Report Update Nov 1, 2024

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

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China: Rennet Market 2024

Rennet Market Size in China

After three years of decline, the Chinese rennet market increased by 5% to $X in 2021. In general, consumption saw a resilient increase. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Rennet Production in China

In value terms, rennet production expanded remarkably to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by 68% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Rennet Exports

Exports from China

Rennet exports from China surged to X tons in 2021, jumping by 147% on the previous year. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 227%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, rennet exports soared to $X in 2021. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 578% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Bangladesh (X tons) was the main destination for rennet exports from China, with a 48% share of total exports. Moreover, rennet exports to Bangladesh exceeded the volume sent to the second major destination, Pakistan (X tons), fourfold. The third position in this ranking was held by Sri Lanka (X tons), with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume to Bangladesh totaled +47.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+345.6% per year) and Sri Lanka (+369.9% per year).

In value terms, the largest markets for rennet exported from China were Bangladesh ($X), India ($X) and Pakistan ($X), with a combined 49% share of total exports. These countries were followed by South Africa, Singapore, Djibouti, Turkey, the United States, Sri Lanka, Vietnam, Italy, Serbia and Tanzania, which together accounted for a further 32%.

Tanzania, with a CAGR of +11,257.4%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average rennet export price stood at $X per ton in 2021, with an increase of 39% against the previous year. In general, the export price showed a pronounced increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 134% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was India ($X per ton), while the average price for exports to Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+38.1%), while the prices for the other major destinations experienced more modest paces of growth.

Rennet Imports

Imports into China

In 2021, imports of rennet and concentrates thereof into China skyrocketed to X tons, rising by 25% against the year before. In general, imports saw significant growth. The growth pace was the most rapid in 2014 with an increase of 479%. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, rennet imports skyrocketed to $X in 2021. Over the period under review, imports recorded significant growth. The growth pace was the most rapid in 2014 when imports increased by 486% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Belgium (X tons) was the main supplier of rennet to China, with a approx. 98% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Belgium totaled +1.8%.

In value terms, Belgium ($X) constituted the largest supplier of rennet and concentrates thereof to China.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium amounted to +12.8%.

Import Prices by Country

The average rennet import price stood at $X per ton in 2021, remaining stable against the previous year. In general, the import price, however, continues to indicate a perceptible increase. The most prominent rate of growth was recorded in 2017 an increase of 93%. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Belgium.

From 2012 to 2021, the rate of growth in terms of prices for Ireland amounted to +22.7% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rennet and concentrates thereof in the world?

The countries with the highest volumes of rennet consumption in 2020 were China, the United States and India, with a combined 40% share of global consumption. Japan, Pakistan, Germany, Italy, Brazil, Indonesia, Turkey, France, the UK and Mexico lagged somewhat behind, together accounting for a further 33%.

What are the largest producers of rennet and concentrates thereof in the world?

The countries with the highest volumes of rennet production in 2020 were China, the United States and India, with a combined 40% share of global production. These countries were followed by Germany, Japan, Pakistan, Italy, Brazil, Indonesia, Turkey, Denmark, France and Mexico, which together accounted for a further 36%.

What are the leading suppliers of rennet and concentrates thereof to China?

In value terms, Belgium constituted the largest supplier of rennet to China.

What are the leading importers of rennet and concentrates thereof from China?

In value terms, Bangladesh emerged as the key foreign market for rennet exports from China, comprising 34% of total exports. The second position in the ranking was occupied by India, with a 12% share of total exports. It was followed by Pakistan, with a 12% share.

What is the average export price for rennet and concentrates thereof in China?

In 2020, the average rennet export price amounted to $3,217 per ton, declining by -85% against the previous year.

What is the average import price for rennet and concentrates thereof in China?

The average rennet import price stood at $16,442 per ton in 2020, dropping by -13.3% against the previous year.

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:

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.

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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023