Animal or vegetable oils used in food production are collectively referred to as edible oils, which are liquid at room temperature. Due to the source of raw materials, processing technology and quality, most common edible oils are vegetable oils, including corn oil, peanut oil, olive oil, camellia oil, mustard seed oil, sunflower seed oil, soybean oil, sesame oil, walnut oil, etc.
Analysts of Sunpu consulting industry pointed out that the total world vegetable oil production in 2014 was 137.45 million tons, an increase of 4.31%, which was the average level of historical growth rate.
Soybean oil output was 37.61 million tons, an increase of 1.89 million tons over the previous year, and the global total consumption was 37.37 million tons; Palm oil production was 45.13 million tons, an increase of 2.7 million tons over the previous year, and the demand was 44.28 million tons; In 2013, the global output of rapeseed oil was 21.92 million tons, an increase of 1.57 million tons compared with the previous year, and the demand was 21.45 million tons. The continuous growth of global vegetable oil production is mainly due to the substantial increase of oilseed planting area.
During the 11-14 years, global vegetable oil consumption increased by 27%. The growth of global population and the increase of disposable income are the main factors for the growth of global vegetable oil. Among them, China and India are the largest consumers of vegetable oil in the world.
The growth of global population and the improvement of per capita disposable income have increased the global vegetable oil consumption by 14% and the biofuel industry by 13%. In addition, China and India have the largest population and economic growth. In 10 years, China's consumption of soybean oil and palm oil will increase by 140% and 200% respectively, and India's consumption of soybean oil and palm oil will increase by 200%.
In 2014, the global biodiesel production capacity will increase from 5.5 million tons in 2010 to 15 million tons, of which the EU will account for 70% of the global biodiesel production capacity. Biodiesel production in Asia, the United States and South America is also expected to increase.
Monopoly by international giants has become a real threat to China's edible oil strategic security. At present, 80% of the world's grain trading volume and more than 75% of China's oil market's raw materials, processing and edible oil supply have been controlled by the four major multinational grain merchants with a century's history, namely, ADM (Archer Daniels Midland), Bunge (Bunge), Cargill (Cargill) and Louis Dreyfus (Louis Dreyfus).
Among 97 large-scale oil and fat enterprises in China, 64 multinational grain companies hold shares, accounting for 66% of the total share capital; Among the top ten edible oil processing enterprises, there are three with an annual output of more than 1.5 million tons, namely "Yihai", "Kerry" and "COFCO". The first two enterprises have foreign investment background and belong to the same group, namely Malaysia Fengyi international, "Kerry" produces brands such as golden dragon fish, Hu Jihua and Citigroup edible oil, and "Yihai" participates in the production of Luhua and other brands. Jinlongyu, Fulinmen and Luhua account for more than 70% of the market share of China's edible oil, of which "Fengyi Jiali series" monopolizes nearly 50% of the market share of China's edible oil, while "COFCO series" mainly imports edible vegetable oil from ADM of the United States. Relying on the advantages of capital, history and experience, international giants have completed the absolute control of upstream raw materials, futures, midstream production and processing, brand and downstream market channels and supply.
According to the in-depth research and prospect forecast report of China's edible oil industry from 2014 to 2018 released by Shangpu consulting industry investment decision network, it is estimated that the sales revenue of small package oil market will account for 27% of the national edible oil market in 2014. In recent years, the average growth rate of the industry is about 30%.
YIHAI KERRY and COFCO are the absolute giants in China's small package edible oil industry. For many Chinese small package edible oil enterprises, it is an impossible task to surpass them. However, this does not mean that these enterprises will not have the opportunity, because the future competition of small package edible oil is not only the competition of quality, but also the competition of category, The market of traditional salad oil and blended oil is nearly saturated, so it is imperative to develop new kinds of edible oil.
At the end of June 2014, the number of Enterprises above Designated Size in China's edible oil industry reached 2136, a year-on-year increase of 15.9%. The total assets reached 231.150 billion yuan, up 33.1% year on year. Sales revenue reached 425.091 billion yuan, up 7.5% year on year. The output reached 26.78 million tons, a year-on-year increase of 25.7%.
At present, the per capita consumption of edible vegetable oil in China is 18 kg, close to the world average level of 20 kg.
In recent years, although China's soybean oil production is increasing year by year, it can not keep up with the growth rate of consumption, and the gap between supply and demand can only be balanced by imports. At present, soybean oil has become the largest variety of vegetable oil in China.
