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Research Report on China's Palm Oil Market
Beijing Zeefer Consulting Ltd., July 2008, Pages: 77
This report presents a full view of China’s palm oil market, provides analysis and suggestions on how to enter this big market in China. The report includes an analysis on market share, competition, key players, market segmentation, import & export changes, sales channel, buyer’s behavior, entry barriers, industrial environment and policy trends. The report introduces the procedure for exporting products to China, the Chinese inspection & standards system, a list of major importers & agencies, annual trade fairs in China and provides full forecasts to 2010 and key statistical data.
Through this research report, readers will know who the major players in China’s palm oil market are, what the market entry opportunities and barriers are, where the right place to sell products is and how many countries / regions export their products to China and where they go.
China hasn’t manufactured palm oil since the 1970s and has relied on importation for domestic consumption. According to information released by the State Administration for Grain, the annual consumption of vegetable oil per person has reached 14.2-14.6 kilos comparing with that of 2.2 kilos in the 1980s. This means that the domestic supply is far from enough to meet this huge demand and importation is needed to satisfy the demand.
With regard to consumption, the Chinese attach much importance to traditional festivals, therefore, festivals and holidays are the busy seasons for the restaurant and food industries and thus the consumption of palm oil increases. In particular New Year’s Day and the Spring Festival are the peak periods for palm oil consumption. As far as the main consumers are concerned, urban residents are also the main consuming group.
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