China’s Oils & Oilseed Industry and Investment Analysis Report (2017-2018)

Depending on the continuous accumulation of the industry data for over 20 years, BOABC has kept track of industry changes and continually studied the industry. The report BOABC is providing you is a valuable industrial and investment analysis report. The characteristics of China’s oils and oilseed industry of 2017: 1 Domestic oilseed supplies continued to drop; soybean import volume surpassed 90 million tons which was a new historical record. In 2017, as the domestic oilseed supplies continued to drop, the import volume of oils and oilseeds continued to increase, especially, the import volume of soybeans had surpassed 90 million tons. In 2017, China’s vegetable oil demands didn’t increase significantly. It was estimated to be over 32 million tons. However, the demands for small variety vegetable oils increased significantly; variety structure adjustment became a new normal in the industrial development. 2 Processing overcapacity of three large oil varieties still remained; high industry concentration was found and competition was getting more intense. A long-term overcapacity remained in the soybean oil, rapeseed oil and palm oil processing. Rapeseed oil processing capacity transferred to South China coastal areas. Enterprises wanted to boost their competitiveness so as to be free from elimination. Therefore, new investments were mainly enterprises’ expansions- self-preservation behaviors. New entrants were few. In order to adapt to the changes of the development layout in the livestock industry, soybean crushing industry would increase the investment layout in the North East and the Western soybean meal sales areas. 3 Large sums of social capitals entered the small variety vegetable oil industry; camellia oil industry became the key investment field. Due to overcapacity, small profits and more intense competitiveness of large bulk vegetable oils, the investment priority of the vegetable oil industry turned to small variety vegetable oils. In recent years, the investment in camellia oil became a hot spot. On account of this, the characteristics of the development trend and investment direction of China’s vegetable oil processing industry would be the following: a. The industry concentration ratio and scale degree of large bulk vegetable oils would continue to increase; b. The integration speed of soybean and rapeseed crushing industry accelerated. Enterprises would pay more attention to the completion of the whole industry chain in the competition, especially logistics construction; c. Small variety vegetable oils became a key investment field. Whole industry chain (from raw materials to terminal brand construction) investment would be more emphasized in new projects; d. Enterprises paid more attention to the key factors such as brand construction and marketing; This report will deeply analyze the development of China’s vegetable oil industry of 2017. We’ll analyze key enterprises’ operation modes and conclude enterprises and capital investment trends so as to assist enterprises, capital and industry participants to grasp international and domestic industry trends and industry investment opportunities more accurately so as to find suitable modes for the enterprise's own development and the resources that needs to be integrated urgently.

Part I: China Oils & Oilseed Industry and Development Prediction for 2018
1.1 Analysis on Oils and Oilseed Industry Policies and Changes
1.1.1 Policies on Oil Production and Purchase
1.1.2 Policies on Oils and Oil Processing
1.1.3 Policies on Oils and Oilseed Trade
1.2 Soybean Industry and Prediction for 2018
1.2.1 Both Soybean Production and Import Volume Increased in 2017; Sufficient Soybean Oil Supplies
1.2.1.1 Soybean output estimated to have recovered to about 12 million tons in 2017
1.2.1.2 Soybean import volume surpassed 90 million tons in 2017
1.2.1.3 Oil mills’ high operation rate; soybean oil output approached 17 million tons
1.2.2 Both Soybeans and Soybean Oil Import Volumes Increased
1.2.2.1 Both soybean import cost and import volume increased in 2017
1.2.2.2 Analysis in main soybean import enterprises
1.2.2.3 Relatively stable soybean import cost in 2017, but import volumes recovered significantly
1.2.2.4 Analysis in main soybean import enterprises
1.2.3 Changes in Soybean Crushing Benefits
1.2.3.1 Imported soybean factory cost shocked around 3,300 RMB/MT
1.2.3.2 Soybean product prices dropped sharply and adjusted at a low level
1.2.3.3 Profits from soybean crushing dropped sharply from previous year
1.2.4 Soybean Crushing Abilities by Region and Distribution of Soybean Crushing Enterprises
1.2.5 Predictions on Soybeans and Soybean Products of 2018
1.2.5.1 Foreseen no obvious recovery found in soybean production in 2018
1.2.5.2 Growth of soybeans and soybean oil import volumes to slow down in 2018
1.2.5.3 Due to sufficient supplies, prices of soybeans and soybean products to continue to run at low levels in 2018
1.3 Rapeseed Industry and Predictions for 2018
1.3.1 Domestic Rapeseed Supplies Continued to Reduce Sharply; Supply Shortage to Be Filled up by Import 
1.3.1.1 Rapeseed output estimated to have dropped to over 5.2 million tons in 2017
1.3.1.2 Import growth could hardly make up for the domestic output decline; overall rapeseed supplies dropped
1.3.1.3 Due to reduced supplies, rapeseed crushing volume dropped to over 9 million tons
1.3.2 Analysis on Rapeseed Oil Import
1.3.2.1 Rapeseed import volumes and prices both increased
1.3.2.2 Analysis on main rapeseed import enterprises
1.3.2.3 Rapeseed oil import volumes and prices both increased 
1.3.2.4 Analysis on main rapeseed oil import enterprises
1.3.3 Changes in Rapeseed Crushing Benefits
1.3.3.1 Domestic and imported rapeseed prices both increased
1.3.3.2 Due to tight supplies, prices of rapeseed products increased
1.3.3.3 Due to sharp growth in rapeseed cost, rapeseed crushing profits dropped 
1.3.4 Rapeseed Crushing Abilities by Region and the Distribution of Rapeseed Crushing Enterprises
1.3.5 Prediction on Rapeseed and Rapeseed Products Market of 2018
1.3.5.1 Foreseen rapeseed cultivation area to continue to reduce in 2018
1.3.5.2 Foreseen rapeseed and rapeseed oil import volumes to continue to increase in 2018
1.3.5.3 Due to tight supply balance, rapeseed and rapeseed product prices might fluctuate at high levels in 2018
1.4 Changes of the Palm Oil Market and Predictions for 2018
1.4.1 Analysis on Palm Oil Import
1.4.1.1 Palm oil import volumes and prices both increased
1.4.1.2 Liquid palm oil dominated the palm oil import
1.4.1.3 Main palm oil import enterprises
1.4.2 Analysis on Palm Oil Market
1.4.2.1 Palm oil inventories recovered slightly from previous year
1.4.2.2 Palm oil prices fluctuated at a low level
1.4.3 Predictions on Palm Oil Market of 2018
1.4.3.1 Main producing countries’ output to increase in 2018; China’s palm oil import volume to continue to increase 
1.4.3.2 Global palm oil supplies to increase in 2018; prices to continue to run at a low level
 
1.5 Analysis and Forecast on Other Vegetable Oil Industry in 2018
1.5.1 Analysis and Forecast on Peanut Oil Industry
1.5.1.1 Peanut acreage increases, yield grows slightly
1.5.1.2 Peanut exports increased, Peanut oil imports decrease slightly
1.5.1.3 Aftered a sharp price decline, peanut and peanut oil prices remain low
1.5.1.4 Peanut oil processing capacity and enterprise layout
1.5.2 Analysis and Forecast on Sunflower Oil Industry in China
1.5.2.1 Sunflower acreage remains unchanged
1.5.2.2 Sunflower seeds exports and sunflower oil imports will both reduce
1.5.2.3 Sunflower oil processing capacity and enterprise layout
1.5.3 Analysis and Forecast on Sesame Oil Industry
1.5.3.1 Sesame acreage continues to decrease
1.5.3.2 Sesame import price drops, imports increase
1.5.3.3 Sesame processing capacity and enterprise layout
1.5.4 Analysis and Forecast on Camellia Oil Industry
1.5.4.1 Camellia oil acreage changes and layout
1.5.4.2 Camellia oil processing capacity and enterprise layout
1.6 Analysis and Evaluation on Vegetable Oil Processing Industry
1.6.1 Vegetable Oil Processing Industry Chain Is Relatively the Most Perfect and Mature Industry in Agricultural Products
1.6.2 Unbalanced Distribution of Vegetable Oil Processing Capacity with Various Investment Emphasis
1.6.2.1 Bulk vegetable oil industry enters into rapid integration period, focusing on perfecting industry chain layout
1.6.2.2 Small varieties are flourishing, competition pattern not formed
 
Part II: Analysis and Forecast on Supply and Demand Balance of Oil & Oilseeds in 2017/2018
2.1 Analysis on Supply and Demand Balance of Oil and Oilseeds by Variety
2.1.1 Analysis and forecast on soybean and soybean oil supply and demand balance
2.1.2 Analysis and forecast on supply and demand balance of rapeseed and rapeseed oil
2.1.3 Analysis and forecast on supply and demand balance of peanut and peanut oil
2.1.4 Analysis and forecast on supply and demand balance of palm oil
2.1.5 Analysis and forecast on supply and demand balance of other small varieties
2.2 Total Vegetable Oil Supply in China
2.2.1 Vegetable oil output from domestic oilseeds continues to decline
2.2.2 Vegetable oil imports (oil equals to oilseeds) continues to increase
2.2.3 External dependence degree exceeds 75%
2.3 Vegetable Oil Consumption in China
2.3.1 Vegetable oil consumption growth is slowing
2.3.2 Vegetable oil consumption structure changes, small varieties demand grows
2.4 Vegetable Oil Market Forecasts in 2017/2018
2.4.1 Vegetable oil imports continues to increase mainly in oilseeds imports
2.4.2 Vegetable oil consumption tends to reach saturation, consumption structure adjustments continue
2.4.3 Analysis and prediction on vegetable oil supply and demand balance
 
Part III: Investment Trends and Analysis on Oil & Oilseed Industry in China
3.1 Comprehensive Analysis on Vegetable Oil
3.1.1 COFCO
3.1.2 Yihai Kerry
3.2 Analysis on Key Enterprises (single product)
3.2.1 Jiusan Group
3.2.2 Luhua Group
3.2.3 Mighty
3.2.4 Xiwang
3.2.5 Changshouhua
3.2.6 DaoDaoQuan
3.3 Analysis on Key Camellia Oil Enterprises
3.3.1 Jinhao
3.3.2 Guitaitai
3.3.3 Gaozheng
3.3.4 Shanrun
3.4 Other high-end small variety vegetable oil enterprises
Liaoning Shengmai
3.5 Analysis on Vegetable Oil Investment Projects in 2017
Including Investors, Scale, Model & Area
3.6 Analysis on Vegetable Oil Industry Investment Prospects
 
FIGURE CONTENTS
Figure 2-1, Changes in China Soybean Planting Acreage and Production, 2000-2017
Figure 2-2, Changes in China Soybean Supply and Structure, 2000-2017
Figure 2-3, Changes in China Soybean Crushing and Soy-oil Production, 2000-2017
Figure 2-4, Changes in Soybean Import Volume and Price, 2015-2017
Figure 2-5, China Soybean Import Volume by Original Country, 2000-2017
Figure 2-6, China Soybean Import Volume by Province, 2014-2017
Figure 2-7, Main Soybean Import Enterprises, 2014-2017
Figure 2-8, Changes in Soybean Oil Import Volume and Price, 2014-2017
Figure 2-9, Average Prices of Domestic and Ports Soybean, 2013-2017
Figure 2-10, Average Price of Soy Oil in Major Production and Purchasing Areas, 2013-2017
Figure 2-11, Average Price of Soy Meal in Major Production and Purchasing Areas, 2013-2017
Figure 2-12, Average Soybean Crushing Margin, 2013-2017
Figure 3-1, Changes in China Rapeseed Planting Acreage and Production, 2000-2017
Figure 3-2, Changes in China Rapeseed Supply and Structure, 2000-2017
Figure 3-3, Changes in China Rapeseed Crushing and Rap-oil Production, 2000-2017
Figure 3-4, Changes in Rapeseed Import Volume and Price, 2015-2017
Figure 3-5, Main Soybean Import Enterprises, 2014-2017
Figure 3-6, Changes in Rapeseed Oil Import Volume and Price, 2015-2017
Figure 3-7, Average Prices of Domestic and Ports Rapeseed, 2015-2017
Figure 3-8, Average Price of Rap-oil Produced from Imported Rapeseed, 2015-2017
Figure 3-9, Average Price of Rap-meal Produced from Imported Rapeseed, 2015-2017
Figure 3-10, Average Imported Rapeseed Crushing Margin in South Coastal Areas, 2015-2017
Figure 4-1, Changes in Palm Oil Import Volume and Price, 2015-2017
Figure 4-2, Palm Oil Import by Original Country, 2000-2017
Figure 4-3, Palm Oil Import Species Structure
Figure 4-4, Palm Oil Stocks at Main China Ports
Figure 4-5, Average Price of Palm Oil, 2014-2017
Figure 5-1, Changes in China Peanut Planting Acreage and Production, 2000-2017
Figure 5-2, Changes in Peanut Export Volume, 2000-2017
Figure 5-3, Changes in Peanut Oil Import Volume and Price, 2013-2017
Figure 5-4, Average Price of Peanut and Peanut Oil, 2013-2017
Figure 5-5, Changes in China Cottonseed Planting Acreage and Production, 2000-2017
Figure 5-6, Average Price of Cottonseed in Main Producing Areas, 2013-2017
Figure 5-7, Average Price of Cottonseed Oil in Main Producing Areas, 2013-2017
Figure 5-8, Changes in China Sunflower seed Planting Acreage and Production, 2000-2017
Figure 5-9, Changes in Sunflower seed Import and Export Volume, 2000-2017
Figure 5-10, Changes in Sunflower seed Oil Import Volume, 2000-2017
Figure 5-11, Changes in China Sesame Planting Acreage and Production, 2000-2017
Figure 5-12, Changes in Sesame Import and Export Volume, 2000-2017
Figure 5-13, Changes in Sesame Oil Import and Export Volume, 2000-2017
Figure 6-1, Changes in China Vegetable Production and Import Volume, 2000-2017
Figure 6-2, China Vegetable oil Consumption, 2000-2017
Figure 6-3, China Vegetable oil Consumption Structure in 2017
Figure 7-1, Vegetable oil processing industry chain
Figure 7-2, Analysis on business status of key camellia oil enterprises 
Figure 7-3, Comparison of investment opportunities in vegetable oil industry
 
Table Contents
Table 1-1,Statistics of Temporary Storage Rapeseed Oil bidding Sale
Table 2-1, China Soybean Supply and Demand, 2012/13~2017/18
Table 2-2, China Soybean Oil Supply and Demand, 2012/13~2017/18
Table 2-3, Major Soybean Import Enterprises in 2016
Table 2-4, Major Soybean Oil Import Enterprises in 2016
Table 3-1, Major Rapeseed Import Enterprises in 2016
Table 3-2, China Rapeseed Supply and Demand, 2012/13~2017/18
Table 3-3, China Rapeseed Oil Supply and Demand, 2012/13~2017/18
Table 4-1, Major Palm Oil Import Enterprises in 2017
Table 7-1, Characteristics analysis on comprehensive vegetable oil enterprises
Table 7-2, Characteristics analysis on single product vegetable oil enterprises
Table 7-3, Analysis on key camellia oil enterprises
Table 7-4, China’s vegetable oil investment projects in 2017
Table 7-5, Market attractiveness evaluation on vegetable oil investment in China
 
Attached Table 1, China Soybean Planting Acreage and Production
Attached Table 2, China Rapeseed Planting Acreage and Production