Review and Outlook of China’s Dairy Industry 2013/2014

This Report panoramically expounds the current situation of China dairy industry in 2013, including the production of raw milk and dairy product, dairy consumption, dairy trade, price tendency of raw milk and dairy product, operational condition of China dairy industry, competitive situation of China dairy market, business performance and investment situation of key dairy enterprise, world dairy market trend, production, consumption and trade status of major countries of dairy production and trade, influence of work dairy market environment upon China diary industry, and the forecasting upon the development tendency of China diary industry in 2014.

                                                                                              Introduction

2013 is another important turning point during the development history of dairy industry in China. Characterized in quickening the elimination of traditional free-ranging and rapid development of large scale farming, the entire industry accelerates the transition from extensive quantity growth form to intensive quality efficiency form and from hypernormal disorderly development to steady and orderly development. The Third Plenary Session of the Eighteenth Central Committee of the CPC held in November has pulled open the prelude of comprehensively deepening the reform in China and also brought significant influence upon the dairy industry in China within predictable several years in the future. On the whole, the challenge with which the dairy industry of China is faced is intensifying, and the opportunity coexists in the meantime.

Seen from the challenge, it is mainly manifested in the following respects: (1) In 2013, the CPI index in China keeps rising and the commodity price goes up entirely, the price of composite feed of dairy cattle, cost of fuels and energy, and labor cost related to the upstream dairy farming industry rise completely, which results in that the production cost of raw milk ascends continuously. Although the procurement price of raw milk goes up in the corresponding period, the rising of cost and expense is faster than that of the price and the price of beef goes up quickly additionally, which leads to that more and more retail investors (including a part of small-scale breeding) kills cow to sell beef. So it appears that the dairy cattle is weeded out abnormally and forced to quit from the dairy breeding industry. In the corresponding period, the input-output effect of scale breeding industry is superior to the retail investor obviously, therefore, the proportion of scale breeding industry in the production of milk source is elevated more quickly. (2) Seen from the cost performance, because of unreasonable feed structure, relatively low per unit yield and too high cost of input product in the pasture, China has become the one of the countries whose price of raw milk is the highest in the world. Excessive price of raw milk not only weakens the competitiveness of China dairy industry internationally and makes the recovery of export of China dairy products walk with difficulty, but also causes tremendous cost pressure to the domestic dairy processing enterprise, compels the dairy enterprise to adjust the product mix and add the percentage of high value-added products to maintain and improve the gross profit rate. (3) Influenced by abnormal elimination of dairy cattle in main producing areas of milk source, the contradiction between supply and demand of domestic milk source is further aggravated, resulting in that the procurement price of raw milk rises constantly. Many dairy enterprises are forced to adjust the product mix, reduce the production of middle and lower-end products conforming to the demand for mass consumption, produce more dairy products with high price, but exorbitant price of dairy product suppresses the consumption. (4) In 2013, the import of China dairy products, especially the whole milk powder and skim milk powder, reaches a new peak again, and the enormous import of dairy products has brought immense pressure to domestic same industry and serious impact upon the market. On the other hand, the severe drought in New Zealand in the first half year generates the decline of raw milk production and substantial increase of procurement price, meanwhile the rising of raw milk price in Europe, North America and Latin America propels the going up of dairy product price, resulting in that the import price of China dairy products ascends remarkably year on year and the cost of domestic dairy processing with imported products as raw materials is increased. Moreover, the dairy quality security incident of Fonterra New Zealand “clostridium botulinum” has influenced the dairy import of China from New Zealand. (5) The melamine incident and other security incidents related to the dairy quality have striken a serious blow at the confidence of consumers in domestic dairy products (especially infant formula), who have not come out of psychological haze of such incidents.

Seen from the opportunity, it is mainly manifested in the following respects: (1) The consumption potentiality of domestic dairy products is tremendous. At present, the dairy consumption of domestic residents per capita is about 30kg, which is less than 1/3 of the world average level. The level of diary consumption of residents disaccords with the increase of per capita income, meanwhile, through the market cultivating in recent twenty years, more and more residents have gradually recognized the nutritive value and health efficacy of dairy products, but the quality safety problem of dairy product and extravagant price have influenced the dairy consumption of residents. (2) In 2013, the Chinese Government has strengthened the support and standardization for the industry unprecedentedly. Besides the existing supportive policy, the supportive policy aiming at key enterprise is coming on, including the tax preference, central and provincial level financial support, loan from financial institutions, supporting the enterprise to utilize the capital market financing and put land policy into practice, etc.. At the same time, the “admission threshold” of dairy processing is raised once again, the processing market order has been purified gradually, the dairy market competition has tended standardized and orderly, the profit margin of dairy processing industry has been improved, which has relieved the pressure caused by rising of production cost to some extent. (3) The shortage of domestic milk source and huge market potentiality of dairy consumption absorb the appreciation from inside and outside industry as well as domestic and foreign capital. A plenty of international dairy magnates hope to share the “cake” during the new round of expansion of domestic dairy industry, which has promoted the industrial upgrading of domestic dairy industry to some extent. (4) Seen from the international environment, the global economy has become better on the whole than last year. Although there still exists great uncertainty, the crisis degree has been relieved in spite of large discrepancy among different economic entities. The global dairy products are still in great demand, particularly the demand of emerging economies dominated by China and India are still strong, meanwhile the production and supply of dairy products of global major economic entities is increased as a whole than the same period of last year, and the degree of dependence on export has been enhanced. (5) The difficult situation with which the economic entities with developed dairy industry are confronted brings the opportunity to China dairy industry, especially the implementation of “going out” strategy provides the opportunity.

Seen from the market prospect in 2014, domestically, the Third Plenary Session of the Eighteenth Central Committee of the CPC held in November 2013 has pulled open the prelude of comprehensively deepening the reform and also brought significant influence upon the dairy market and industry supervision in China: (1) The population policy of China will be adjusted, the “alone second child” is permitted and the quantity of newborns will be increased in 2014. Although the growth rate is hard to be determined accurately, such policy is beneficial for the infant formula industry undoubtedly; (2) Safeguarding and improving people’s livelihood is regarded as one of the focuses concerned by the government, the safety problem of the food including dairy product is expected to be valued and solved unprecedentedly, and the confidence of consumers in domestic dairy product will be shored up hopefully; (3) The Decision of the Third Plenary Session explicitly proposes that the central government will establish the “National Security Council”, “spare no effort to solve the problem of crossing of power and responsibility and duplicate law enforcement, and set up the authoritative and efficient administrative law enforcement system with integration of power and responsibility”, “based on formulating negative list, all kinds of market entities are able to equally enter into the field beyond the list according to law”, “clear and abolish various regulations and behaviors hindering national uniform market and fair competition, prohibit and punish sorts of conducts implementing preferential policy illegally”, etc.. Under this overall background, the original China dairy supervision and related policies are predicted to be adjusted and perfected correspondingly, and the raw milk, dairy industry and market in China will hopefully be further standardized and orderly. Seen globally, the hopeful growth of European and American economy during the adjustment; the promotion of regionalization and globalization, and the tension and conflict in global local area tending relieved, all benefit to inhibit the price of energy product and agricultural product going up too rapidly. The production of raw milk and dairy product in major economic entities is predicted to increase slightly, and the price of dairy product in international market is estimated to tend stable. In a word, in 2014, there will still exist the contradiction between supply and demand in China dairy market, the price of raw milk is predicted to rise continually due to short supply of milk source, the concentration ratio of dairy industry will be improved, the dairy import will still maintain large scale, especially the import growth rate of high value-added cheese and whey protein will be large, the import growth rate of other varieties is predicted to descend than 2013, and  the overall industry will tend standardized.

This Report panoramically expounds the current situation of China dairy industry in 2013, including the production of raw milk and dairy product, dairy consumption, dairy trade, price tendency of raw milk and dairy product, operational condition of China dairy industry, competitive situation of China dairy market, business performance and investment situation of key dairy enterprise, world dairy market trend, production, consumption and trade status of major countries of dairy production and trade, influence of work dairy market environment upon China diary industry, and the forecasting upon the development tendency of China diary industry in 2014.

This Report is the crystallization of collective intelligence of dairy research group of Beijing Orient Agribusiness Consultants Limited. The senior dairy analysts of dairy research group of BOABC are the members of “thinking bank” in related government departments and associations, who keep good relationship with these departments and associations as well as national key dairy enterprise, correlative industry and enterprise. These resource superiorities provide particularly precious professional support for the composition of this Report, and also guarantee the accuracy, authority, scientificity and perspectiveness of the data cited herein. BOABC believes this Report will be the important reference material for strategic decision-making of domestic and overseas investment company, dairy enterprise, dairy burdening supplier, and related equipment supplier as well as such organizations as guild and research institution.
 

CONTENTS

Chapter 1 Policy Environment for Dairy Industry in China

1.1 Overview of Relevant Policies, Standards and Plans 
1.2 Policies 
1.2.1 General Office of the State Council
Notice on Opinions of Further Strengthening the Quality Safety Work of Infant Formula Milk Powder (G.B.F.[2013]No.57)
1.2.2 General Administration of Quality Supervision, Inspection and Quarantine of the P.R.China
Administrative Measures for Inspection, Quarantine and Supervision of Imported and Exported Dairy Products (No. 152 General Administration Decree)
Announcement on Implementation of Related Requests in Administrative Measures for Inspection, Quarantine and Supervision of Imported and Exported Dairy Products (No. 53 General Administration Decree in 2013)
Announcement on Publishing the Catalogue for Implementation of Registration of Overseas Manufacturing Enterprise of Imported Food (No. 145 General Administration Decree) (No. 62 General Administration Decree in 2013)
1.2.3 National Health and Family Planning Commission of the P.R.China (Ministry of Health)
Notice on Printing and Distributing the Emergency Plan for Food Safety Incidents of the Ministry of Health (W.Y.J.F.[2013]No.2)
Administrative Measures for Examination upon the Security of New Food Material
Notice on Printing and Distributing the Monitoring Plan of National Food Security Risk in 2013 (W.B.J.D.F.[2012]No.131)

1.2.4 China Food and Drug Administration
Notice on Further Strengthening the Production Supervision Work of Infant Formula Milk Powder (S.Y.J.S.J.Y.[2013]No.121)
Notice on Further Standardizing the Publicity and Sales Behavior of Breast Milk Substitute issued by China Food and Drug Administration, National Health and Family Planning Commission of the P.R.China, and State Administration for Industry & Commerce (S.Y.J.S.J.Y.[2013]No.214)

1.2.5 Ministry of Finance/General Administration of Customs
Provisional Tax Rate for Import of Dairy Products in 2013

1.2.6 Ministry of Industry and Information Technology of the P.R.China
Action Program for Improving the Quality Level of Milk Power and Shoring up the Social Consumer Confidence
Work Program for Promoting the Annexation and Reorganization of Enterprises in Infant Formula Milk Powder Industry

1.2.7 Ministry of Agriculture
Guiding Opinions for Implementation of Subsidy Projects of Superior Livestock Varieties in 2013 jointly issued by the Ministry of Agriculture and Ministry of Finance
Guiding Opinions for Implementation of Demonstration Construction Projects of High-yield Alfalfa in 2013 jointly issued by the Ministry of Agriculture and Ministry of Finance
Action on Prospering the Development of Dairy Industry and Alfalfa jointly issued by the Ministry of Agriculture and Ministry of Finance
Notice on the Matters Related to Subsidy of Agricultural Insurance Premium of Central Finance in 2013 jointly issued by the Ministry of Agriculture and Ministry of Finance

1.3 Plans
1.3.1 The Twelfth Five-Year Plan in National Supervision System of Food Safety
1.3.2 The Twelfth Five-Year Plan in National Standard of Food Safety

1.4 Standards 
1.4.1 Standard for Measurement of NPN Content in Exported Dairy and Dairy Products (SN/T3382-2012)
1.4.2 Standard for Eating of Food Nutritive Fortifier (GB14880-2012）
1.4.3 Limited Quantity of Pollutant in Food (GB2762-2012)
1.4.4 National Standard for Food Safety —Maximum Residue Limit of Pesticide in Food (GB27563-2012)
1.4.5 Complementary Food Supplement  National Standard for Food Safety (Exposure Draft)

Chapter 2 Dairy Production in China in 2013

2.1 Raw Milk Production
2.1.1 Overviews
2.1.2 Dairy Cattle Inventory 
2.1.3 Raw Milk Production
2.1.4 Regional Layout of Dairy Farming
2.1.5 Raw Milk Procurement Price
2.1.6 Dairy Cattle Farming Modes
2.1.7 Profit from Dairy Cattle Farming
2.1.8 Feed Price
2.2 Dairy Processing
2.2.1 Liquid Milk
2.2.2 Solid Dairy Products
2.2.3 Powder Milk used as ingredients
2.2.4 Infant/young Child’s Formula Milk Powder 
2.2.5 Other Solid Products

Chapter 3 Trade of Milk-based Raw Materials and Other Relevant Products in 2013

3.1 Dairy Import 
3.1.1 Overview
3.1.2 Structure of Import 
3.2 Milk Powder
3.2.1 Import Quantity
3.2.2 Import Origins
3.2.3 Import Destinations
3.2.4 Import Price
3.3 Dry Whey
3.3.1 Import Quantity
3.3.2 Origins of Import 
3.3.3 Import Destinations 
3.3.4 Import Price
3.4 Milkfa
3.4.1 Import Quantity
3.4.2 Origins of Import
3.4.3 Import Price
3.5 Cheese
3.5.1 Import Quantity
3.5.2 Origins of Import
3.5.3 Import Price
3.6 Fresh Milk & Cream
3.6.1 Import Quantity
3.6.2 Origins of Import
3.6.3 Import Price
3.7 Yogurt
3.8 Lactose
3.9 Milk Protein
3.10 Infant/young Child’s Formula Milk Powder
3.11 Dairy Cattle, Gene Products and Feed
3.11.1Elite-breed Cattle, Frozen Semen and Embryo
3.11.2 Alfalfa 
3.12 Dairy Export
3.12.1 Overview
3.12.2 Structure of Dairy Export
3.12.3 Fresh Milk
3.12.4 Milk Powder

Chapter 4 Dairy Consumption in China in 2013

4.1 Overview
4.2 Analysis of Dairy Consumption by Urban Residents
4.3 Regional Analysis of Dairy Consumption by Urban Residents
4.3.1 National Overview 
4.3.2 36 Large and Medium Cities
4.4 Dairy Consumption by Rural Residents 
4.5 Retail Price for Dairy Products
4.5.1 Fresh Milk and Yogurt
4.5.2 Milk Powder 
4.6 Market Capacity for Infant/young Child’s Formula Milk Powder
4.6.1 National Market Capacity
4.6.2 Market Capacity of 36 Large and Medium Cities
4.7 Other Elements Affecting Dairy Prices 
4.7.1 Price for White Sugar
4.7.2 CPI 
4.7.3 RMB Exchange Rate 
4.7.4 Petroleum Price

Chapter 5 Competition of China’s Dairy Market in 2013

5.1 Overview 
5.2 Raw Milk Market
5.3 Infant/young Child’s Formula Milk Powder Market
5.3.1 Market Environment
5.3.2 Market Share of Main Brands
5.4 Liquid Milk Market 
5.4.1 UHT Milk
5.4.2 Low-temperature Milk Products 

Chapter 6 Analysis of Leading Dairy Players in 2013

6.1 Overview of Integration of Dairy Players 
6.2 Main Dairy Players in China
6.2.1 Inner Mongolia Yili Industrial (Group) Co., Ltd.
6.2.2 Inner Mongolia Mengniu Dairy Co., Ltd.
6.2.3 Bright Dairy Co., Ltd. 
6.2.4 Beijing Sanyuan Foods Co., Ltd.
6.2.5 Wondersun Dairy Co., Ltd.
6.2.6 Liaoning Huishan Holding (Group) Co., Ltd.
6.2.7 Feihe International Inc. 
6.2.8 Zhejiang Beingmate Technology Industry & Trade Co., Ltd
6.2.9 Mead Johnson Nutrition (China) Co. Ltd
6.2.10 Dumex Baby Food Co. Ltd 

Chapter 7 Development of Dairy Processing Industry in China in 2013

7.1 Overview
7.2 Operational Capability of Dairy Processing Industry
7.3 Projections on Production Capacity of China’s Dairy Processing Industry in the Coming 3~5 Years

Chapter 8 World Dairy Market in 2013

8.1 Overview
8.1.1 Global Economy in 2013
8.1.2 Global Dairy Products Demand in 2013
8.1.3 Global Raw Milk & Dairy Products Production in 2013
8.1.4 Global Prices of Raw Milk & Dairy Products in 2013
8.1.5 Global Milk & Dairy Products Outlook in 2014
8.2 Dairy Market Status of Main Dairy Producing and Trade Countries in 2013
8.2.1 New Zealand
8.2.2 Australia 
8.2.3 USA
8.2.4 EU-27
8.2.5 India

Chapter 9 Outlook of China’s Dairy Industry in 2014

9.1 Overview
9.2 Raw Milk Production
9.2.1 Dairy Cattle Inventory
9.2.2 Milk Production
9.2.3 Raw Milk Layout 
9.2.4 Cow Cattle Farming Benefits 
9.3 Dairy Processing
9.3.1 Main Dairy Products
9.3.2 Other Dairy Products
9.4 Dairy Trade
9.4.1 Import
9.4.2 Export
9.5 Price Trend of Raw Milk and Dairy Products
9.5.1 Raw Milk Price
9.5.2 Dairy Products Price
9.6 Dairy Consumption
9.7 Dairy Competition Pattern

Annexes  

Annex I: Balance Sheet of Supply and Demand of Raw Milk in China, 2012-2014
Annex II: Balance Sheet of Supply and Demand of WMP in China, 2012-2014
Annex III: Balance Sheet of Supply and Demand of SMP in China, 2012-2014
Annex IV: Balance Sheet of Supply and Demand of Butter & Others Oils/Fats from Milk in China, 2012-2014
Annex V: Balance Sheet of Supply and Demand of Cheese in China, 2012-2014

Charts and Tables

Fig 2-1 Changes of Dairy Cattle Inventory in China, 1997-2012 
Fig 2-2 Changes of Milk Production in China, 1997-2013
Fig 2-3 Trend of Raw Milk Price of Ten Main Farming Provinces in the Nation, 2008-2013
Fig 2-4 Trend of Proportion of Dairy Farming Households in Deficit, by Month, 2009-2013
Fig 2-5 Weekly Trend of Average Wholesale Price for Corn and Soymeal in China, 2010-2013
Fig 2-6 Changes of Liquid Milk Production in China, 2000-2013
Fig 2-7 Liquid Milk Production and Changing Trend in China, by Month, 2005-2013
Fig 2-8 Proportion on Provincial Liquid Milk Production in National Total, 2013
Fig 2-9 Comparison of Provincial Liquid Milk Production, 2013
Fig 2-10 Composition of Liquid Milk, 2000-2013
Fig 2-11 Changes of Production of Different Varieties of Liquid Milk in China, 2000-2013
Fig 2-12 Trend of Production of Solid Dairy Products, 1997-2013
Fig 2-13 Regional Production of Solid Dairy Products in China, 1998-2013
Fig 2-14 Proportion of Provincial Solid Dairy Production in National Total, 2013
Fig 2-15 Trend of Milk Powder Production in China, 1997-2013
Fig 2-16 Proportion of Provincial Milk Powder Production in National Total, 2013
Fig 2-17 Trend of Production of Full-cream Milk Powder and Skim Powder, 1999-2013
Fig 3-1 Structural Changes of Dairy Import to China, by Quantity, 2009-2013
Fig 3-2 Monthly Milk Powder Import Trend, by Month, 2005-2013
Fig 3-3 CIF Trend of Milk Powder Import to China, by Month, 2005-2013
Fig 3-4 Changes of Fonterra Web Auction Price (FOB) for Full-cream Milk Powder, 2008-2013
Fig 3-5 CIF Trend of Whey Import to China, by Month, 2005-2013
Fig 3-6 Origins of Milk Fat Import and Changes, 2003-2013
Fig 3-7 CIF Trend of Butter and Anhydrous Milk Fat Import, 2005-2013
Fig 3-8 Structure of Cheese Import to China (by Quantity), 2013
Fig 3-9 Trend of Cheese Import to China (by Quantity), 2000-2013
Fig 3-10 CIF Trend of Cheese Import to China, 2004-2013
Fig 3-11 Structure of Fresh Milk Import to China (by Milk Fat Content and Quantity), 2013
Fig 3-12 CIF Trend of Different Fresh Milk Import to China, 2002-2013
Fig 3-13 CIF Price for Lactose Import to China, by Month, 2005-2013
Fig 3-14 CIF Price for Milk Protein Import to China, 2000-2013
Fig 3-15 Import Quantity of Infant/young Child’s Formula Milk Powder and CIF Trend to China, 2000-2013
Fig 3-16 Composition of Origins of Infant/young Child’s Formula Milk Powder Import to China, 2013
Fig 3-17 Composition of Dairy Export from China (by Quantity), 2013
Fig 3-18 Destinations of Milk Powder Export from China (by Quantity), 2013
Fig 4-1 Per Capita Dairy Consumption Quantity of Residents in the 36 Large and Medium Cities in China, by Quarter, 2005-2013
Fig 4-2 Structure of Dairy Consumption (by Quantity) of Residents in the 36 Large and Medium Cities in China, by Quarter, 2005-2013
Fig 4-3 Structure of Dairy Consumption (by Expenditure) of Residents in the 36 Large and Medium Cities in China, by Quarter, 2005-2013
Fig 4-4 Per Capita Milk and Dairy Consumption of Rural Residents in China, 1992-2013
Fig 4-5 Price Trend of Fresh Milk and Yogurt of the 36 Large and Medium Cities in the Nation, by Quarter, 2005-2013
Fig 4-6 Price Trend of Small-pack Milk Powder of the 36 Large and Medium Cities in the Nation, by Quarter, 2005-2013
Fig 4-7 Price Trend of International and Domestic Famous Brands of Infant/young Child’s Formula Milk Powder, 2009-2012
Fig 4-8 Regional Layout of Number of Infants and Young Children and Market Capacity (by Consumption Quantity) of Infant/young Child’s Formula Milk Powder of the 36 Large and Medium Cities, 2013
Fig 4-9 Weekly Average Price (Price at Production Venue) for White Granulated Sugar in China, 2005-2013
Fig 4-10 CPI Growing Trend in China, by Month, 2008-2013
Fig 4-11 48-month Trend of USD and RMB Exchange Rate, 2008-2013
Fig 4-12 Price Trend of International Crude Oil, 2013
Fig 5-1 Market Share of Famous Brands of Infant/young Child’s Formula Milk Powder in China, by Sales Volume, 2009-2013
Fig 5-2 Trend of Market Share of Major Brands of UHT Milk in China, 2010-2013
Fig 5-3 Trend of Market Share of Major Brands of Low-temperature Milk in China, 2010-2013
Fig 8-1 EU Export Price for Dairy Products (FAS), 2009-2013
Fig 8-2 USA Monthly Export Price for Dairy Products (FAS), 2009-2013
Fig 8-3 Fonterra Web Weighted Average Trading Price for Full-cream Milk Powder (FAS), 2008-2013
Fig 8-4 Fonterra Web Weighted Average Trading Price for Skim Milk Powder (FAS), 2008-2013
Fig 8-5 New Zealand Raw Milk Production, Dairy Cattle Inventory and Average Milk Price (Farm Price)
Fig 8-6 New Zealand Dairy Export, 1999-2013
Fig 8-7 Australian Dairy Farming (liters/cow), 2002/03-2013/14
Fig 8-8 USA Raw Milk Price Trend, by Quarter, 2009-2013

Table 3-1 Dairy Import to China, 2011-2013
Table 3-2 Origins of Milk Powder to China and Changes, by Quantity, 2009-2013
Table 3-3 Destinations of Milk Powder Import to China (by Quantity), 2013
Table 3-4 Origins of Whey Import and Changes of Their Proportion in National Total Import, 2009-2013
Table 3-5 Destinations of Whey Import to China (by Quantity), 2009-2013
Table 4-6 Origins of Cheese Import to China, 2013
Table 3-7 Origins of Fresh Dairy Import to China, 2013
Table 3-8 Import Quantity of Elite-breed Cattle and Their Bio Products to China, 2008-2013
Table 3-9 Import Price for Elite-breed Cattle and Their Bio Products, 2008-2013
Table 3-10 Trend of Alfalfa Import to China, 2009-2013
Table 3-11 Dairy Export from China, 2009-2013
Table 4-1 Per Capita Dairy Possession Quantity of Chinese Residents, 1992-2013
Table 4-2 Per Capita Dairy Consumption Quantity of Residents in the 36 Large and Medium Cities, 2006-2013
Table 4-3 Changes of Per Capita Expenditure on Dairy Consumption of Residents in the 36 Large and Medium Cities, by Quarter, 2006-2013
Table 4-4 Changes of Per Capita dairy Consumption (total) of Residents in the 36 Large and Medium Cities, 2009-2012
Table 4-5 Changes of Per Capita Fresh Milk Consumption of Residents in the 36 Large and Medium Cities, 2009-2013
Table 4-6 Changes of Per Capita Yogurt Consumption of Residents in the 36 Large and Medium Cities, 2009-2012 
Table 4-7 Changes of Per Capita Milk Powder Consumption of Residents in the 36 Large and Medium Cities, 2009-2012 
Table 6-1 Total Profit of Yili, 2013
Table 6-2 Core Business and Operation of Yili, 2013
Table 6-3 Regional Status of Core Business of Yili, 2013
Table 6-4 Profit of Mengniu, 2013
Table 6-5 Revenue of Different Products of Mengniu, 2013
Table 6-6 Total Profit of Bright Dairy, 2013
Table 6-7 Core Business and Operation of Bright Dairy, 2013
Table 6-8 Regional Status of Core Business of Bright Dairy, 2013
Table 6-9 Margin of Main Sub Companies of Bright Dairy, 2013
Table 6-10 Total Profit of Sanyuan Food, 2013
Table 6-11 Core Business and Operation of Sanyuan Food, 2013
Table 6-12 Regional Status of Core Business of Sanyuan Food, 2013
Table 6-13 Profit of Main Sub Companies of Sanyuan Food, 2013
Table 6-14 Production and Operation of Wondersun, 2009-2013 
Table 6-15 Production and Operation of Huishan Dairy, 2009-2013
Table 6-16 Revenue of Feihe Dairy, by Quarter, 2010-2013
Table 6-17 Production of Feihe Dairy, 2009-2013
Table 6-18 Financial Status of Beingmate, 2008-2013
Table 6-19 Core Business and Operation of Beingmate, 2013
Table 6-20 Regional Status of Core Business of Beingmate, 2013
Table 6-21 Margin of Main Sub Companies of Beingmate, 2013
Table 6-22 Production Equipment of Beingmate Infant/young Child’s Formula Milk Powder 
Table 6.23 Production of Mead Johnson (China), 2008-2013
Table 6-24 Production of Dumex, 2008-2013
Table 6-25 Extension of Technology and Products of Dumex in China
Table 7-1 Indices of China’s Dairy Industrial Development, 2002-2013
Table 7-2 Asset Management Ratio of Dairy Industry, 2002-2013
Table 7-3 Production of Main Dairy Products and Capacity Utilization Rate, 2012
Table 8-1 Milk Procurement Price of Dairy Farmers’ Cooperatives in New Zealand
Table 8-2 Margin of Dairy Farming in New Zealand
Table 8-3 New Zealand Dairy Export Market, 2009-2013
Table 8-4 New Zealand Raw Milk Supply and Demand , 2011-2014
Table 8-5 New Zealand Full-cream Milk Powder Supply and Demand, 2011-2014
Table 8-7 New Zealand Cheese Supply and Demand, 2011-2014
Table 8-8 New Zealand Butter Supply and Demand, 2011-2014
Table 8-9 Australian Raw Milk Supply and Demand, 2011-2014
Table 8-10 Australian Full-cream Milk Powder Supply and Demand, 2011-2014
Table 8-11 Australian Skim Powder Supply and Demand, 2011-2014
Table 8-12 Australian Butter Supply and Demand, 2011-2014
Table 8-13 Australian Cheese Supply and Demand, 2011-2014
Table 8-14 American Raw Milk Production Trend, 2011-2013
Table 8-15 Trend of Production of Some Dairy Products in USA, 2011-2013
Table 8-16 Trend of FAS Price Trend for Some Dairy Products in USA, 2011-2013
Table 8-17 Raw Milk Supply and Demand of EU 27 Countries, 2011-2014
Table 8-18 Cheese Supply and Demand of EU 27 Countries, 2011-2014
Table 8-19 Butter Supply and Demand of EU 27 Countries, 2011-2014
Table 8-20 Skim Powder Supply and Demand of EU 27 Countries, 2011-2014
Table 8-21 Full-cream Milk Powder Supply and Demand of EU 27 Countries, 2011-2014
Table 8-22 Indian Raw Milk Supply and Demand, 2011-2014
Table 8-23 Indian Skim Powder Supply and Demand, 2011-2014
Table 8-24 Indian Butter Supply and Demand, 2011-2014