Olive oil in China | market booming | olive oil Chinese importers

olive oil Chinese importers Jun. 25 – China’s booming olive oil market is linked to increasing awareness of health diet among Chinese consumers. In 2017, China’s olive oil imports from the world amounted to around 37 thousand tons, the sales value of oils in the Chinese market totaled around 14.4 billion U.S. dollars, according to related statistic, of consumer goods, food & nutrition.

Olive oil in China

Olive oil in China gains attraction, with growing size of middle class and changing cooking habits of new generation Chinese, olive oil China market is booming as recently reported. It is wide believed that olive oil is one of the healthiest diets in the world, and it is a key factor of the celebrated ‘Mediterranean diet” – fresh fruit and vegetables, fish and pulses. According to Mintel research, Chinese way of cooking are more steaming and boiling less frying and scorching. This style is more obvious among aged around 30 married Chinese consumers. This lighter cooking trendy style is likely to remain widespread among Chinese families; Olive oil as a healthier ingredient adds more value to the food and to the way of Chinese cooking which to complement steamed or boiled foods. Nowadays, salad is trendy in Chinese dinner table, especially, as salad is becoming a popular diet among food item in China, and salad item often presented in restaurant menu card. The same is true with creating more personal taste of salad by add olive oil to it, more fit in the choice of individual flavors preferences, and more Chinese consumers are trying to recreate simple and healthy salad dish in the comfort of their homes by “do it yourself”, olive oil on-pack as a salad dressing or as a composite ingredient to make a dressing contain suitability for market development potential in China. Above of all, olive oil as salad healthier addressing has added-value to the flavors, it is a booming , however, olive oil prices is comparably expensive to other oils in China, between RMB 70 up to RMB 200 per liter. In the past, Olive oil prices averages at RMB 98 (USD 16.1) per liter, which is significantly higher than the remaining cooking oil market, which averages at RMB 17. As reported the Chinese market has started to appreciate foreign olive oil for various reasons during the past years. Even if the global consumption of olive oil has decreased, it actually increases in China. With double digits annually. Currently, Spain has benefited the most from this, accounting for about four-fifths of China’s total olive oil imports. Italy, Greece and Turkey are also among the countries with a share of the pie in this market, especially, reduction in production costs in Italy and China’s tariff reductions on olive oil from Italy, have boosted the popularity of Italian olive oil with Chinese consumers, and countries like Italy, Greece and Tunisia to adapt to Chinese consumers’ attitudes towards oil and their changing eating habits to continue increasing market share in this market in the future.

Olive Oil Market in China

With almost 1.4 billion population, China’s record economic progress has converted the country into an overall purchasing driving force. Particularly the magnitude of the market and its proportions of middle class, China is significant, it impacts global countless industry. At this moment, China’s olive oil market is booming. As we see an increase in the number of health-conscious consumers limiting the amount of oil in their diets. Traditionally, China is not olive oil consumption nation despite olive oil is considered to be one of the healthiest diets in the world. But now, olive oil market in China can be described as “small volumes used to, big market sizes to count on”. At the recent 2019 Eighth edition of World Olive Oil Exhibition in Madrid indicated that consumption of olive oil has increased consistently for the past 20 years worldwide, with Spanish producers making an effort to crack important expanding markets, such as the U.S. and China. Why Chinese consumers are fond of olive oil in their diets and cooking? it all begins with the increased wealth, increased awareness of health, and increased demand for more wellness in today’s China. Olive oil, It is widely believed that, among others, is one of the key ingredient of the healthy ‘Mediterranean diet’, that’s explained more about recent changes in growing olive oil consumption in China.            

These numbers speak capacities:

  • China accounts for 0,2% of the world olive oil production; the country produced only 5.000 tons of
    olive oil in 2016-2017, compared to the 2.539.000 tons produced globally (according to
    International Olive Council Production/Consumption/Imports Reports);
  • China’s olive oil imports from the world amounted to around 37 thousand tons in 2017, the sales
    value of oils in the Chinese market totaled around 14.4 billion U.S. dollars (according to statista);
  • China’s population consumed around 45,000 metric tons of olive oil in 2017, this figure marks
    China olive oil consumption volume;
  • There are over 300-brand olive oil appears in China market, which are nearly 100% imported from
    Spain, Greece, Italy, Turkey, Tunis, Portugal, Jordan, Australia, Argentina and etc.;
  • The average proportion of imported olive oil has been keeping the increases nearly 30% per year,
    according to a related graphic: China Imported Olive Oil data (ton);
  • It is anticipated 40,000 tons olive oil will be imported to China in the coming year.

Though these numbers only reveal part of the portrait of olive oil in China, they display China’s consumption wave move toward better and healthier direction. Despite this trend, the market is fragmented with different notions of health, reflected in spending decisions. While local Chinese olive oil companies are gaining traction, international brands in the quality and excellence category are still leading the industry. Chinese consumers still value the stringent food safety standards, improved quality and innovation that foreign brands promise, and they are willing to pay premium prices for them. As we see an increase in the number of health-conscious Chinese consumers limiting the amount of oil in their diets, more Chinese prefer healthier olive oil, China’s olive oil market is booming bigger in the near future.

Olive Oil Importers in China

China imports olive oil has been going on for a quite long period, at least with more than 10 years recorded statistics up to 2017; the average proportion of imported olive oil has been keeping the increases nearly 30% per year, according to a related graphic: China Imported Olive Oil data (ton). olive oil production in China accounts for 0,2% of the world production, there were 5.000 tons of olive oil produced in China, and 2.539.000 tons produced globally during 2016-2017, according to a related data from International Olive Council Production/Consumption/Imports Reports. Olive oil production in Chin is a rather tiny amount when compared with its 1.4 billion populations. However, it is anticipated 40,000 tons olive oil will be imported to China in the coming year, and the China olive oil market is getting more stable as imports is a remedy for curing the deficiency of olive oil supply in Chinese market. As one of the healthier food with nutrition value, olive oil is more and more welcome in China. There are over 300-brand olive oil appears in China market, which are nearly 100% imported from Spain, Greece, Italy, Turkey, Tunis, Portugal, Jordan, Australia, Argentina and etc. The main consumption cities of olive oil in China concentrated on major larger cities and middle-sized cities, such as: Beijing, Shanghai, Guangzhou, Shenzhen, and Tianjin other large and middle sized cities. For international olive oil producers, olive oil imports/exports companies attempt to seek the market opportunities in China, the List of Chinese Importers for Olive Oil is available, For further information. Please contact DCCC– the organization assists foreign companies to connect with reliable Chinese importers, distributors for Consumers Goods, Food-Beverages. Email info@dccchina.org

Consumer goods in China move towards Premiumization

Consumer goods in China move towards premium productsJun. 21 – Premiumization is a growing new phenomenon in China market with consumer goods; on-going premiumization is altering Chinese consumer’s habits. Consumption of fast-moving consumer goods in China remained robust in 2018, growing at a rate of 5.2%. Among others, premiumization playing a significant role in consumer goods sector of China mass market, according to a recent industry report.

Sense of Premiumization with Consumer Goods

Premiumization is simply a means of getting customers to pay higher prices for a brand or product. As a related report indicated that it’s about delivers value to customer, growth to the brand, and stretching the category norms upwards and creating a demand for customers to pay higher category prices. Here are some numbers from the latest China Shopper Report from Kantar Worldpanel and Bain & Company, Premium Products, Small Brands and Now New Retail. In 2018 the growth rate for the consumer goods sector is higher than the previous year’s 4.7 percent, with premiumization again playing a significant role in the sector as average selling prices rose by 4.6 percent and consumers continued to demonstrate a willingness to pay. “We continue to see premiumization playing an important role, as Chinese consumers favor goods that promise to improve their health and lifestyle,” said Bruno Lannes, partner in Bain’s Consumer Products Practice in China and a co-author of the report. “Brands can still encourage trading up, giving a much-needed boost to categories in which volume is either flat or slumping.”

Home Care and Personal Care Categories Grew at a Fast Clip

The report has tracked the shopping behavior of Chinese consumers across 106 fast-moving consumers goods categories purchased for home consumption in China for the last eight years. Home care and personal care categories grew at a fast clip, while food and beverage consumption increased at a slower pace, the report said. If measured by value growth though, soybean milk expanded the fastest at 49%, followed by mouthwash and oyster sauce. Chewing gum posted the lowest growth rate. Smaller brands are growth leaders compared with established and major brands in China as they grow faster than the top five brands in all categories except cosmetics and packaged water as consumers constantly looked for new brands and more character in their products. “The new reality is that many incumbent brands watch small brands doing an impressive job of serving specific consumer needs, responding in everything from R&D to digital marketing with agility and flexibility,” said Jason Yu, general manager of Kantar Worldpanel in China. The other major emerging trend involves New Retail. The report showed for the first time the growth limits of online penetration in China.

New Hope for Offline Stores

Overall, e-commerce channel growth slowed slightly to 30.6% between 2017 and 2018, compared with 35.1% annual growth between 2014 and 2018. Penetration in first-tier cities leveled off at around 80% in 2018. This trend offered new hope for offline stores to reformat themselves to offer seamless integration of online and offline shopping experiences. Large store formats also showed potential for growth, but it will require them to take on new roles such as reinventing themselves by upping their game in fresh food. For example, hypermarkets started to serve as a logistics base for 30-minute delivery of goods ordered online through leading delivery platforms in 2018. The report suggests that brands grow with winning channels and anticipate retailers’ consolidation by developing high-value and personalized products to make the most of the demand for high-end goods. For retailers, it is critical to redesign store portfolios in the new retail format and make the store experience more attractive by leveraging new technologies, the report said. For the List of Chinese Importer For Personal Care Products is available upon request, please contact with DCCC or email to: info@dccchina.org

China’s new wave pork meat deficiency – Pork importers in China

Pork importers in ChinaJun. 19 – Pork consumption in China is continuing rising despite pork disease in China at this moment, pork production in China is fall behind demand lead to pork price arising too. In short term, pork problem in China will not resolve easily and quickly. Pork importers in China are busy than ever to link the global pork producers, to bring pork into China market.

Pork Consumption in China

China butcheries almost 700 million pigs per year, by comparison with other meats, and pork meat is the most widely eaten meat among Chinese consumers. About the per capita consumption of pork products in China, in 2019, Chinese consume on average 34.2 kilograms of pork per person, and the number will grow to 34.7 in 2020, meat product imports to China had amounted to approximately 847.2 million U.S. dollars, according to statista 2019 predicated. In 2026, an average Chinese citizen is expected to consume 55 kilograms (121 pounds) of meat per year, up 10% from 2017. Pork will remain Chinese people’s favorite meat in the years to come, making up about 60% of all meat consumption, followed by poultry, beef and veal, and mutton and lamb, according to a related China report.

Pork Production in China

China’s pork production will fall by up to 20% in 2019 as African swine fever hits production of the meat in the world’s top hog market, statistically speaking, China’s pork local production in 2019 will be between 50 million and 51 million tonnes which lower than last year’s 54 million to 55 million tonnes, China normally books for about 50% the world’s output of the meat, as said by the research Rabobank. China’s pig herd declined by 15% in 2018, significantly weakened in the fourth quarter after the disease began spreading rapidly, according to Rabobank estimates. Pork output was 54 million tonnes in 2018, as stated by the China’s statistics bureau. At the same time, pork problem in China would lead to the drop in feed demand; China’s pig feed consumption down 25-30% in 2019, and overall feed demand down from 12 to 15%, as said by Chinese insiders.

Pork Demand in China

Geographically, China is not beef consumption nation, but pork. Given the size of the market and its growing middle class, China’s pork market demand is now impacting the global pork industry. Chinese pork consumption grew year-over-year for decades, nowadays, with China’s unprecedented economic growth, has transformed the country into a global purchasing powerhouse. As the China market contains almost 1.4 billion inhabitants, brand-savvy Chinese consumers still deeply value the stringent food safety standards, improved pork meat products quality that imported foreign brands promise, and they are willing to pay premium prices for them, the growing middle class is the major purchasing power. The higher demand for quality pork in China is more than Chinese producers can supply, that means pork import to China is nu-avoidable on the rise which the beneficiaries of China pork market amazing opportunity is global pork producers, it’s time to care about the demand of China pork market.

Pork Importers in China

In 2019, China’s pork imports are set to double from last year to 2 million tonnes, according to a Rabobank analyst. China demand for more pork (Meat and edible meat offal, fresh, chilled or frozen), pork meat importers in China is not easy to connect directly, besides there are necessary rules and regulations regarding pork import into China, pork import to China goes through different procedures , however, the crucial steps are only a few. The number one step to get into the China market is to connect with Chinese importers for pork meat in China, obviously, for many pork producers, this is the key to get into China pork market, bring their pork products to Chinese consumers. In order to help pork meat producers, import/exports businesses, the List of Chinese Importers/Distributors for Foreign Pork Products in China is available upon request, please contact with DCCC, or email to: info@dccchina.org.

China outbound investment 2019 – top 3 deals in sport leisure industry

China outbound investment 2019 - top 3 deals in sport leisure industryJun. 17 – China’s record economic rising has changed the country into a global outbound investor. Chinese investors is now impacting the global sport leisure industry, there is a growing tends in Chinese outbound investments in the global sport leisure brands which may indicate China’s role in the future of the global wellness economy. Here are the Chinese investors’ current 3 deals in sport leisure investments.

China’s Wanda Sports Group files for US IPO – (Deal 1)

Wanda Sports Group, the sport-related business unit of Chinese conglomerate Wanda Group, filed on Friday for an initial public offering (IPO) on the US stock market. The company plans to list on the Nasdaq Global Market under the symbol “WSG,” with an expectation to raise up to $500 million, according to its prospectus filed with the US Securities and Exchange Commission.

It intends to use proceeds to repay loan related to group restructuring, with the balance for strategic investments and general corporate purposes. Morgan Stanley, Deutsche Bank Securities and Citigroup are the joint bookrunners on the deal. No pricing terms were disclosed. Wanda Sports Group is one of the world’s largest sports events, media and marketing platforms in terms of revenue in 2018, according to an industry report by Frost & Sullivan, a third-party research firm.

The China-based company has a global footprint with business in the more mature sports markets of Europe, North America and Oceania, as well as the emerging markets of China, Southeast Asia and Latin America. As of Dec 31, 2018, it worked with more than 160 rights owners, more than 750 brands and more than 120 media broadcasters, the company said in its prospectus. (Date: 10 Jun 2019)

China’s Fosun Expected to Bid for UK Travel Firm – ( Deal 2)

Chinese conglomerate Fosun International is considering a bid for all or part of United Kingdom-based travel company Thomas Cook, according to reports. Fosun is understood to be one of a number of potential bidders that have held preliminary talks with Thomas Cook, which is the UK’s oldest travel company.

Discussions are in the early stages and any potential takeover would be months down the line, according to Sky News, which first reported the developments. Sky News named New York City-headquartered investment company KKR and Swedish private equity firm EQT as two other interested parties. Thomas Cook declined to comment when contacted by China Daily, and Fosun had not responded to requests at the time of publication.

Established in 1841, Thomas Cook is the world’s longest-running tour operator. Initially founded as a railway service, the company now has 22,000 staff serving 19 million customers a year in 16 countries. The company runs its own airline and operates nearly 600 high-street travel stores around the UK. Last year, the company suffered heavy losses, brought on by an increasingly competitive travel market and a summer heatwave that saw fewer Brits go abroad on holiday. In November, Thomas Cook announced pre-tax losses of 163 million pounds ($211 million) for 2018, compared with profits of 9 million pounds the previous year.

Thomas Cook put its airline up for sale earlier this year when it also announced the closure of 21 UK stores and the loss of 300 jobs. The company’s chief executive, Peter Fankhauser, said 2018 had been a “disappointing year”. “The UK was particularly hard hit with very high levels of promotional activity coming on top of an already competitive market for holidays to Spain,” Fankhauser said when he issued the profit warning in November.

Thomas Cook and Fosun have already partnered in China, where they established a joint venture in January. That deal involves building two hotels, including a Chinese branch of the British travel company’s Casa Cook chain. The hotels will be constructed by Fosun and managed by Thomas Cook. Fosun has made notable investments in the UK in recent years. It purchased Premier League soccer club Wolverhampton Wanderers for 45 million pounds in 2016. And, last year, Fosun affiliate Resolution Property bought four floors of the Royal Exchange building in the City of London for 45 million pounds.

Fosun is also focusing on building out its tourism portfolio. Its travel arm, Fosun Tourism, took control of major French holiday group Club Med in 2015. And last week, Fosun’s venture capital branch, Fosun RZ Capital, led a $6.75 million Series A investment round in Splitty, an online hotel booking startup based in Israel. “Fosun will definitely invest more in travel,” Wilson Jin, chairman of Fosun RZ Capital, said last Monday when the investment was announced. The largest-ever acquisition of a British travel company by a Chinese buyer happened in 2016, when Ctrip took control of Edinburgh-based flight booking company Skyscanner in a $1.7 billion deal. (Date: 24 Apr 2019)

China’s Anta Sports-led consortium about to Complete Purchasing of Amer Sports – (Deal 3)

A consortium led by China’s leading manufacturer of sportswear Anta Sports is about to complete the purchase of Finnish sporting goods company Amer Sports, according to an announcement issued by Anta Sports Products Limited on 13 March, 2019. Anta Sports published an offer in Helsinki to purchase all the shares of the Finnish Amer Sports on in December, 2018.

So far, with the shares tendered in the offer representing approximately 94.98 percent of all the shares and votes in Amer Sports (excluding shares held by Amer Sports or any of its subsidiaries), Anta has satisfied all of the terms and conditions of the tender offer, which entitles the Chinese company to complete the purchase. “The completion trades will be settled and the offer consideration will be paid to the shareholders who have validly accepted the Tender Offer in accordance with the terms and conditions of the Tender Offer on or about 29 March 2019,” Anta said in a statement.

Amer owns world famous sports brands such as Wilson, Arc’teryx, Atomic and Salomon. The successful acquisition will enable Anta, which has a brand portfolio including ANTA, FILA, DESCENTE, SPRANDI, KINGKOW and KOLON SPORT, a greater global exposure and influence. Besides Anta Sports Products Limited, the consortium also consists of investment fund FountainVest Partners, Canadian Anamered Investments and Chinese Tencent. Anta has 58% ownership in the consortium. (Date: 15 Mar 2019)

Bedsides Chinese outbound investments trends in sports leisure industry, related numbers and volumes revealed that currently there is also a growing the country’s trends in food & drink, the total value of foreign food imports amounted to $77 billion in 2018 while avocado prices hit a 19-year high in response to a 250% increase in demand for imports). The China market is gigantic which contains almost 1.4 billion inhabitants, and the growing middle class is the major purchasing power. Over the coming 15 years, China’s total purchase of Foreign Goods would amount to US$30 trillion, while its purchase of Services would reach US$10 trillion in the same period, according to China International Import Expo 2018. There are also related list of Chinese importers for food & dink available. Particularly for current China outbound investment in European countries, such as China report: Chinese Investments in Switzerland – Recent Years Transactions of Businesses Deals available upon request, please contact with DCCC, or email to: info@dccchina.org

China opener voor Nederlandse fondsen | Nieuwsbericht | DCCC

China opener voor Nederlandse fondsenJun. 11 – Nederlandse institutionele beleggers krijgen toegang tot de binnenlandse Chinese kapitaal-markt. Dat heeft de Chinese centrale bank woensdag bepaald. Het is voor het eerst dat Nederlandse beleggingsfondsen toegang krijgen tot de binnenlandse kapitaalmarkt in China. De centrale bank heeft hiervoor een quotum aan Nederlandse investeerders toegewezen van 50 miljard yuan, omgerekend 6,4 miljard euro.

Vermogensbeheerder Robeco zegt verheugd te zijn met het besluit. Topman Gilbert van Hassel spreekt van een belangrijke stap om nationale en internationale klanten nog beter te kunnen bedienen. Robeco zal naar eigen zeggen actief kijken hoe aanspraak gemaakt kan worden op een deel van dit toegekende quota.( Gepubliceerd op 5 jun 2019)

China’s Cosco Shipping Opens European Head Office in the Netherlands

China’s Cosco Shipping Opens European Head Office in the NetherlandsChina’s biggest specialized shipping company locates at Europe’s largest port, Rotterdam. China-based Cosco Shipping Specialized, one of the core members of Cosco Shipping Corporation, has opened its European regional head office in Rotterdam, Europe’s largest port.

“The start-up of this company is one of our methods to provide integral total solutions to specialized shipping and related industries,” said Guo Jing, vice-CEO of Cosco Shipping Europe. “Cosco Shipping has contributed for a long time to the sustainable development of Rotterdam, the Netherlands and Europe, by serving the infrastructure companies, manufacturers, import/export trading companies and EPC companies and projects,” he said.

Serving European customers – Mr. Jing said the Rotterdam office will enable the company to place more focus on European clients. The new company is now investing more in the development of trans-Atlantic voyages and intra-Europe sailings. Rotterdam “has witnessed the glorious history of cooperation between Europe and China and is leading the trend of global shipping development,” said Wu Mingliang, executive vice-president of Cosco Shipping Specialized. With its specialized shipping fleet, the largest in the world, Cosco puts the most advanced tonnages and service team into the new company as a platform, not only to catch the development opportunities of European and Atlantic markets, but also to provide more service to our customers, Mr. Mingliang said.

Strategic logistics hub – Arno Bonte, vice mayor of Rotterdam, welcomed Cosco in his city, saying that it underscores the strong bond between the city and China. In fact, Rotterdam and Shanghai are marking 40 years of city sisterhood this year. “Rotterdam always welcomes companies, especially companies like Cosco which aim at growing not only now, but also in the future,” he said. Rotterdam is one of the key linking pins in Holland’s logistics and infrastructure, making the Netherlands a strategic gateway to Europe and an attractive hub for foreign-owned logistics and distribution operations.

Joining sustainable wave of Port of Rotterdam – Bonte stressed that the Port of Rotterdam is moving to become the most sustainable and smart port in the world, which connects to Cosco’s sustainability ambitions. He said that in addition to Cosco’s own sustainability goals, the company also stressed the importance of sustainability amongst its customers. Furthermore, as Rotterdam is building more wind farms in the North Sea, offshore wind is a growing market and Cosco has strong capacity in the shipping of windmills, Mr. Bonte said.

About Cosco – Cosco Shipping Specialized operates more than a hundred vessels, including multi-purpose and heavy lift vessels, semi-submersible vessels, pure car carriers, logs carriers as well as asphalt carriers. It provides a wide variety of solutions for the transportation of various non-containerized cargo at sea.

Goederenvervoer per spoor tussen Nederland en China biedt kansen

Goederenvervoer per spoor tussen Nederland en China biedt kansenOp donderdag 4 april 2019 tekende een consortium van Nederlandse bedrijven een samenwerkings-verband met de Nederlandse overheid. Het doel is om goederenvervoer per spoor tussen Nederland en China te stimuleren.

De samenwerking wordt vormgegeven met het Partner for International Business programma (PIB), Road2Holland. Het PIB-cluster bestaat uit de GVT Group, Nunner Logistics, Havenbedrijf Rotterdam, Havenbedrijf Amsterdam, Samskip, TMA Logistics, Raillogix, LTE Group met als coördinator Panteia B.V.

Goedkoper en sneller – Goederenvervoer van en naar China wordt nog steeds gedomineerd door zee- en luchtvervoer. Sinds een paar jaar is het spoor echter een serieus alternatief. Het is goedkoper dan via de lucht en sneller in doorlooptijd dan via zeevracht. Meer vrachtvervoer per trein van en naar Nederland, komt ten goede aan Nederlandse bedrijven, de transportsector en regio’s.

Nederland eindpunt voor treinen uit China – Nederland is in Europa strategisch zeer goed gelegen. Het kan optimaal profiteren van de ontwikkelingen van het spoorvervoer tussen Europa en China. Nederland heeft directe en snelle verbindingen met het achterland en daarmee een bereik tot 170 miljoen consumenten in de grootste Europese markten. Dit samenwerkingsverband positioneert Nederland als het natuurlijke eindpunt voor treinen uit China.

PIB Road2Holland – Met PIB Road2Holland wil het bedrijvencluster de Nederlandse concurrentiepositie van de spoorsector in China verbeteren. De Nederlandse overheid helpt het cluster bij het realiseren van de doelen, via economische diplomatie en kennisuitwisseling. Dit helpt eventuele handelsbelemmeringen weg te nemen voor de gehele Nederlandse transportsector.

Snack food Chinese importers – China market for healthy snacks

Snack food Chinese importers Jun. 7 – Healthy snacks sale very well in China. Nutritional bars or high protein bars, nuts and seeds are the most popular travel friendly snacks. Today, Chinese people consume 2 trillion yuan ($289.85 billion) of snack food per year. China revenue in the snack food segment amounts to US$7,718m in 2019, the market is expected to grow annually by 4.9% (CAGR 2019-2023), according to statista.

Snack Food – China Market Estimate

Snack foods are generally eaten between meals which normally designed to be convenient, portable, satisfying and nourishing. Snacks come in a variety of forms including packaged snack foods and other processed foods, as well as items made from fresh ingredients at home. The Snack Food segment includes salty and savory foods e.g. with the spread of convenience stores, packaged snack foods became a significant business. China: revenue in the snack food segment amounts to US$7,718m in 2019, the market is expected to grow annually by 4.9% (CAGR 2019-2023), in relation to total population figures, per person revenues of US$5.41 are generated in 2019, the average per capita consumption stands at 0.7 kg in 2019, according to statista. Globally, in the snack food segment most revenue is generated in United States, Japan and China.

Chinese Consume 2 Trillion Yuan of Snack Food per Year

Chinese people consume 2 trillion yuan ($289.85 billion) of snack food every year according to the Xinhua News Agency reported recently. The “good-looking economy” is matched with “good-looking packaging design” of snack food in China, Chinese consumers pay more attention to exterior design, with snacks packed in gift boxes showing a high-end trend. With after wealth is health, snack food segment is changing in China, there is growing trend toward buying healthy snacks. Data showed that natural food, whole grain, sugar-free and additive-free have become “hot tags” for snack food. The major consumer force of snacks food are the younger generation Chinese, aged around 20-30, including younger age children in primary school, colleges or universities students, and office young employees, and they attracted by the convenient packaging, colorful design, more to the point, they appreciate the tastes and check-up the ingredients, care about healthy elements in snack food. By market performance from e-commerce platforms, last year, sales of lightly baked and additive-free nuts jumped nearly 190%. Dried fruits and vegetables also saw a surge in sales in 2018. This year China revenue in the snack food segment amounts to US$7,718m. That is to say, the average revenue per person in the snack food segment amounts to US$5.41 in 2019. Further in the Snack Food segment, volume is expected to amount to 1,047.0 mkg by 2023, according to snack food – China.

Imported Snacks Food in China

For international brands, American and European brands usually set relatively higher prices than the Asian brands (South Korea, Japan). However, comparing to the Chinese brands, brands from both regions have significantly lower sales, according to a related report. International brands started to enter the Chinese market after the reform and opening up in 1978 , but they mainly provided common snacks, including candy and cookies, instead of healthy food. Since the 1990s, more healthy snacks started to appear in China, but common unhealthy snacks were still more popular due to their better taste and perhaps consumers’ lack of health consciousness at that time. In the 21st century, as healthy habits become more important, Chinese consumers started to choose healthy snacks ranging from fresh fruit to dried fruit, nuts, and yogurt.

Distribution Channel of Healthy Snacks in China

Snack foods are intended to be portable, especially processed snack foods, as one form of convenience food, are anticipated to be less perishable, more durable and transportable than prepared foods. In China, Healthy snacks are mainly sold in a supermarket, brand stores, part of convenience stores (such as Family Mart), import stores and specialized snacks shops. Chinese consumers usually purchase healthy snacks on-the-shelf from convenience stores, supermarkets, import stores and snacks brands stores. The prices of nuts are generally higher than other healthy snacks in offline stores. Many brands are using smaller packages that make healthy snacks be easily carried. In some stores, healthy snacks have QR codes on their price tags for consumers to scan (with a smartphone) and pay by WeChat or Alipay. For the List of Chinese Importers For Snacks Food is available upon request, please email to: info@dccchina.org

China outbound tourism to climb 166 million 2019 – China tours operators

China outbound tourism to climb over 166 million in 2019 – connect Chinese tours operatorsJun. 5 – China’s outbound tourism market saw healthy growth in 2018 as mainland travelers registered 149.72 million outbound visits last year, up 14.7% from the previous year, according to the Ministry of Culture and Tourism. China’s tourism market is expected to enjoy healthy year, outbound holidays are forecast to climb 11% to over 166 million in 2019, according to the China Tourism Academy.

China’s Outbound Tourism Increasingly Popular

The ministry described the outbound tourism market as “growing at a steady pace”. In total, the country’s tourism industry grossed a revenue of 5.97 trillion yuan ($880 billion) last year, and preliminary estimates showed the sector contributed 11.04% to China’s GDP in 2018, according to the ministry. Tourism, especially outbound tourism, has become more and more popular among Chinese residents who increasingly emphasize high quality services and better shopping experiences, industry observers said. According to the China Tourism Academy, Chinese travelers spent some $120 billion in 2018 on tour packages, tickets, hotel reservations and shopping.

Group Tours – Predominant with Chinese Seniors Travelers

By way of travel packages, group tours remain the most popular products among Chinese travelers, according to insider of a travel agency in Shanghai, especially prevalent among seniors, and nearly 90% of travel agency’s elderly customers choose to travel in groups. Far-off destinations such as the United States and Africa usually rely on tour groups. It’s estimated that by the end of 2020, the number of middle class families in China will reach over 200 million, and they are expected to spend 19% of their yearly salary on outbound travel, the China Tourism Academy cited the World Bank as saying. China’s tourism market is expected to enjoy healthy prospects in 2019. Outbound visits are forecast to climb 11% this year to over 166 million, according to the China Tourism Academy.

Destination for Chinese Travelers with Preferential Policies

Today’s Chinese tourists have just as much wanderlust as their Western counterparts, as more opt for independent travel and unique locales, and they also represent huge dollars in the international tourism industry. That has spurred a growing number of global destinations to welcome Chinese visitors with preferential policies. Earlier this year Travel & Leisure posted a lists of the hottest travel destinations for 2019, and a number of the countries listed give easier visa clearance for Chinese citizens. Also, destinations such as Thailand, Japan and Africa were hot destinations for Chinese travelers, especially after some countries issued preferential policies last year. For example, about 20 nations-including Mauritius, Morocco and Tunisia-now offer visa waivers or landing visas as perks to Chinese travelers.

Connect with Chinese Tours Operators

Today, with Chinese tourists growing, the Chinese travel to Europe for sightseeing is popular; even some Chinese investors already stretch to tourist filed. Such as China’s Fosun to bid for UK’s Thomas Cook , Chinese conglomerate Fosun International is considering a bid for all or part of United Kingdom-based travel company Thomas Cook – the world’s longest-running tour operator, according to a recent report. For some European local hotels, shopping platform or duty-free shops, to attract more Chinese tourists mean more businesses, they welcome Chinese tourists to come shopping on its platform, to stay in their hotels, enjoy cultural differences, and having a great time. For the China Tourism Industry Report-Data and Statistics 2019-2023 are available upon request, please contact with DCCC or email to: info@dccchina.org

Chinese importers for fruit – China market opportunities imported fruits

Chinese importers for fruitJun. 3 – Fruit prices continue to rise in China, the wholesale prices of apples and pears has recently doubled, according to Chinese media reporting recently. Chinese consumers increase demand for top-quality imported fruit, some Chinese fruit importers, fruit importing firms busier than ever with import and export, sales and distribution, and end-stage retail.

More fruit imports to China than exports for the first time

Recently, a China report “ China’s Rural development, analysis and predictions” revealed that, for the first time, China experienced a rare trade deficit in the import and export of fruit in 2018, there are more fruit imports to China than exports. China fruit imports/exports data shown that in 2018 China imported 5.5 million tons of fruit and valued $8.42 billion, a growth of 34.5% in contrast with 2017. China fruit export valued $7.16 billion in 2018, a growth of 1.2% in contrast with 2017. China fruit imports/exports deficit stretched to $1.26 billion in 2018. For the first time, even not forever, China fruit imports surpassed exports. Products origins mainly were Asian countries, such as Vietnam, the Philippines, Thailand, and Chile is the only country that recent years occupied an increasing position in China fruit market. Among others, cherries, durian, bananas, grapes, and oranges contributed the most in total value of China fruit import in 2018, according to data from China’s General Administration of Customs. Fruit imports to China beat exports that something has never happened before.

Chilean fruit catches Chinese consumers’ eye

China market demand drives fruit import high, a good example came from Chile’s fruit in China, Chinese consumers have a lot experiences with Chile’s fruits, as a market insider described. With China as its leading trade partner and one of its top markets for Chile’s fresh fruits, the country earns about 1 billion dollars from exports to China alone. Chile exported a record 2,781,092 tons of fruit in the 2017-2018 seasons, driven by brisk sales to China. According to a report from Chile’s ASOEX, the record marked a 6.7% increase over the previous season; a major reason for the record figure is booming exports to Asia, especially China. Chilean cherry and cranberry exports have been “exceptional” year thanks to the demand from the Chinese market. Sales of cherries and cranberries to Asia led the rise in export volume, with cherry sales jumping 96 percent, making cherry Chile’s third-leading export fruit. More than 90% of the cherry exports were shipped to China; related authority believes that China will be the leading market for Chilean fruit exports.”

Fruit prices continue rise, 78% climbed, consumers shocked & authority concerned

In May this month, Chinese consumers shocked by 78% fruit price soar. A market insider revealed to Beijing media that “currently, the average price of fruits at local Wholesale Center is 6.15 yuan ($0.89) per kilogram, an increase of approximately 78% from the same period last year. According to information shared from Chinese netizens, lychee is now 60 yuan ($8.72) per pound in Chengdu City, Sichuan Province. In many places, consumers pay 10 yuan ($1.45) for one kiwi fruit. Two bunches of grapes would cost over 80 yuan ($11.60). A salesperson at the wholesale center stated that compared with last year, 80% of the fruits have had a price increase. The price climb affects apples, citrus, kiwi and pears, shocked public, concerned consumers, awaken even local authorities in Beijing. Chinese statistics bureau stated high fruit prices will not last on 15 May, 2019, further explained that the fruit price continued to rise mainly as a result of extreme weather conditions combined with the regular, seasonal price increase. The seasonal price increase, however, is only temporary. The price of fresh fruit will not maintain its high position. The overall price will not increase much as a result of inflation. The average price is stable and strong.

China fruit market for growers/imports/exports trades

Looking at China fruit market, certainly, there are some challenges, but also chances. Obviously with almost 1.4 billion populations, the amount of fruit consumption can’t be undervalued. Today, with government mobilize its citizen to live a healthy life style, and fruit consumption continue rise in China, Chinese consumers have become more “selective” as a result of their rising income levels. China’s agricultural industry is in the process of upgrading itself, but many agricultural products do not meet the new standards of Chinese consumers who can afford to purchase imported fruit instead. With the rising demand of Chinese consumers for various fruits, the Chinese fruit industry is working towards stronger brands and a higher product quality in response, at the same time, the volume of imported fruit is still growing, domestic fruit strives with imported fruit in the Chinese market, the changing situation of demand and supply of fruit products in China creates opportunities for fruit traders, growers, fruit imports/exports businesses, there will be more fruit import to China. For the List of Chinese Importers for Fruits Products is available upon request, please contact with DCCC – the organization assists foreign companies to connect with reliable Chinese importers, distributors for consumers Goods, food-Beverages. Email to: info@dccchina.org

Chinese investors – recent 5 major mergers and acquisitions (M&A) deal

china investmentMay 31 – China’s overall corporate mergers and acquisitions (M&A) deal volume will remain steady in 2019, Companies in high-tech and consumer product industries became the most popular M&A targets, according to a PwC report. Here are Chinese investors/ investment companies’ recent 5 major mergers and acquisitions (M&A) deals so far in 2019.

Deal 1 – CITIC Group acquires Czech assets of CEFC China Energy

China State-owned conglomerate CITIC Group has finally signed a contract with indebted CEFC China Energy to take over its Czech assets for EUR 147 million after a 10-month long dispute with the company’s creditors over the price of its assets. CITIC’s Rainbow Wisdom Investments units signed the deal with PricewaterhouseCoopers, the liquidator assigned to handle the company’s asset sales with the price agreed triple that of CITIC’s initial offer. Despite this, many of the company’s creditors are still dissatisfied with the offer and plan to challenge the deal with some believing that the Czech assets could be worth up to EUR 530 million.

CEFC China had in the past acquired a sprawling network of overseas assets through debt-fuelled investments. However, the company came under fire after its founder Ye Jianming was investigated by the Chinese government for economic crimes, leading to multiple downgrades in the credit ratings of the company’s units, triggering a debt crisis which rendered the company insolvent. Following CEFC’s insolvency, CITIC then came in to bailout the company, agreeing to takeover the former’s Czech assets and repay some of its debt. However, the deal for the company’s Czech assets could not be finalized due to disagreements over its valuation.

According to PricewaterhouseCoopers, valuing CEFC’s assets had been difficult due to the complex debt network between CEFC and its units and the limited information it had. Locked into this dispute, CITIC issued an ultimatum to CEFC’s creditors in March this year to accept its offer which was close to is appraised value of EUR 157 million by the end of the month, if not CITIC would then demand back the money it had provided in the company’s bailout which would further erode the value of the company’s remaining assets.

Deal 2 – Chinese investor consortium acquires Amer Sports

A consortium led by China’s leading manufacturer of sportswear Anta Sports is about to complete the purchase of Finnish sporting goods company Amer Sports, according to an announcement issued by Anta Sports Products Limited. Anta Sports published an offer in Helsinki to purchase all the shares of the Finnish Amer Sports. So far, with the shares tendered in the offer representing approximately 94.98 percent of all the shares and votes in Amer Sports (excluding shares held by Amer Sports or any of its subsidiaries), Anta has satisfied all of the terms and conditions of the tender offer, which entitles the Chinese company to complete the purchase. “The completion trades will be settled and the offer consideration will be paid to the shareholders who have validly accepted the Tender Offer in accordance with the terms and conditions of the Tender Offer on or about 29 March 2019,” Anta said in a statement.

Amer owns world famous sports brands such as Wilson, Arc’teryx, Atomic and Salomon. The successful acquisition will enable Anta, which has a brand portfolio including ANTA, FILA, DESCENTE, SPRANDI, KINGKOW and KOLON SPORT, a greater global exposure and influence. Besides Anta Sports Products Limited, the consortium also consists of investment fund FountainVest Partners, Canadian Anamered Investments and Chinese Tencent. Anta has 58 percent ownership in the consortium.

Deal 3 – China’s Ant Financial acquires WorldFirst for $700 million

Ant Financial, an Alibaba affiliate, announced on 14 Feb it has taken over UK-based international payments group WorldFirst, marking the most significant foreign fintech acquisition by the Chinese financial services company. Ant Financial, operator of the world’s leading payment platform Alipay, said in a statement that Alipay will work with WorldFirst to better serve global small businesses, promote inclusive finance and contribute to sustainable development in the world.

WorldFirst, now a wholly-owned subsidiary of Ant Financial, will continue to be headed by co-founder and CEO Jonathan Quin. The UK-headquartered company will continue its regulated business with global operations, including in the Chinese mainland and Hong Kong. Quin wrote in a letter to its customers that the products and services of Alipay and WorldFirst are highly complementary and that WorldFirst will be able to offer even better products and services by becoming part of a larger group. “By combining WorldFirst’s award-winning currency account, international payments and currency exchange products with Ant Financial’s range of financial technology solutions, we will advance our shared aims of building the best global platform for international trade and bring fast and affordable services to individuals, small and medium-sized businesses and online merchants around the world,” Quin wrote.

Deal 4 – Chinese company buys 60% stake in Peru port

COSCO Shipping Ports Ltd has reached an investment agreement with Volcan Compañía Minera SAA, a Peruvian polymetallic miner, to acquire 60 percent of its stake in Terminales Portuarios Chancay SA for $225 million. With an initial payment of $56 million, this deal was sealed in Davos, Switzerland, on Wednesday, the Chinese company said in a statement on 24 Jan.2019 After the acquisition, Chancay terminal will become the first terminal project controlled by China COSCO Shipping Corp-the parent company of Hong Kong-headquartered COSCO Shipping Ports-in South America, as well as the group’s second greenfield port project invested overseas. Volcan is a Peruvian polymetallic miner engaged in the exploration and production of zinc, copper, gold, silver, and lead in Peru’s Sierra Central region. In addition to mining business, the company also operates ports, logistics companies and hydroelectric power plants in the country.

Located at Chancay Harbour in central Peru and about 58 kilometres from the country’s capital Lima, Chancay terminal boasts an exceptional geographic location and is connected with the economic centre of Peru by convenient traffic. It is a natural deep-water harbour with a maximum of 16-meter water depth and is capable of meeting the needs of mega vessels. The construction of Chancay terminal includes multipurpose terminals, container terminals and related infrastructure facilities. Phase one of the terminal will have four berths, of which two are multipurpose berths, and two are container berths with a total annual designed capacity of one million TEU, or twenty-foot equivalent units-an industry measure of cargo capacity. Xu Lirong, chairman of China COSCO Shipping, said the business move in Peru, which covers the entire logistics industry chain, will not only embody the company’s coordinated development, but also inject vitality into target countries and regions.

After the acquisition, COSCO Shipping Ports and Volcan can fully utilize their resources and capabilities to jointly build Chancay terminal into a major gateway port in Peru. It will facilitate trade between Peru and China, and between China and Latin America while creating jobs, services and infrastructure investment opportunities, said Li Guanghui, vice-president of the Chinese Academy of International Trade and Economic Cooperation. Zhang Wei, vice-chairman of COSCO Shipping Ports, said the investment in Chancay terminal will enable the company to further extend its reach to South America. The terminal will also help cut Peru’s deficiency in port infrastructure. “The two companies will make full use of their advantages to build Chancay terminal into a key hub in South America, the most important logistics centre on the Pacific coast, and a major platform that serves bilateral trade,” he said. COSCO Shipping Ports’ terminal portfolio covers the five main port regions on the Chinese mainland, Southeast Asia, the Middle East, Europe and the Mediterranean. By the third quarter of 2018, it operated and managed 282 berths at 36 ports worldwide, of which 192 were for containers, with a total annual handling capacity of approximately 104 million TEU.

Deal  5 –  China’s Masterwork Group to become largest shareholder of a German firm

China’s Masterwork Group (Based in the Chinese city of Tianjin, Masterwork is China’s largest manufacturer of die-cutters and hot-foil embossing machines ) has announced it intends to obtain an 8.46 percent stake of Heidelberger Druckmaschinen AG (Heidelberg is a world-leading manufacturer of offset printing equipment, established in 1850) by way of cash subscription. The proposed investment, subject to approval by Heidelberg’s supervisory board, will make a wholly-owned subsidiary of Masterwork the largest shareholder of the German precision mechanical engineering company, according to Masterwork.  With the issue price of the new shares set to be 2.68 euros ($3.06), the total investment will be worth about 68.99 million euros ($78 million).

The two sides have also signed a strategic cooperation agreement, aiming to accelerate their digital push in the packaging printing industry, according to Masterwork.  “We are delighted that in Masterwork we are obtaining another long-term investor that firmly believes in the company’s innovative prowess, strategy, and potential for the future,” Heidelberg CEO Rainer Hundsdorfer said. “We believe that the strategic investment will enhance our partnership and make contributions to the development of high-end equipment manufacturing in China as well as the world,” said Li Li, president of Masterwork.

For an overview report: Chinese Investments in Switzerland – Recent Years Transactions of Businesses Deals is available upon request, please email to: info@dccchina.org

Seafood exports to China is growing – Chinese importers for seafood

Chinese importers for seafoodMay 15 – China market demands for imported seafood. Today, the country’s processed fish & seafood segment amounts to US$37,823m in 2019. Parallel to this growth is China’s rapidly expanding import fresh or frozen seafood. In global comparison, most revenue is generated in China market which is projected to hit growth annually by 3.8% (CAGR 2019-2023), according to statista

Seafood – Edible Aquatic Life is Consumed by Humans

Seafood is any form of edible aquatic life regarded as food by humans. Seafood mainly categorized the processed fish & seafood segments in canned, dried & smoked fish and fish fingers & portions. Seafood is often distinguished from meat, although it is still animal and is excluded in a vegetarian diet. Seafood is an important source of protein in many diets around the world, especially in coastal areas. Prominently seafood includes fish and shellfish which include various species of molluscs, crustaceans, and echinoderms. Nowadays, the term “seafood” is extended to fresh water organisms eaten by humans, so all edible aquatic life may be referred to as seafood. In the processed fish & seafood segment which are indirectly used to produce further food for human consumption, products, such as processed fish & seafood in canned, dried & smoked fish and fish fingers & portions.

China Demand for Seafood – New Growth Market for Ireland’s Seafood Exports

Seafood exports to China is growing, and China has become a new growth market for Ireland’s seafood exports, revealed a report by BIM (Irish Sea Fisheries Board in English), a state agency responsible for developing the Irish marine fishing and aquaculture industries, showed that Ireland exported a total of 47 million euros ($53 million) worth of seafood products to China in 2018, up by 68% compared with a year ago. The growth in the Chinese market stood in sharp contrast with the performance of the other major export markets for the Irish seafood products. In 2018, Ireland’s seafood exports to France (147 million euros), Britain (81 million euros), Spain (75 million euros), Nigeria (28 million euros), the Netherlands (23 million euros) and Germany (20 million euros) all fell down, said the report, adding that only the exports to Italy (60 million euros) went up by 29 percent while the exports to Japan (16 million euros) remained unchanged. The Chinese market was the fastest growing one among the top 10 markets for the Irish seafood exports, said the report, adding that China now ranks as the fifth largest export market for the Irish seafood products and the second largest export market for the Irish oysters in the world. The Chinese market accounted for nearly half of the seafood products that Ireland exported to Asia last year, said BIM in the report, adding that they see a further potential in the Chinese market in the years to come. Ireland is a net exporter of seafood products with a net export value totaling 322 million euros in 2018, making up over one-fourth of the GDP of the Irish seafood industry which stood at 1.25 billion euros last year, representing a 3.4-percent increase over 2017, said the report. Over 14,000 people are currently involved in the Irish seafood sector which boasts a fleet of over 2,000 registered fishing vessels, it said.

Shipping Seafood to China

China is growing market for seafood, the update seafood consumption in China, according to statistics reporting, the revenue in the processed fish and seafood is expected to grow in relation to total population figures, per person revenues of US$26.49 are generated, and the average per capita consumption stands at 2.3 kg in 2019. For international seafood producers, fish & seafood in canned, dried & smoked fish and fish fingers & portions. cast a line seafood imports/exports companies attempt to see the market opportunities in China, the List of Chinese Importers for Seafood (Fresh or Frozen) is available, Please contact DCCC– the organization assists foreign companies to connect with reliable Chinese importers, distributors for Consumers Goods, Food-Beverages. Email to: info@dccchina.org