Welcome toChinese corn Net
Add to Favorites || Chinese
Position:home>Corn News>
Analysis of China corn consumption of alcohol industry
From;    Author:
Bo Yun (BORN, 11.54, -2.86%) is a leading provider of maize consumption of alcohol production and sales in June 11, 2010 New York Stock Exchange listing in the United States. Here, we eat corn where Bo Yun-depth analysis of alcohol industry, the investors hope to profit concerns Bo derive valuable information. First, the Chinese Economy Since 1978, the Chinese government implemented the reform and opening up policy, China has significant economic growth. According to the National Bureau of Statistics and China Statistical Yearbook, 2008, 2004-2007, compound annual growth rate of China's GDP up 17.2%. Although the 2008 financial crisis has brought China's economy the negative impact of certain 2008 and 2009 GDP growth rate in China remain above 8%. According to IMF statistics, from 2009 to 2012, China's nominal GDP compound annual growth rate is expected to reach 10.1% of total nominal GDP in 2012 reached 44.8 trillion yuan (approximately 6.6 trillion U.S. dollars) . China's retail sector benefited from the growth of disposable income. Frost & Sullivan research report predicts that China's retail sales of consumer goods expected to grow from 2009's 12.5 trillion yuan (approximately 1.8 trillion) in 2012 increased to 19.6 trillion yuan (approximately 2.9 trillion), the compound growth rate of 16.1%. Second, China's consumption of alcohol industry overview According to Frost & Sullivan report, China is the third largest in 2008 consumption of alcohol producers. Chinese ethanol production accounted for 13.5% of the world, behind the U.S. (44%) and Brazil (30%) after. In 2008, China produced more than 90% of alcohol, consumption of alcohol, fuel ethanol accounted for less than 10%. According to Frost & Sullivan report, A is mainly used for consumption of alcohol and other drug and chemical use, B, and C and other edible alcohol is mainly used for producing wine. B, which is mainly used for the production of food grade alcohol, liquor, C, etc. for the production of middle and low consumption of alcoholic liquor and more. Third, China's consumption of alcohol market In 2004 China's domestic demand for consumption of alcohol was 230 million tons, more than doubled by 2009, up to 460 tons, the annual compound growth rate of 14.9%. 2004 to 2007, the consumption of alcohol, the growth in demand mainly from China's liquor industry and chemical industry. As China's per capita disposable income continued to grow, increasing demand for strong liquor; In addition, by the world economic recovery, the beneficial effects of the chemical industry is gradually restored. Thus, from 2009 to 2012, domestic demand for consumption of alcohol is expected to reach an annual compound growth rate of 16.6%, demand will reach 7.3 million tons in 2012. In 2004, alcohol consumption per ton price of 3,893 yuan (about 570.3 U.S. dollars); 2009, alcohol consumption per ton price of 4,009 yuan (about 587.3 U.S. dollars), up 3.0% over 2004. By the 2008 financial crisis, the average price of maize consumption of alcohol has declined. Alcohol consumption per ton of corn in 2008 was 4701 yuan price (about 688.7 U.S. dollars) in 2009 dropped to 4,009 yuan (about 587.3). But with the global economic recovery in 2009, consumption of alcohol prices in the fourth quarter of 2009 rose to 4512 yuan / ton. In China, the consumption of alcohol is mainly used for liquor production, chemical industry and medical industry. In 2008, these three uses of the consumption of alcohol consumption accounted for 51.3%, 47.2% and 1.5%. 2004 to 2008, China has become the world's food market, a net exporter of ethanol. In 2006, the Chinese government to give exporters of alcohol consumption by 13.0% export tax rebate policies. Encouraging in this policy, the export volume of alcohol consumption rose rapidly. The end of 2006, China's net exports of 965,000 tons of edible alcohol, about 2005, 7 times total exports. 2007, China abolished export tax rebate incentives, the consumption of alcohol in net exports fell to 11.1 million tons, in 2008 reduced to 10 tons. June 2009, consumption of alcohol in order to stimulate exports, the Chinese government to implement the export tax rebate policy. However, the export tax rebate rate of only 5%, not enough to increase the price of domestic ethanol exporters a competitive advantage. Fourth, China's demand for wine and alcohol consumption There are two production methods of liquor, one direct fermentation, the second is to use a mixture of alcohol consumption. In 2008, China produced liquor, about 70% of the consumption of alcohol is a mixture of corn mixed consumption of alcohol is the main raw material. According to Frost & Sullivan report, 2004-2009 liquor consumption has increased steadily. Wine production in 2004 is 270 million tons of wine production in 2009 reached 6.2 million tons, the annual compound growth rate of 18.1%. View of the good momentum of China's economic development, liquor production is expected to continue to grow. Chinese liquor is expected to yield 6.2 million tons from 2009 to 2012 increased by 980 million tons, up 16.5% compound annual growth rate. With the growth of wine production, Chinese demand is expected to alcohol consumption of 2.6 million tons from 2009 to 2012, an increase of 450 tons, the annual compound growth rate of 20.1%.