“Coal to gas” project is beneficial to improve the energy structure.

Coal traditionally dominates the domestic energy industry. It accounts for approximately 70% in industrial fuel, far higher than the figure of 15% in western countries. It is therefore necessary to adjust the proportion of industrial fuel in order to improve the energy structure. One effective measure is shifting from coal to natural gas.

The progress of urbanization contributes to the increasing population using natural gas.

In 2016, China’s urbanization rate was 57%. It is estimated that this figure will reach 60% in 2020, and further rise up to 70% in 2030. With the promotion of urbanization, there are remarkable increases not only in the number of natural gas pipelines in cities and towns but also in the number of population using natural gas. Over the past decade, the CAGR of the length of natural gas pipelines has been recorded at 17%, accompanied by the CAGR of people using natural gas at 15% and the CAGR of natural gas supply in cities at 17.5%.

Gas power generation industry develops rapidly owing to a stable increase in the scale of gas installed capacity and support from industry policies.

In 2016, national power consumption in China was 5.92 trillion kWh, with an increase of 6.7% YoY. The installed capacity of natural gas was 66.37 million kW, accounting for 3% of the national installed capacity. The power generating capacity of gas was 165.8 billion kWh, accounting for 2.9% of the national power generating capacity. The report on the work of government proposes that enterprises should strive to develop clean energy and reduce thermal power generation of more than 50 million kW in 2017.

Related reports:

Research Report on China Liquefied Natural Gas (LNG) Import, 2017-2021

In 2016, China’s LNG import volume was 26.15 million tons, up by 32.97% compared to 2015.

A-Share Listed Fuel Gas Companies – Profiles and Financial Data

According to CRI, China’s urban fuel gas market is highly fragmented. Mergers and restructurings are under way to improve the bargaining power and to lower costs.

A-Share Listed Oil and Natural Gas Fuel Companies – Profiles and Financial Data

Oil and natural gas fuel companies refer to comprehensive oil companies engaged in the exploration, refining, sales, transportation and chemical engineering of oil and natural gas.

The post Analysis on Market Demand of Natural Gas in China, 2017 first appeared on CRI Report.

1 Overall Infant Formula Market Declines while Demand for High-end Infant Formula Grows.

China’s consumption of milk powder declines slightly on the whole. China’s monthly consumption per capita of milk powder is 0.046 kilograms, declined by 4.2% compared to that of the same period in the last year. Although the total consumption of milk powder declined, the prospect of China’s high-end milk powder and infant formula market is optimistic in domestic and oversea manufacturers.

2 Low Concentration Rate of High-end Infant Formula Market

China’s high-end infant formula market remains weak. There are only 40 Chinese enterprises with licenses to produce infant formula, so the market concentration rate is low. Infant formula accounts for over one-third of the total milk powder market while high-end infant formula accounts for less than one-third of the market.

3 Newly Upgraded Foreign Infant Formula Enjoys Advantages

The ever-growing market brings more fierce competitions to infant formula market. The high-end infant formula market is dominated by foreign brands. To further develop the market, international infant formula brands with R&D advantages lead the trend of upgrading formula.

Reference:

China Infant Milk Powder Industry Overview, 2017-2021

China imports large quantities of infant milk powder each year due to unstable quality control over domestic milk powder and its high prices.

Liquid Milk Industry Overview in China, 2011-2020

The output volume of liquid milk continuously increased in China in recent years, from 20.61 million tons in 2011 to 24.98 million tons in 2015, while the annual growth rate had a declining trend.

Research Report on China Dairy Industry, 2017-2021

According to CRI, China’s per capita consumption of dairy products in 2015 was only about one third of the world average level, and there was still room for growth.

The post Analysis on Status and Demand in Infant Formula Market first appeared on CRI Report.