2021/1/15 – CRI Report

Research Report on Coal Import in China, 2021-2025

admin — Sat, 16 Jan 2021 01:47:26 +0000

China is the largest coal producer and consumer. The huge coal consumption in China encourages foreign coal producers to expand their production capacity. In addition, overseas coal mines are mostly opencast ones, which makes it easy to increase production. However, coal production in China is restricted by environmental protection policies and other factors. In recent years, some small and medium-sized coal mines had to cut or even stop production because their environmental protection facilities failed to meet standards. Meanwhile, the rising mining costs have made the coal prices in China higher than the international coal prices. For example, in 2019, the average price of imported coal was only US$78 per ton, about 10% lower than that of domestic coal.
According to CRI’s analysis, the logistics costs for imported coal are very low because imported coal mostly enters China by sea. While the logistics costs for domestic coal are far higher because the prices of refined oil are more expensive in China than in other parts of the world, and the expressway tolls are excessively high. Therefore, China imports a large quantity of coal every year.
China’s coal imports rose from 204.06 million tons in 2015 to 299.67 million tons in 2019. In 2020, due to the outbreak of COVID-19 and the deterioration of relations between China and Australia, China’s coal imports have shown a downward trend. From January to November 2020, China’s coal imports amounted to approximately 264.83 million tons, a year-on-year decrease of 10.8%.
Coal imports are classified into anthracite, coking coal, other coal, other bituminous coal and lignite. The first three types of coal are used for thermal power generation and collectively called as steam coal in China. China’s coal imports are dominated by steam coal that has a low average price.
According to CRI, coal import can bring the following benefits to China: (1) Appropriate amount of coal imports can suppress the price fluctuations and speculation on China’s coal market so that the downstream industries can maintain stable production and operation; and (2) the import of high-quality coking coal that China lacks can promote the development of China’s coke and metal smelting industries.
According to CRI’s prediction, if the COVID-19 epidemic is relieved in 2021, China’s coal imports will increase in 2021-2025. Although China has reduced its coal imports from Australia, it will look for coal from other countries as an alternative. If the COVID-19 epidemic continues in 2021, it is expected that China’s coal imports will continue to decline in 2021 and will not resume growth until 2022.

Topics Covered:
-The impact of COVID-19 on China’s coal import market
-Policy Environment of China Coal Import
-Competition Status of Coal Import Market
-Supply and Demand Status of Coal Import in China
-Major Brand Enterprises in China Coal Market
-China’s Import and Export of Coals 2017-2020
-Consumer Survey on China Coal Import Market
-Driving Forces and Market Opportunities in China Coal Import Market, 2021-2025
-Threats and Challenges in China Coal Import Market, 2021-2025
-Prospect of China Coal Import Market, 2021-2025

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Research Report on China’s Shipbuilding Industry, 2021-2025

admin — Sat, 16 Jan 2021 01:47:24 +0000

Shipbuilding Industry Overview

China’s shipbuilding industry has been developing rapidly with the government’s policy support and cost advantages since the beginning of the 21st century. Shipbuilding is a modern and comprehensive industry of strategic importance that provides technical equipment to industries such as water traffic, ocean development and national defense.

China-made mainstream ships including container ships, bulk carriers and oil tankers and high-end ships including liquefied gas carriers have certain competitive advantages on the international market. In the recent decade, the global shipbuilding industry presented a market structure of tripartite China-South Korea-Japan competition.

According to CRI, in 2020, affected by the COVID-19 epidemic, the global new shipbuilding market remains sluggish. In 2020, pessimistic expectations in the global newbuilding market will increase, new ship transactions will decrease significantly, and the number of new ship orders received by major shipbuilding countries will decline year-on-year.

From January to November 2020, China received orders for new ships of 22.52 million dwt, a year-on-year decrease of 8.7%. Among them, orders for export ships were 19.77 million dwt, a year-on-year decrease of 13.5%, and export orders accounted for 87.8%. In the same period, Japan’s orders for new ships dropped by 66.7% year-on-year, and South Korea’s orders for new ships dropped by 8.4% year-on-year. The global market share has increased.

From January to November, China’s shipbuilding completions, new orders, and hand-held orders accounted for 40.4%, 50.8% and 46.9% of the global market, respectively. The three major indicators are higher than in 2019. The completion of shipbuilding industry was better than expected.
The COVID-19 epidemic that broke out in early 2020 has had a major impact on China’s shipbuilding industry in the first quarter of 2020.

In the first quarter of 2020, China’s shipbuilding completion volume fell by 27.3% year-on-year. It will gradually recover from April 2020. From January to November 2020, China’s shipbuilding completed 33.24 million deadweight tons, down 2.6% year-on-year.

Among them, the completed export ship volume was 30.03 million deadweight tons, a year-on-year decrease of 5.8%, and the completed export ship volume accounted for 90.3%.

On November 15, 2020, the ten ASEAN countries, China, Japan, South Korea, Australia, and New Zealand formally signed the Regional Comprehensive Economic Partnership Agreement (RCEP). RCEP is currently the world’s largest free trade zone.

In 2019, the 15 member states of RCEP have a total population of 2.27 billion, GDP of 26 trillion U.S. dollars, and total exports of 5.2 trillion U.S. dollars, each accounting for about 30% of the global total. The establishment of the RCEP free trade zone means that about one-third of the world’s economy will form an integrated market.

After the agreement comes into effect, more than 90% of the goods trade in the region will eventually achieve zero tariffs, and the tax will be reduced to zero immediately and within 10 years, so that the RCEP free trade zone is expected to fulfill all the goods trade liberalization commitments in a relatively short time .

According to CRI analysis, After the RECP takes effect, it will greatly promote the import and export trade between the contracting states, thereby promoting the rapid development of intra-regional and external maritime trade. Shipping is still the most important mode of transportation in global trade.

The signing of the RCEP agreement may bring new growth momentum to the shipping industry, and the development and growth of the shipping industry will create new market space for the shipbuilding industry.

According to CRI’s forecast, if the COVID-19 epidemic can be alleviated in 2021, the global and Chinese shipbuilding industry is expected to recover. If the epidemic continues, the global shipbuilding industry will still be in a downturn in 2021 and may not gradually recover until 2022.

Topics Covered:
– The impact of COVID-19 on the global shipbuilding market
– Development environment of shipbuilding in China
-Sales volume and value of shipbuilding in China 2015-2025
-Sales volume and value of shipbuilding in China by section 2015-2025
– Major shipbuilding Manufacturers and their market share in China
– Export volumes and values of shipbuilding in China
– Major export destinations of China’s shipbuilding
– Prices of shipbuilding in China
– Prospects of Chinese shipbuilding Market 2021-2025

The post Research Report on China’s Shipbuilding Industry, 2021-2025 first appeared on CRI Report.

Research Report on China’s Scrap Vehicle Recycling Industry, 2021-2025

admin — Sat, 16 Jan 2021 01:47:22 +0000

The Chinese government provides that a vehicle should be sent to a qualified enterprise for dismantling and scrapping when it runs for 600,000 kilometers. And scrap vehicles’ engines, steering gear, transmission, front and rear axles and frame are forbidden to be sold illegally and should be recycled as scrap metal. The vehicle owner can get the residual value of the recycled scrap metal. However, this provision is poorly enforced.
According to CRI analysis, vehicle consumption becomes increasingly popular in China with the development of economy and increase of income. China had ranked first in vehicle production and sales volume for twelve consecutive years from 2009 to 2020. And the vehicle reserves keep rising. China’s vehicle reserves reached 254 million at the end of 2019, ranking second in the world. It is estimated that China will surpass the U.S. to have the largest vehicle reserves in the world in 10 years. As the average vehicle age increases, scrap vehicle recycling has become one of the social concerns. On the assumption that the service life of passenger vehicles is between 8 to 10 years, the number of scrap vehicles had exceeded 7 million by 2020 and will grow at an annual rate over 10%. However, only 1.95 million scrap vehicles were recycled in 2019. Many scrap vehicles are still being used or were illegally disposed. For example, some of them were reassembled or refurbished to be sold as second-hand vehicles.
Owing to the poor industry regulation, legal scrap vehicle disposal has been affected by the illegal one. China’s annual recycling volume accounts less 1% of the vehicle reserves, which is much lower than 5%-7% in developed countries. Because of the quota on the number of scrap vehicle recyclers, the numbers of registered scrap vehicle recyclers and recycling outlets were 800 and 3000 respectively at the end of 2020, having a wide gap with the fast-growing number of scrap vehicles. According to CRI analysis, in 2020, due to the outbreak of the COVID-19 epidemic, it will have a certain impact on China’s automobile manufacturing industry. In order to promote car sales, the Chinese government has issued a series of measures to encourage scrapping old cars and buying new cars. Therefore, the outbreak of the epidemic has promoted the development of China’s auto scrap industry to a certain extent.

Topics Covered:
-The impact of COVID-19 on China’s scrap vehicle recycling market
-Policy Environment of China Scrap vehicle recycling Industry
-Competition Status of Scrap vehicle recycling Market
-Supply and Demand Status of Scrap vehicle recycling in China
– Recycling Volume by Vehicle Type in China
-Government Procurement Status of Scrap vehicle recycling
-Major Enterprises in China Scrap vehicle recycling Market
-Driving Forces and Market Opportunities in China Scrap vehicle recycling Market, 2021-2025
-Threats and Challenges in China Scrap vehicle recycling Market, 2021-2025
-Prospect of China Scrap vehicle recycling Market, 2021-2025

The post Research Report on China’s Scrap Vehicle Recycling Industry, 2021-2025 first appeared on CRI Report.

Report on Automobile Radiator Industry in China, 2021-2025

admin — Sat, 16 Jan 2021 01:47:20 +0000

Automobile radiator is one of the most important components within the engine cooling system. The performance of a radiator has a direct influence on heat dissipation, dynamic property, economic efficiency, reliability, and even normal operation and driving safety. Increased production volume and penetration of automobiles across the world lead to growing demand of whole-vehicle manufacturing and aftermarket for automobile radiators.
According to CRI analysis, with economic globalization and fierce competition in the industry, global automobile industry experienced a significant change in the past decades. For automobile radiator manufacturers in China, many opportunities for growth were offered over the last 10 years. One opportunity came from stable growth in automobile component market that stimulated export of automobile radiators in China. Another being the rapid growth in China’s automobile industry, which naturally raises demand for automobile radiators. China’s production volume of automobiles was merely 13.79 million units in 2009 while that in 25.72 reached 29.02 million, with a CAGR of more than 6% over the decade. China has been established as the world’s largest automobile producer and seller for 12 consecutive years from 2009 to 2020. Car ownership in China was only 62.81 million units in late 2009. By the end of 2019, it surged to more than 250 million.
CRI estimates that the production volume of automobile radiators in China exceeded 70 million units in 2020, among which more than 20 million were exported.
According to CRI analysis, in 2019, China exported approximately 23.9 million automotive radiators, with an export value of 557 million U.S. dollars. The main export destinations include the United States, Russia, Mexico, Brazil, etc. With the outbreak of COVID-19 at the beginning of 2020, it has had a certain impact on China’s auto radiator exports. CRI predicts that China’s auto radiator exports will decrease by about 10% from 2019 to the second half of 2021. Will gradually recover.
Competition in China’s market is intense with a large quantity of manufacturers involved and market is composed of numerous small-scale enterprises. High certification requirement on OEM put most manufacturers off this market. Therefore, the majority of automobile radiator manufacturers in China focus in supporting domestic and overseas aftermarkets.
Due to the outbreak of COVID-19 in early 2020, which has had a serious impact on the global economy, CRI predicts that global and Chinese automobile production will decline in 2020-2021. From 2022, global automobile production will gradually recover. However, the global and Chinese car ownership will continue to grow from 2020 to 2025, and the aftersales market will contribute more and more to car radiators. Due to the low price of China-made car radiators, CRI expects that China’s auto radiator exports will still have room for growth in the next few years.

Topics Covered:
– The impact of COVID-19 on the global automotive radiator market
– Development environment of automotive radiator in China
-Sales volume and value of automotive radiator in China 2015-2025
-Sales volume and value of automotive radiator in China by section 2015-2025
– Major automotive radiator Manufacturers and their market share in China
– Export volumes and values of automotive radiator in China
– Major export destinations of China’s auto radiators
– Prices of automotive radiator in China
– Prospects of Chinese automotive radiator Market 2021-2025

The post Report on Automobile Radiator Industry in China, 2021-2025 first appeared on CRI Report.

Research Report on China Condom Industry, 2021-2025

admin — Sat, 16 Jan 2021 01:47:20 +0000

China Condom Market

According to CRI, residents’ demand for living qualities keeps rising with the development of China’s economy. Functions of condoms expand from mere contraception to prevention of STDs and improving the quality of sex life.

The Chinese government loosened control over condom industry in 2002, which gained rapid development afterwards. Annual production volume of condoms was merely about 1 billion in 1995 while the number exceeded 10 billion in China in 2020.

Apart from satisfying the domestic demand, condoms produced in China are largely exported to Hong Kong, South Africa, Russia, Britain, etc. The export value of condoms exceeded USD 58.2 million in China in 2019.

According to CRI, due to the family planning policies in China, the Chinese government annually purchases over 1 billion condoms for free distribution to encourage population control.

According to CRI, the condom market excluding the purchasing of the Chinese government is the commercial market where the competition is fairly fierce. There are hundreds of condom brand enterprises in China, most of which do not produce condoms themselves but rely on ODM/OEM enterprises.

In 2020, the retail price of per condom in commercial condom market of China was CNY 0.5-20, and the market size exceeded CNY 10 billion with high profit margin, making it the focus of competition. Condom brands can be classified into 3 categories in China market: Brands of the first category have production bases in China and manufacture their own products in China market, such as Durex, JISSBON, etc.

Brands of the second category sell products in China while setting production bases overseas, such as Okamoto. Brands of the third category have no production base themselves and completely depend on OEM, such as Daxiang and several other new brands.

In China, some condom producers completely survive on government procurement and OEM with low sales volume of their own brands.

China imports a large number of condoms annually because partial consumers believe that imported condoms are of better quality than those made in China, and the major sources include Thailand, Japan, Malaysia, etc. In 2019, import value of condoms reached USD 102.7 million in China with a trade deficit of USD 44.5 million.

According to CRI, the potential condom market is huge in China, because the total population approached 1.4 billion by the end of 2020, of which there are over 600 million sexually active people. Premarital and commercial sex behaviors have been in a growing trend in the last 30 years, which promotes the demand for condoms.

Although commercial sex behaviors are prohibited by the Chinese law, they cannot be eliminated. Therefore, the Chinese government has required night clubs, hotels and other public places to provide condoms so as to control the spread of AIDS and other STDs.

According to CRI, with the rising income per capita and residents’ higher demand for life quality in China, the demand for quality and quantity of condoms will keep increasing. There are still many opportunities in China’s market for both global condom producers and brand enterprises.

At the beginning of 2020, the COVID-19 epidemic spread globally, and there was a shortage of condoms in the global condom market in the short term. Since the second quarter of 2020, this situation has been alleviated.

It is expected that the global and China condom market will continue to grow from 2021 to 2025. It is estimated that from 2021-2025, China will import a considerable number of condoms every year while exporting a large number of condoms.

Topics Covered:
-The impact of COVID-19 on China’s condom market
-Policy Environment of China Condom Industry
-Competition Status of Condom Market
-Supply and Demand Status of Condoms in China
-Government Procurement Status of Condoms
-Major Brand Enterprises in China Condom Market
-China’s Import and Export of Condoms 2017-2020
-Retail Prices of Major Condom Brands in China Market
-Consumer Survey on China Condom Market
-Driving Forces and Market Opportunities in China Condom Market, 2021-2025
-Threats and Challenges in China Condom Market, 2021-2025
-Prospect of China Condom Market, 2021-2025

The post Research Report on China Condom Industry, 2021-2025 first appeared on CRI Report.

Investigation Report on China’s Recombinant Human Thrombopoietin Market, 2021-2025

admin — Sat, 16 Jan 2021 01:47:19 +0000

China’s Recombinant Human Thrombopoietin Market Overview

In recent years, the incidence of thrombopenia in China keeps increasing. Thrombopenia is often seen in hematologic diseases such as primary immune thrombopenia, leukemia and aplastic anemia as well as in connective tissue diseases, liver diseases and tumor chemotherapy. Thrombopenia may also be congenital or drug induced.

Primary immune thrombopenia is a clinically common hemorrhagic disease, accounting for 1/3 of hemorrhagic diseases. The annual incidence of primary immune thrombopenia is 5/100,000 to 10/100,000. The number of patients with thrombopenia in China is increasing by over 100,000 every year. Research shows that 20% to 30% of patients receiving chemotherapy have obvious thrombopenia.

The incidence of thrombopenia is 81.80% among patients receiving single-agent carboplatin chemotherapy, 58.20% among patients receiving carboplatin combination chemotherapy, 64.40% among patients receiving gemcitabine chemotherapy and 59.30% among patients receiving paclitaxel chemotherapy.

Using thrombopoietin such as Recombinant Human Thrombopoietin is one of the ways to treat thrombopenia. In 2005, Recombinant Human Thrombopoietin by Shenyang Sunshine Pharmaceutical Co., Ltd. (trade name: TPIAO) was approved to be sold in China. By the end of 2020, Shenyang Sunshine Pharmaceutical Co., Ltd. is the only approved Recombinant Human Thrombopoietin product on the Chinese market.

In China, Recombinant Human Thrombopoietin applies to the treatment of patients with thrombopenia (platelet count < 50×109/L) caused by solid tumor chemotherapy when doctors regard it necessary to increase platelet count. It is also used to assist the treatment of patients who have idiopathic thrombocytopenic purpura with platelet count below 20×109/L when glucocorticoids do not work.

It is only applied to patients with thrombopenia and patients facing the increasing risk of bleeding. It is not used to increase platelet count to the normal level.

According to CRI’s market survey, the sales value of Recombinant Human Thrombopoietin kept rising after the drug was launched in China. In 2019, it reached CNY 1257 million, representing a CAGR of 40.9% from 2015 to 2019.

CRI expects that as the number of patients with thrombopenia increases in China, the demand for Recombinant Human Thrombopoietin will also increase.

Due to the outbreak of COVID-19 in 2020, the normal operation of many hospitals in China has been affected, and the sales of Recombinant Human Thrombopoietin have also been adversely affected.

Therefore, CRI estimates that the sales growth of Recombinant Human Thrombopoietin in China in 2020 will only be about approximately 2%, reaching CNY 1282 million; the sales volume increase was only about 3%, reaching 1306 thousand vials.

The actual number will not be available until February-March 2021, after CRI conducts investigations on Shenyang Sunshine Pharmaceutical Co., Ltd., and sales channels. know. It is estimated that from 2021-2025, the growth rate of the Chinese market for recombinant human thrombopoietin will gradually recover.

By 2025, the sales revenue will reach CNY 3465 million, and the CAGR will reach 20% in 2021-2025; and the sales volume will reach 3.53 million vials in 2025. CAGR will reach 22% from 2021 to 2025.

Topics Covered:
-The impact of COVID-19 on the market of Recombinant Human Thrombopoietin
– Development environment of recombinant human thrombopoietin in China
-Sales volume and value of recombinant human thrombopoietin in China 2015-2025
-Sales volume and value of recombinant human thrombopoietin in different regions of China 2015-2025
– Major recombinant human thrombopoietin Manufacturers and their market share in China
– Prices of recombinant human thrombopoietin in China
– Prices of recombinant human thrombopoietin in China by regions and manufacturers
– Prospects of Chinese recombinant human thrombopoietin Market

The post Investigation Report on China’s Recombinant Human Thrombopoietin Market, 2021-2025 first appeared on CRI Report.

Research Report on Automobile Tire Industry in China, 2021-2025

admin — Sat, 16 Jan 2021 01:47:18 +0000

Automobile Tire Industry Overview

According to CRI, China’s automobile industry has developed rapidly since the access to WTO. China has been the world’s largest automobile manufacturer and distributor for 12 years from 2009 to 2020. In the meanwhile, China is as well the world’s largest producer and exporter of automobile tires.

Demand for automobile tires can be classified into OEM demand from whole-vehicle manufacturing and replacement demand from automobile aftermarket. In developed countries, there is scarce potential for growth of new automobile sales due to the high market saturation. Therefore, the demand of aftermarket becomes the major driving force of the tire industry.

CRI figures out two factors that drive automobile tire industry in China: domestic market and export demand. On the one hand, both production volume and reserve volume of automobiles continue to grow in China.

In 2019, the production volume of automobiles reached 25.72 million, representing a CAGR of 6.4% from 2009 to 2019. In 2019, the automobile reserve volume exceeded 1.9 million, representing a CAGR of 15% from 2012 to 2016. These two figures were far higher than global average figures.

On the other hand, the remarkable cost advantage of Chinese tires over international competitors is correlated with an upward trend of tire export from China. In 2016, the export volume of Chinese automobile tires was 3.31 million and the export value was USD 11.46 billion.

Continuous increases in the export of Chinese tires have led to huge international trade barriers faced by Chinese tire export enterprises. However, the cost advantage of Chinese tires is favorable to maintain the export volume at a high level in a short time.

CRI states that China has established an integrated tire industry chain. Except for natural rubber mainly relying on import, there are a large number of manufacturers of other raw materials of tires such as synthetic rubber, steel cord and carbon black in China. Chinese enterprises are also competitive in producing tire molds, manufacturing machines, etc.

Some major global tire manufacturers have entered China and they perceive China as an important global production base. Nowadays in China, over half of the domestic tire market is dominated by foreign-invested enterprises. Moreover, these foreign-invested enterprises occupy most market shares of OEM for whole vehicles that are highly profitable.

According to incomplete statistics by CRI, the number of Chinese tire manufacturers have exceeded 500 by the end of 2020. A majority of domestic tire manufacturers are characterized by small-scale enterprises that produce in a small volume, facing risks of closing down or being acquired.

In order to avoid increasing domestic labor costs and trade barriers, some domestic tire manufacturers start to acquire tire enterprises or establish plants overseas. A survey by CRI demonstrates that enterprises such as Sailun Jinyu Co., Ltd., Linglong Group, Zhongce Rubber Co., Ltd. and Double Coin Holdings Ltd. have established tire plants in Thailand, Vietnam, etc.

Although China has been the world’s largest new automobile market since 2008, automobile reserves per capita remain low, with the automobile reserve volume being less than 200 per thousand persons and lower than the figure of 600-1000 per thousand persons in developed courtiers. It is estimated that China’s annual economic growth rate will remain over 5% from 2021 to 2025.

The production and sales volume of tire will present an annual growth rate at about 5%. Similarly, the automobile reserve volume will continue to climb, stimulating domestic demand for tires.

According to CRI analysis, the outbreak of the COVID-19 epidemic has had an adverse impact on China’s tire manufacturing industry in the first quarter of 2020.

However, since April 2020, China’s tire manufacturing industry has gradually recovered. Although due to the impact of the epidemic, global and Chinese automobile production has declined, reducing the demand for tires in the new car market, the demand for tires in the aftermarket remains high.

In 2019, China’s tire export volume was about 500.6 million, and the CAGR from 2015 to 2019 was about 3%. CRI expects that due to the impact of the COVID-19 epidemic in 2020, China’s tire exports will slightly decline.

From 2021 to 2025, the CAGR of China’s tire exports will remain at least 2%. CRI predicts that the biggest risk facing China’s tire industry in the future is due to the rising costs of China’s manpower, land, and energy, causing tire manufacturing companies in China to move to Southeast Asian countries such as Vietnam.

Topics Covered:
-The impact of COVID-19 on China’s tire market
-Policy Environment of China Tire Industry
-Competition Status of Tire Market
-Supply and Demand Status of Tires in China
-Major manufacturers in China and Globe
-China’s Import and Export of Tires 2017-2020
-China’s tire exports by type
-Driving Forces and Market Opportunities in China Tire Market, 2021-2025
-Threats and Challenges in China Tire Market, 2021-2025
-Prospect of China Tire Market, 2021-2025

Global Automotive Repair and Maintenance Services Market By Vehicle Type (Bikes & Scooters, Passenger Cars, Commercial Vehicles); By Service Providers (Automobile Dealerships, Franchise General Repairs, Locally Owned Repair Shops/Body Shops, Specialty Shops, Tire Shops); and Region – Analysis of Market Size, Share &Trends for 2016-2019 and Forecasts to 2030

The post Research Report on Automobile Tire Industry in China, 2021-2025 first appeared on CRI Report.