China Palm Oil Industry, 2012-2016

China's Palm Oil Industry, 2012-2016

China's Palm Oil Industry

The palm oil of China mainly depends on import, and the main areas of their import, processing and sales are in North China (surrounding areas of Tianjin and Shandong), East China (surrounding areas of Shanghai such as Zhangjiagang, Taixing, Ningbo and other areas), and South China (surrounding areas of Guangzhou such as Huangpu, Shenzhen and Xiamen, etc). The import volume of palm oil in the three regions accounts for 92% of China’s total imports, among which are 24%, 34% and 34% in North China, East China and South China separately.

From the port of import, the import volume of Tianjin port, Zhangjiagang port and Huangpu port covers 67% of China’s total imports. In addition, the import volume of palm oil in Qingdao, Shenzhen and Xiamen is also relatively large, accounting for about 5% of China’s total imports respectively.

At present, there are over thousand enterprises of palm oil processing such as refining, extraction and mixture, and the major enterprises of palm oil processing such as Yihai Oils & Grains Industries Co., Ltd, Tianjin Longwit Oils & Grains Industrial Co., Ltd, etc locate in the vicinity of the main port of import. Currently, there are more than 50 domestic large oil and fat enterprises to import palm oil and their import volume holds around 60% of the total imports. Most of palm oil are usually transacted after refined and extracted by these enterprises with direct import, small part of them are sold through resellers.

Now, there are near ten thousand of enterprises of palm oil trading in China, among which large trading enterprises directly import palm oil from abroad and distribute them to a large number of small and medium-sized distributors after their arrival in China. There are over 80 trading enterprises to import palm oil and their import volume takes up 34% of total imports or so. These trading enterprises generally have no special storage and usually rent the tanks of oil and fat enterprises or storage enterprises.

The surrounding areas of Tianjin, Shanghai and Guangzhou are not only the main collecting and distributing centers of import and trading bust also the locations of the large enterprises of palm oil processing, which have capabilities of processing and storing palm oil.