Food Industry’s Boom Index in Nov. 2013

By CnAgri2014-01-15 09:48:35 Print

In Nov., China food industry’s profit margin declined and consumption growth rate kept low. The comprehensive boom index was 8.14, down from last month’s 8.29.
　　
Consumption: in Nov., consumption value totaled 2.1012 trillion yuan in the whole society with growth rate of 13.7%. Consumption value for food totaled 366 billion yuan, of which consumption value for catering industry and that for grains and oils registered 231.4 billion yuan and 134.6 billion yuan, up 13.07%, 9.4% and 14.1% respectively on year-on-year basis. Accumulative consumption value for food totaled 3.6195 trillion yuan in Jan.-Nov., up 12.85% on year on year basis.

Deducting price influence, the growth rate of social consumption value, catering industry consumption, grains and oils consumption and food consumption were 10.39%, 3.31%, 9.71% and 6.77% respectively YOY.
　　
In Nov., food consumption accounted for 17.13% of social retail consumption, down 0.04% from last year.
　　
According to the National Bureau of Statistics, medium and large restaurants’ consumption value was RMB77.1 billion and medium and large stores’ retail value RMB1.0284 trillion in Nov., down 1.1% but up 14.3% respectively on the year-on-year basis. Sales value of foodstuff, beverage, tobacco and alcohol totaled 134.6 billion yuan, up 14.1% YOY. Specifically, grain and vegoil consumption valued RMB22.9 billion, livestock products RMB14.63 billion, beverage RMB13.88 billion, tobacco and alcohol RMB29.69 billion and other foodstuffs, RMB53.54 billion, up 13.8%, 12.8% , 14.1%, 112.6% and 12.6% respectively on the year-on-year basis.
　　
According to the Ministry of Commerce, major enterprises’ sales value growth rate was 6.6%, slightly down from Oct., of which, growth rates of catering industry, foodstuff, beverage, tobacco and alcohol were 3.4%, 11.2%, 8.5% and 7.6% respectively; deducting price influence, retail value growth rates of catering industry, foodstuff, beverage, tobacco and alcohol were -9.40%, 4.91%, 8.4% and 7.5% respectively.
　　
On the whole, the nation’s food industry achieved a consumption value growth rate of 2.26%.
　　
 2. Output value: in Nov., medium and large sized enterprises’ added value growth rate was 10%, of which, the growth rates of agro-food manufacturing industry, food industry and beverage industry were 9.9%, 5.6% and 10.3% respectively; deducting price influences, the output value growth rate was 11.4%, of which, the growth rates of agro-food manufacturing industry, food industry and beverage industry were 9.03%, 4.76% and 9.42% respectively;comprehensive output value growth rate of food industry was 7.74%, lowest among all the industries, which had much to do with the decline of food industry’s boom index.
　　
 3. Investment: in Nov., social investments totaled RMB43.6914 trillion, up 17.57% YOY. The farm-product-processing industry received RMB74.372 billion investment, the food-making industry RMB34.129 billion, the beverage industry RMB32.441 billion and the hotel and restaurant industry RMB48.213 billion, up 17.15%, 24.94%, 42.39% and 8.59% respectively on the year-on-year basis. Rising food price attracted investment into the food industry.
　　
Deducting price influences, the growth rate of social investments was 19.0% and that of farm-product-processing industry, food-making industry, beverage and hotel and restaurant industry was 18.55%, 26.34%, 43.8% and 10.0% respectively. The growth rate kept low, pulling industry boom index down.
　　
 4. Industry profit margin: in Nov., medium and large sized enterprises’ revenue and profit were RMB9.6142 trillion and RMB707.5 trillion respectively, up 11.33% and 10.80% respectively on year-on-year basis. Revenue profit margin was 7.36%, highest of this year, but still lower than the same period last year. Gross profit margin of grain processing industry was 9.5%, slightly down from last month. The production of flour, keng rice, Indica, domestic corn starch and ethanol generated a gross profit margin of 10.20%, 13.34%, 10.13%, 3.03% and –2.28% respectively in Nov. Imported corn has no price advantage since GM corn was rejected by China. So with exhausting of imported corn, deep processing of domestic corn will generate profit. 
　　
Flour and rice shipment and wholesaling generated a gross profit of 16.02% and 24.53% respectively in Nov. The shipment and wholesaling of keng rice in small packages generated a gross profit of 23.59%, slightly more than the month before.
　　
Taking into account of food production, consumption, investment in the food industry and food enterprises’ profit, the food industry’s boom index was 8.14 in Nov, slightly down from last month.



From “China Grains Market Weekly Report”