Our country is the earliest use of soybean oil country in the world, nearly one thousand history, is the world's second largest soybean oil production and the largest consumer.The characteristics of the oil industry in China is mainly manifested in the following seven aspects:
1. There are many different kinds of oil processing products, and proportion
In oil processing industry in China, the diversity of products, but the capacity or output ratio difference.From 2010/2011 annual capacity structure of vegetable oil press industry in our country can learn, crushing capacity in China accounted for about 63.8% of the total output of oil industry can, rapeseed crushing capacity accounts for about 10.05%, and then is peanuts and sunflower seeds.Soybean oil yield ratio obviously occupies the first position, at 52.74%, canola oil accounted for 26.49%, peanut oil accounted for 11.82%, then the cottonseed oil and sunflower oil, the proportion of each type in the entire oil industry is very not harmonious.Can say crushing in oil processing industry in our country monopolizes half, therefore, from the main characteristics of soybean crushing industry and soybean oil market analysis, to understand the outline of the entire oil industry in our country.2009/2010 Chinese soybean oil output of 8.7 million tons, accounting for 22.5% of global production, is the world's second largest oil producer, is expected to 2010/2011 soybean oil production in China is expected to more than the United States.
2. The oil processing industry development is mainly driven by economic growth
With the expansion of the population base and gradually improve people's living standards, consumption of fat foods also present the trend of increasing gradually.First of all, a huge increase in national income the income effect caused by increased the total oil consumption demand;Secondly, continued urbanization makes the rural population to cities, living habits and way of life began to city, at the same time lead to vegetable oil consumption growth.China's large population, per capita oil consumption is far lower than the developed countries, large consumption potential, soybean oil production will continue to rise in coming years.In addition, economic growth will promote livestock products consumption, and the breeding of soybean meal demand is bigger, also can indirectly improve soybean oil production.
3. The soybean oil processing capacity expanding rapidly
Our country is the world's oil production of the fastest growing country, over the past 10 years, annual oil production growth rate of 12%, far higher than other countries, is expected in 2011 the national soybean crushing capacity up to 102 million tons.Can be seen from the crushing capacity growth each year, in 2004 after the crushing capacity have a slowdown, but then the increasing year by year, in 2010 the growth rate fell slightly, but the 2011 annual capacity growth levels close to 2004 high again.Even so, China's 2009/2010 total soybean oil new supply of 10.6 million tons, of which domestic soybean as raw material to produce soybean oil quantity of about 720000 tons, about 9.88 million tons of soybean oil or by importing soybeans production, or from direct import, soybean oil supply foreign dependence of more than 93%.