Research Report on China's Edible Oil Industry
This report is a must-have special research report that investors who pay attention to the development of China’s edible oil industry, and an important basis for research institutes, relevant enterprises to understand the current situation of China’s edible oil industry, to seize investment opportunities and make strategic planning. ( http://www.bharatbook.com/
Background
China’s edible oil consumption is growing year by year, edible oil consumption market continues to expand. Domestic edible oil consumption in 2008/09 is more than 24.5 million tons, a growth rate of over 5%. Oil consumption in 2009/10 will continue to grow. However, the current per capita consumption of edible oil in China is 18.9kg, about 30% lower than that of the developed countries. It is obvious that there is huge room for China’s edible oil market development, the future prospects for edible oil consumption is very broad.
China’s edible vegetable oil consumption grows at an average rate of 5%-6%. Oil production growth is difficult to meet the needs of consumption growth, resulting in the continued increase of oil imports in recent years. From January to September 2009, total import volume of edible vegetable oil by China is 6.13 million tons, a year-on-year increase of 7%, trade deficit expanding further.
Although utilization rate of China’s edible oil crushing capacity is less than 50%, the pace of building and expansion of edible oil processing industry continues in 2009. COFCO, JGG, Hong Zui and Sinograin have invested Tianjin, Zhuhai and Dong Guan successively. The market competition is more competitive.
China’s oil industry grew at an average annual rate of 5%-6%, while small-package oil grew at a growth rate of 20%-30%. Small-package oil will gradually expands its market share and finally become the protagonist of edible oil market replacing bulk oil. It is expected that by 2010 China’s small-package edible oil market sales will increase to RMB 700 billion, doubled than that of 5 years ago.
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