Report Update: Jan 1, 2025

China - Rennet And Concentrates Thereof - Market Analysis, Forecast, Size, Trends And Insights

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Rennet Prices in China

China Rennet Export Price in September 2022

In September 2022, the rennet price amounted to $16.8 per kg (FOB, China), surging by 143% against the previous month. In general, the export price continues to indicate a resilient increase. The growth pace was the most rapid in February 2022 an increase of 235% against the previous month. As a result, the export price attained the peak level of $23,763 per ton. From March 2022 to September 2022, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In September 2022, the country with the highest price was Ecuador ($87.5 per kg), while the average price for exports to Pakistan ($4,700 per ton) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+66.3%), while the prices for the other major destinations experienced more modest paces of growth.

China Rennet Exports

For the third month in a row, China recorded decline in overseas shipments of rennet and concentrates thereof, which decreased by -65.8% to 5.2 tons in September 2022. In general, exports showed a precipitous contraction. The most prominent rate of growth was recorded in June 2022 when exports increased by 222% against the previous month. The exports peaked at 51 tons in April 2022; however, from May 2022 to September 2022, the exports remained at a lower figure.

In value terms, rennet exports reduced markedly to $87K (IndexBox estimates) in September 2022. Overall, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in April 2022 when exports increased by 54% against the previous month. Over the period under review, the exports reached the maximum at 281 tons in January 2022; however, from February 2022 to September 2022, the exports stood at a somewhat lower figure.

China Rennet Exports by Country

Singapore (3 tons) was the main destination for rennet exports from China, accounting for a 58% share of total exports. Moreover, rennet exports to Singapore exceeded the volume sent to the second major destination, Pakistan (1.2 tons), threefold. The third position in this ranking was taken by India (300 kg), with a 5.8% share.

From January 2022 to September 2022, the average monthly growth rate of volume to Singapore was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Pakistan (-2.3% per month) and India (-28.4% per month).

In value terms, Singapore ($43K) emerged as the key foreign market for rennet exports from China, comprising 49% of total exports. The second position in the ranking was taken by the Dominican Republic ($17K), with a 20% share of total exports. It was followed by Ecuador, with a 12% share.

From January 2022 to September 2022, the average monthly rate of growth in terms of value to Singapore amounted to -2.1%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the Dominican Republic (0.0% per month) and Ecuador (+57.3% per month).

Source: IndexBox Market Intelligence Platform

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:

China

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:

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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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024