China - Rennet And Concentrates Thereof - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRennet Price in China - 2023
Contents:
- Rennet Price in China (FOB) - 2022
- Rennet Price in China (CIF) - 2022
- Rennet Exports in China
- Rennet Imports in China
Rennet Price in China (FOB) - 2022
The average rennet export price stood at $4,621 per ton in 2022, leveling off at the previous year. In general, the export price, however, continues to indicate noticeable growth. The pace of growth was the most pronounced in 2014 when the average export price increased by 134% against the previous year. Over the period under review, the average export prices hit record highs at $19,929 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($23,482 per ton), while the average price for exports to Peru ($892 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+31.6%), while the prices for the other major destinations experienced more modest paces of growth.
Rennet Price in China (CIF) - 2022
The average rennet import price stood at $16,461 per ton in 2022, standing approx. at the previous year. Overall, the import price saw a notable increase. The pace of growth was the most pronounced in 2017 when the average import price increased by 93% against the previous year. As a result, import price attained the peak level of $41,511 per ton. From 2018 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($76,951 per ton), while the price for Belgium amounted to $13,649 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+22.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Rennet Exports in China
In 2022, after three years of growth, there was significant decline in shipments abroad of rennet and concentrates thereof, when their volume decreased by -34.7% to 358 tons. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 147%. As a result, the exports attained the peak of 549 tons, and then contracted notably in the following year.
In value terms, rennet exports declined dramatically to $1.7M in 2022. In general, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 245%. As a result, the exports attained the peak of $2.6M, and then fell notably in the following year.
Export of Rennet in China (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 73.9 | 88.9 | 364 | 407 | 76.6% |
Bangladesh | 513 | 254 | 620 | 306 | -15.8% |
Brazil | 17.7 | 18.6 | 90.4 | 284 | 152.2% |
Singapore | N/A | 2.5 | 151 | 92.4 | 507.9% |
United Kingdom | N/A | 1.9 | 30.5 | 62.1 | 471.7% |
Argentina | N/A | N/A | 46.3 | 56.1 | 21.2% |
Turkey | 3.0 | 10.3 | 80.7 | 33.2 | 122.8% |
Pakistan | 24.2 | 88.7 | 281 | 30.8 | 8.4% |
Hong Kong SAR | N/A | N/A | 17.2 | 16.4 | -4.7% |
Peru | N/A | N/A | 0.1 | 5.9 | 5800.0% |
Congo | N/A | 11.1 | N/A | N/A | 0% |
Djibouti | N/A | N/A | 97.0 | N/A | 0% |
Others | 308 | 269 | 791 | 363 | 5.6% |
Total | 940 | 745 | 2,568 | 1,657 | 20.8% |
Top Export Markets for Rennet from China in 2022:
- Bangladesh (213.9 tons)
- India (36.4 tons)
- Singapore (14.7 tons)
- Argentina (13.7 tons)
- Brazil (12.1 tons)
- Pakistan (12.0 tons)
- Turkey (8.5 tons)
- United Kingdom (7.3 tons)
- Peru (6.6 tons)
- Hong Kong SAR (5.7 tons)
Rennet Imports in China
After three years of growth, purchases abroad of rennet and concentrates thereof decreased by -10.4% to 76 tons in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +23.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.3% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 70% against the previous year.
In value terms, rennet imports dropped to $1.2M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +16.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 41% against the previous year.
Import of Rennet in China (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 562 | 1,041 | 1,291 | 996 | 21.0% |
Italy | 3.4 | 21.0 | 10.4 | 90.3 | 198.4% |
Others | 225 | 52.0 | 74.7 | 159 | -10.9% |
Total | 791 | 1,114 | 1,376 | 1,245 | 16.3% |
Top Suppliers of Rennet to China in 2022:
- Belgium (73.0 tons)
- Italy (1.2 tons)
This report provides an in-depth analysis of the rennet market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20146450 - Rennet and concentrates thereof
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the rennet market in China.
This report provides an in-depth analysis of the global rennet market.
This report provides an in-depth analysis of the rennet market in China.
This report provides an in-depth analysis of the global rennet market.
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