also to help stevia 2,000 sweetener producers buy high quality stevia in the harvest season. That is to say, both the 1,000 sweetener producers and the government are promoting the planting industry of stevia. 0 2008 2009 2010 Source: CCM International Price Update Ex-factory prices of Chinese sweeteners, June 2011 Sweetness Price of unit No. Products Price in June 2011 compared with sweetness sucrose (USD/t) (RMB/t) (USD/t) 1 Sucrose 1,115 7,225 1 1,115 2 Steviol glycosides (RA95) 162,120 1,050,000 450 360 3 Sucralose 102,676 665,000 600 171 4 Acesulfame-K 8,183 53,000 200 41 5 Aspartame 15,600 101,038 200 78 6 Glycyrrhizin (Tripotassium Glycyrrhinate) 13,896 90,000 150 93 7 Saccharin 5,200 33,679 300 17 8 Cyclamate (NF13) 2,470 16,000 30 82 9 Neotame 100,230 650,000 8,000 13 10 Erythritol 5,188 33,600 0.70 7,411 11 Mannitol 3,011 19,500 0.60 5,018 12 Maltose syrup (80%) 478 3,100 0.90 531 13 Sorbitol (70%) 644 4,178 0.70 920 14 Xylitol (68%, Liquid) 918 5,953 0.90 1,019 15 HFCS (Fructose: 42%) 509 3,300 1 509 16 HFCS (Fructose: 55%) 647 4,200 1.10 588 17 Crystal Isomaltitol 4,639 30,100 0.55 8,435 18 Maltodextrin 647 4,200 0.90 719 19 Maltitol (75%, Liquid ) 727 4,718 0.90 808 20 Anhydrous glucose (Food grade) 848 5,500 0.74 1,146 21 Glucose Monohydrate 632 4,100 0.74 854 Note: The data of price are collected on 13 June 2011, which are valid till 27 June 2011. Source: CCM International www.cnchemicals.com CCM 8 econtact@cnchemicals.com
  • 11. Sweeteners China News Vol.1 Issue 01 2011 Import & Export Analysis Import & export analysis of Chinese saccharin in Jan.-Apr. 2011 Export analysis Major export destinations (TABLE 7) About 38% of China's saccharin for export was exported Export volume to Germany, South Korea, Brazil, the US and India during Jan.-April 2011. Among these five countries, Germany C hina's total saccharin export volume reached about 4,844 tonnes in the first four months of 2011. Compared with the same period of last year, the growth imported about 14% of the total China's exported saccharin during the same period. rate of domestic saccharin export volume reached about 19%. With domestic saccharin quality improving and the TABLE 7: Major export destinations of China's saccharin, global economy recovering, it can be predicted that China's Jan.-Apr. 2011 saccharin export may keep growing in the next several months in 2011. No. Destination Quantity, tonne Value, USD 1 Germany 672 4,082,297 Export price (TABLE 5) 2 South Korea 385 2,212,497 3 Brazil 314 1,740,088 China is an important saccharin producer and its average 4 US 250 2,358,388 export price of saccharin reached about USD5,833 during 5 India 226 1,210,968 Jan.-April 2011, which only increased by 4% year on year. 6 France 200 993,913 It may keep increasing in a narrow range in H2 2011 due to 7 Indonesia 195 1,031,562 the more and more serious inflation in China. 8 Netherlands 185 1,013,328 9 Japan 184 1,084,449 TABLE 5: Export volume, value and price of China's 10 Thailand 174 1,009,322 saccharin,Jan.-Apr. 2011 11 UK 172 1,058,905 Month Quantity, tonne Value, USD Price, USD/t 12 Spain 136 777,720 Jan-11 1,242 7,253,751 5,840 13 Mexico 131 779,420 Feb-11 857 5,118,027 5,972 14 Pakistan 122 627,460 Mar-11 1,503 8,751,436 5,823 15 South Africa 121 690,860 Apr-11 1,242 7,129,551 5,740 Others 1,377 7,581,588 Total 4,844 28,252,765 5,833 Total 4,844 28,252,765 Source: CCM International Source: CCM International Major export provinces (TABLE 6) Import analysis About 90% of the exported saccharin was exported from Import volume Tianjin City, Henan Province and Shanghai City during Jan.-April 2011. China's total saccharin import volume was only about 83 tonnes in the first four months of 2011. TABLE 6: Export volume of major saccharin export provinces/cities in China, Jan.-Apr. 2011 Import price (TABLE 8) No. Province/City Quantity, tonne Value, USD 1 Tianjin 1,918 10,615,254 Compared with last year, China's average saccharin import 2 Henan 1,519 8,443,119 price sharply declined from about USD11,752/t to about 3 Shanghai 920 6,468,802 USD8,280/t in Jan.-April 2011, because of the recovery of 4 Jiangsu 191 1,018,764 domestic saccharin producers 5 Shandong 98 630,079 6 Guangxi 71 366,363 Others 127 710,384 Total 4,844 28,252,765 Source: CCM International www.cnchemicals.com CCM 9 econtact@cnchemicals.com
  • 12. Sweeteners China News Vol.1 Issue 01 2011 TABLE 8: Import volume, value and price of China's Major import origins (TABLE 10) saccharin, Jan.-Apr. 2011 Month Quantity, tonne Value, USD Price, USD/t About 89% of China's imported saccharin was from South Jan-11 34 276,911 8,144 Korea during Jan.-April 2011. Feb-11 2 19,215 9,608 Mar-11 43 312,572 7,269 TABLE 10: Major origins of China's imported saccharin, Apr-11 4 78,580 19,645 Jan.-Apr. 2011 Total 83 687,278 8,280 No. Province Quantity, tonne Value, USD Source: CCM International 1 Jiangsu 73 531,103 2 Guangdong 4 20,378 Major import destinations (TABLE 9) 3 Shandong 4 69,028 Others 2 66,769 About 90% of China's imported saccharin was imported by Total 83 687,278 Jiangsu Province during Jan.-April 2011. Source: CCM International TABLE 9: Import volume of saccharin by main provinces in China, Jan.-Apr. 2011 No. Country Quantity, tonne Value, USD 1 South Korea 75 587,932 2 Germany 4 37,068 3 Singapore 2 6,845 Others 2 55,433 Total 83 687,278 Source: CCM International Import & export analysis of Chinese cyclamate in Jan.-Apr. 2011 Export analysis Major export provinces (TABLE 12) Export volume About 90% of China's cyclamate for export was exported by Jiangsu Province, Shanxi Province and Guangdong C hina's total cyclamate export volume reached about 8,853 tonnes in the first four months of 2011. Although the export volume of cyclamate reduced by about Province during Jan.-April 2011, among which the cyclamate export volume of Jiangsu Province accounted for about 50% of the nation's total. 321 tonnes over the same period of last year, it may slowly increase in H2 2011 thanks to the increasing demand for cyclamate in the global market. TABLE 12: Export volume of major cyclamate export provinces in China, Jan.-April 2011 Export price (TABLE 11) No. Province/City Quantity, tonne Value, USD 1 Jiangsu 4,416 8,019,698 The average export price of China's cyclamate has been 2 Shanxi 2,169 3,798,320 fluctuating in a narrow range since 2010, and it reached 3 Guangdong 1,404 3,019,061 about USD1,860/t during Jan.-April 2011. 4 Shandong 497 927,098 5 Tianjin 239 440,048 Others 128 258,003 TABLE 11: Export volume, value and price of China's Total 8,853 16,462,228 Source: CCM International cyclamate, Jan.-April 2011 Month Quantity, tonne Value, USD Price, USD/t Major export destinations (TABLE 13) Jan-11 2,747 4,952,046 1,803 Feb-11 1,611 2,964,567 1,840 Mar-11 2,454 4,542,836 1,851 South Africa imported about 1,186 tonnes of cyclamate Apr-11 2,041 4,002,779 1,961 from China during Jan.-April 2011, which accounted for Total 8,853 16,462,228 1,860 about 13% of China's total cyclamate export volume. Source: CCM International www.cnchemicals.com CCM 10 econtact@cnchemicals.com
  • 13. Sweeteners China News Vol.1 Issue 01 2011 TABLE 13: Major export destinations of China's cyclamate, Jan.-April 2011 No. Destination Quantity, tonne Value, USD 1 South Africa 1,186 2,188,790 2 Brazil 905 1,701,830 3 Argentina 765 1,390,667 4 Pakistan 752 1,288,490 5 Germany 676 1,347,116 6 Turkey 602 1,060,517 7 Myanmar 572 993,505 8 Russia 342 608,300 9 Netherlands 341 707,508 10 Vietnam 260 465,884 11 Indonesia 244 421,298 12 Taiwan Province 217 371,389 13 Malaysia 215 401,297 14 Bangladesh 187 332,179 15 Bolivia 183 379,520 Others 1,406 2,803,938 Total 8,853 16,462,228 Source: CCM International Import analysis China's total cyclamate import volume was less than one tonne during Jan.-April 2011, thanks to the sufficient cyclamate supply in the domestic market. Consumption Trend & Competitiveness HIS believed to enjoy good development in the future H igh intensity sweetener (HIS) industry has enjoyed a good development in the past years, and a survey by CCM highlights that the trend will continue in the next about the development of high intensity sweeteners (HIS) in China—the largest production and consumption country in Asia Pacific Area (AP), taking up 71.51% of 3-5 years in China and Asia Pacific Area (AP) as most the production in 2010 and 62.56% of the consumption respondents believed. in 2009 in terms of volume respectively: amongst all the respondents, 70.83% of them believed that the demand HIS is an important class of sugar substitutes, and there for HIS will grow in the next 3-5 years, while only 29.17% are nine kinds of commonly-used HIS in AP (an important believed that the demand will remain stable, and no HIS production area in the world, whose total output respondent preferred the choice of "the demand will accounts for over 50% of the global total as estimated), decrease". including saccharin, cyclamate, acesulfame-K (Ace-K), stevia sweetener, aspartame, sucralose, glycyrrhizin, With regard to the growth rate (FIGURE 5), 29.41% alitame and neotame. of respondents deemed that the rate will exceed 10%, followed by 47.06% for growth rate of 5-10%, 23.53% CCM conducted a survey in its report Survey of High for 3-5%. The wider application field of HIS, domestic Intensity Sweeteners in Asia Pacific launched in February consumers' more attention to health food with low calorie 2011, which is based on opinions of respondents from HIS and cost reduction for downstream clients are the three industry around the country, including HIS processors main drivers (FIGURE 6) for the increasing HIS demand (taking up 70.83% of the total number of respondents), in the future, taking up 27.08%, 27.08% and 16.67% of the distributors (12.50%), downstream consumers (4.20%) total respectively, followed by 12.5% for the choice "aided and other insiders (12.47%, such as experts and media, by rapid development of China's economy", 8.33% for etc.). production cost decrease and 8.33% for consumers' better awareness about HIS. According to the survey, most respondents were optimistic www.cnchemicals.com CCM 11 econtact@cnchemicals.com
  • 14. Sweeteners China News Vol.1 Issue 01 2011 FIGURE 5: Industry’s opinions about the growth rate of demand for HIS will increase. HIS development in China in the next 3-5 years Grow th rate of 3 -5%, The main drivers (FIGURE 8) for the increasing demand 23.53% Grow th rate of 10%+, for HIS in AP were cited as the higher cost performance 29.41% compared with cane sugar (29.09%), the diet habit of low- calorie food (29.09%) and the promotion by ASEAN Free Trade Area (AFTA, 14.55%) , followed by the rapid recovery of economy in AP (12.73%) and the foreign consumers' diet habit of sweet food (12.73%). FIGURE 7: Industry’s opinions about the growth rate of Grow th rate of 5 - 10%, HIS development in Asia Pacific in the next 3-5 years 47.06% Note: HIS means high intensify sweeteners, and the survey was Grow th rate of Grow th rate of conducted in 2011. 1 - 3%, 21.05% 10%+, 21.05% Source: CCM International FIGURE 6:Industry’s opinion about the drivers of HIS development in China in the next 3-5 years Consum ers' Production better expansion and aw areness Wider Grow th rate of cost reduction, 3 - 5%, 31.58% Grow th rate of about HIS, 8.33% application field 8.33% 5 - 10%, 26.32% of HIS, 27.08% Aided by China's rapid econom y developm ent, Note: HIS means high intensify sweeteners, and the survey was 12.50% conducted in 2011. Source: CCM International Cost reduction Dom estic for dow nstream consum ers' clients, 16.67% m ore attention FIGURE 8: Industry’s opinions about the drivers of HIS to health food w ith low calorie, development in Asia Pacific in the next 3-5 years 27.08% Note: HIS means high intensify sweeteners, and the survey Foreign Higher cost was conducted in 2011. consum ers' diet Others, 1.82% perform ance Source: CCM International habit for sw eet com pared w ith food, 12.73% cane sugar, Aided by rapid 29.09% Export of high intensity sweeteners (HIS) is one main recovery of business of the respondents (mostly producers): 87.5% of econom y in AP, them revealed that they exported HIS to foreign countries. 12.73% And they are optimistic about the future development of HIS in Asia Pacific Area (AP): 79.19% of the respondents Prom otion by ASEAN Free Diet habit of low - believed that the demand for HIS will grow in the next 3-5 calorie food, Trade Area, years, while 20.83% for stable development and 0% for 29.09% 14.55% decreased demand. For the export growth rate (FIGURE 7), 21.05% of Note: HIS means high intensify sweetener, and the survey was respondents believed that the rate will exceed 10%, conducted in 2011. while 26.32% for 5-10%, 31.58% for 3-5% and 21.05% Source: CCM International for 1-3%. Indonesia, India and Japan, as the three main consumption countries in AP besides China, are deemed to consume more HIS in the future, taking up 12.75%, 14.71% and 10.78% of the total number of respondents, while 14.71% of respondents took the view that Malaysia's www.cnchemicals.com CCM 12 econtact@cnchemicals.com
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  • 16. Journalist: Xingqiang Zhang, Yuwei Ling Editor: Emily Chen Chief Editor: Norman Lai, Hongxiang Du Publisher: CCM International Limited Disclaimer: 1. CCM guarantees that the information contained in the report is accurate and reliable to the best of its knowledge and its experience. CCM defines the report as a consulting product to provide information and does not guarantee its content 100% equals the reality. CCM shall not have any obligations to assume any possible damages or consequences that caused by subscribers' any corporate decisions that related to subscribers' own understanding and utilization of the report. 2. Single User License means that there shall be only ONE person for subscribers to receive, access and utilize the report. Subscribers can present the findings of the report that marked the source from CCM to their internal colleagues for their internal communication and usage, but cannot share the whole report to the same audience. Any distribution, re-sell and disclosure of the report as well as its partial content to any third party are prohibited for subscribers, including but not limited to their parent companies or subsidiaries. 3. Corporate License means that subscribers shall not distribute, re-sell or disclose the report to any third party without CCM's prior written consent, except to subscribers' affiliates controlled by the subscribers with ownership of more than 50% of shares. If you have ANY questions on the report, please feel free to contact us through the ways listed below. Any comments from you is well appreciated. CCM International Limited Address: 17th Floor, Huihua Commercial & Trade Building, No.80 Xianlie Zhong Road Guangzhou, 510070, P.R.China Tel: +86-20-37616606 Fax: +86-20-37616968 Email: econtact@cnchemicals.com