Report Summary
China is one of the largest producers of corn in the world its annual production makes up 18-20% of the world total and the output in the 2005/2006 cropping year is foreseen to be 1.3 hundred million tons.
The annual consumption of corn for feed has seen around 3% growth in recent years and the annual consumption of corn for industrial use has seen over 10% growth. Corn supply has been remaining unchanged but the demand has been on the rise. Will this affect the future development of the feed industry and further processing of corn? Will China shift from a net exporter to a net importer of corn? What trend the Chinese corn market will go through in 2006? These issues shall be addressed by this report.
Further corn processing based on corn starch disnatured starch ethanol and starch sugar enjoyed a positive development in China in 2005 yet competition among processing enterprises intensified and there were constant occurrence of mergers and restructuring of companies. How the corn processing industry will change in 2006? How product composition of the processing industry change? How the processing market shall face competition from the international market? The second part of this report has illustrations on these concerns?
Based on analyzing the national corn market and further processing market in 2005 this report has certain forecasts on the two markets in the future.
Report Outline
Chapter 1 Analysis & Forecast on Corn Market, 2005-2006
Section 1 Corn Supply in China
1.1 Supply driven by domestic production
1.1.1 Slow growth of corn acreage
1.1.2 Stable corn production
1.2 Corn demand
1.2.1 Total demand
1.2.2 Consumption as feed and forecast
1.2.3 Rapid growth of consumption by industry
1.2.4 Stable food consumption of corn
1.2.5 Corn export and forecast
1.3 Analysis of equilibrium of supply & demand of corn and forecast
Section 2 Internationalization of Domestic Corn Market
2.1 Comparison of corn supply in domestic & international markets, 2005
2.1.1 Growing trend of corn production in the world
2.1.2 Gradual decline of corn export in the world in late years
2.1.3 Gradual decline of corn stock in the world
2.2 Total corn consumption in the world in 2005 and forecast
2.2.1 Comparison of corn consumption structure between China and the US
2.2.2 Comparison of corn consumption as feed between China and the world
2.2.3 Comparison of industrial corn consumption between China and the US
2.2.4 Analysis of main corn importing countries in the world
Section 3 Corn Price & Trend
3.1 International futures price and trend
3.1.1 Analysis of CBOT corn futures price
3.1.2 Analysis of TGE corn futures price
3.2 Corn price and trend in China, 2005
3.2.1 Analysis of corn market price in China
3.2.2 Comparison of domestic corn price with international futures price
Section 4 Review of primary incidents of corn market in 2005 and forecast
- "No. 1 document" focused on agriculture farmers & rural areas again 28 provinces immune from agricultural tax
- World Food Day held in Yunnan
- Breakthrough of research on "super corn" in China
- Falling of grain price dragged CPI and Bird Flu affected feed processing
- Over 10% growth of yields of four main crops
- Subsidy on extension of quality corn varieties in Heilongjiang
- Shanxi allocated 2 million Yuan to subsidize quality corn varieties
- WFP stopped grain aid to China
- 322.6 billion Yuan to support agriculture
Chapter 2 Market Analysis of Further Processed Corn Products, 2005 & 2006 Forecast
Section 1 Review of further Corn Processing Industry in China
Section 2 Review & Outlook of Corn Starch Market in China
2.1 Review
2.1.1 Corn starch most important starch variety
2.1.2 Three main producing provinces
2.1.3 Scale expansion and centralization of production enterprises
2.1.4 Main producers
2.2 Analysis comparison and forecast for corn starch price
2.3 Analysis of corn starch import and export and forecast
2.4 Trend of future processing of corn starch
Section 3 Review & Outlook of Disnatured Starch
3.1 Analysis of disturbed corn starch production
3.1.1 Review of production
3.1.2 Production features
3.2 Analysis of import and export of disnatured starch
3.3 Forecast for trend of disnatured corn starch
Section 4 Market Analysis of Corn Starch Sugar & Forecast
4.1 Production of corn starch sugar, 2005
4.1.1 Review of starch sugar production
4.1.2 Features of corn starch sugar production in China
4.1.3 Corn consumption by starch sugar in China
4.2 Analysis of import and export of starch sugar
4.3 Trend of corn starch sugar
Section 5 Review & Outlook of Corn Gourmet Powder Industry
5.1 Analysis of production of corn gourmet powder, 2005
5.1.1 Gross production of gourmet powder in China
5.1.2 Features of gourmet powder production based on corn
5.1.3 Corn consumption by gourmet powder production
5.2 Analysis of import & export of gourmet powder
5.3 Trend of gourmet powder production based on corn
Section 6 Rapid Growth of Alcohol & Ethanol Industry
6.1 Production analysis of alcohol and ethanol made from corn
6.1.1 Rising of total output of alcohol year on year
6.1.2 Features of corn alcohol production
6.1.3 Corn consumption by alcohol production
6.2 Analysis of import and export of alcohol
6.3 Prospect of corn alcohol development
Section 7 Market Analysis of other further Processed Corn Products
7.1 Analysis of lysine market in 2005 and forecast
7.1.1 Market structure of corn lysine in China
7.1.2 Constant growth of domestic supply
7.1.3 Falling of lysine price
7.2 Market analysis of lemon acid in 2005 and forecast
7.2.1 Lemon acid mainly for export volume on constant rise
7.2.2 Extensive geographical distribution of lemon acid production
Section 8 General Analysis of Corn Further Processing Industry in China & Forecast
8.1 Analysis of structure of corn further processing industry, 2005
8.1.1 Regional distribution of corn further processing and forecast
8.1.2 Higher concentration of corn further processing
8.2 Comparison of structure of further processed corn products between China and the US
8.3 Weakness of corn further processing industry in China
8.3.1 Layout of corn further processing should be restructured
8.3.2 Structure of further processed corn products to be reformed
Section 9 Review of Primary Incidents of Corn further Processing Industry, 2005
- COFCO and CGOG to jointly build up grain and oil air carrier with 60 billion Yuan
- Changchun economic zone set up corn industry park with output value at 100 billion Yuan
- Fengyuan Group to set up a project in Baichen Jilin to process 2 million tons of corn yearly
- Zhucheng Xingmao invested 2 billion Yuan to set up corn starch with annual production of 1 million tons in Kailu, Inner Mongolia
- 500,000-ton further corn processing project of Daqing Yufeng Company in operation
- 900,000-ton corn further processing project of Baicheng, Jilin passed national environmental verification
- Jinxin Biochemical Liaoning invested 2.1 billion Yuan in corn processing project in Tieling
- Other projects being constructed in 2005
Tables
Table 1 China's corn production, 1996-1997 to 2005-2006
Table 2 China's corn import, 1996-2005
Table 3 China's corn import by original country, 2005
Table 4 Corn's feed use of China, 1995-1996 to 2005-2006
Table 5 Industrial consumption of corn, 1995-1996 to 2005-2006
Table 6 Food consumption of corn, 1996-2005
Table 7 Corn export, 1996-2005
Table 8 China's corn export by original country, 2005
Table 9 China's corn exports by province, 2005
Table 10 Balance of supply and demand of corn, 1995-1996 to 2005-2006
Table 11 Corn starch production with total starch production, 1996-2005
Table 12 Main enterprise's produce ability of corn starch, 2005
Table 13 Import & export of corn starch, 1996-2005
Table 14 Production of disnatured starch, 1996-2005
Table 15 Main enterprise's produce ability of disnatured corn starch, (2005
Table 16 Production of starch sugar, 1996-2005
Table 17 Main enterprise's produce ability of corn starch sugar, 2005
Table 18 Import & export of fructose & fructose syrup, 1996-2005
Table 19 Import & export of glucose & glucose syrup, 1996-2005
Table 20 Total production of gourmet powder, 1996-2005
Table 21 Main enterprise's produce ability of gourmet powder, 2005
Table 22 Import & export of gourmet powder by China from, 1996-2005
Table 23 Production of alcohol based on fermentation method from, 1996-2005
Table 24 Main enterprise's produce ability of corn alcohol based on fermentation method, 2005
Table 25 Import & export of alcohol by China from, 1996-2005
Table 26 Main enterprise's produce ability of lysine, 2005
Table 27 Lysine production of China, 2000-2005
Table 28 Lysine import & export by China, 1996-2005
Table 29 Monthly import & export of lysine, 2005
Table 30 Production of lemon acid by China, 1996-2005
Table 31 Import & export of lemon acid by China, 1996-2005
Table 32 Main enterprise's produce ability of lemon acid, 2005
Table 33 Corn consumption by further processing in China, 1996-2005
Table 34 Corn consumption by industrial use, 1996-2005
Annex 2: Implementation scheme on subsidizing extension of quality varieties of corn and soybean in Heilongjiang, 2005
Figures
Fig 1 Changes of corn acreage, 1995-2005
Fig 2 Total corn production, 1979-2005
Fig 3 Changes of corn for feed use, 1991-1992 to 2005-2006
Fig 4 Industrial consumption of corn, 1996-2006
Fig 5 Food consumption of corn
Fig 6 Yearly corn export, 1996-2005
Fig 7 Monthly corn export, 2005
Fig 8 Destinations of corn export, 2005
Fig 9 Main exporting regions, 2005
Fig 10 Changes of corn stocks, 1991-1992 to 2005-2006
Fig 11 Status of China in world corn production
Fig 12 Changes of corn export in the world, 1991-1992 to 2005-2006
Fig 13 Corn export by main countries
Fig 14 Trend of corn stock in the world, 1997-1998 to 2005-2006
Fig 15 Comparison of corn consumption structure between China & the US
Fig 16 Comparison of feed consumption of corn between China & the world
Fig 17 Comparison of corn supply & feed consumption between China & the world
Fig 18 Comparison of industrial consumption of corn between China & the US
Fig 19 Main importing countries of corn in the world
Fig 20 CBOT corn futures price, 2005
Fig 21 Trend of TGE corn futures price, 2005
Fig 22 Trend of wholesale corn price, 2005
Fig 23 Corn wholesale price in China & comparison with futures prices at DCECBOT & TGE, 2005
Fig 24 Development of industrial corn consumption in China
Fig 25 Comparison of corn starch production with total starch production
Fig 26 Changes of corn starch production of Shandong, Jilin & Hebei, 1995-2005
Fig 27 Main producing regions of corn starch, 2005
Fig 28 Main corn starch producers, 2005
Fig 29 Comparison of corn starch price & corn price, 2005
Fig 30 Import and export of corn starch by China, 1996-2005
Fig 31 Corn starch production & corn consumption
Fig 32 Production of disnatured corn starch, 1988-2005
Fig 33 Regional layout of disnatured starch production
Fig 34 Layout of producers of disnatured corn starch
Fig 35 Import and export of disnatured starch by China, 1996-2005
Fig 36 Disnatured corn starch & its corn consumption
Fig 37 Changes of growth of total production of starch sugar, 1995-2005
Fig 38 Composition of starch sugar products
Fig 39 Changes of growth of liquid starch sugar production, 1995-2005
Fig 40 Changes of growth of production of fruit syrup & crystallized glucose, 1995-2005
Fig 41 Regional layout of starch sugar production
Fig 42 Layout of starch sugar producers
Fig 43 Corn consumed by starch sugar production in China, 1995-2005
Fig 44 Import & export of fructose & fructose syrup, 1996-2005
Fig 45 Import & export of glucose & glucose syrup, 1996-2005
Fig 46 Total production of gourmet powder, 1993-2005
Fig 47 Structure of producers of gourmet powder based on corn, 2005
Fig 48 Regional layout of gourmet powder production based on corn, 2005
Fig 49 Import & export of gourmet powder by China, 1996-2005
Fig 50 Production of alcohol based on fermentation method, 1997-2005
Fig 51 Regional layout of corn alcohol
Fig 52 Main producers of corn alcohol
Fig 53 Corn alcohol production & corn consumption in China, 1997-2005
Fig 54 Import & export of alcohol by China, 1996-2005
Fig 55 Producers of lysine based on corn, 2005
Fig 56 Regional distribution of corn lysine production, 2005
Fig 57 Lysine production import & export by China, 1996-2005
Fig 58 Monthly import & export of lysine, 2005
Fig 59 Price trend of lysine, 2005
Fig 60 Production of lemon acid import & export by China, 1994-2005
Fig 61 Regional distribution of lemon acid production, 2005
Fig 62 Comparison between corn further processing regions & corn output, 2005
Fig 63 Comparison between corn further processing regions & corn output, 2005 & 2006 forecast
Fig 64 Corn consumption by main further processing enterprises
Fig 65 Corn consumption by further processing in the US, 2005
Fig 66 Corn consumption by further processing in China, 2005
