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China Corn & Corn Deep Processing Market Report, 2006-2007

Published: Dec/2007

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Currently, the annual ouput of corn in China ranked the second place in the world only after the USA. The added-value of corn after deep processing increased 3-100 times compared to the raw corn. With the increase of purchasing power and the emphasis on the health, the market capactity of corn deep processing products will expand continuously.

The corn deep processing industry in China is in a rapid growth now, which not only promotes the development of food industry, such as the relevant beverage indsutry, confection & cake industry, dairy industry, meet processing, seasoning, functional healthy food, etc; but also drives the paper making industry, textile industry, medicine industry, construction dope, and petroleum chemical indsutry etc.

Corn Deep Processing in China, 2002-2006

 
 
Source: CNGOIC

The corn processing and conversion in China have developed rapidly in recent years with a growth of about 20% annually, especially the main corn production regions such as Jilin province, Heilongjiang province, Liaoning province, and Shandong province etc.

Take Jilin as the example, the deep processing of corn amounted to 2.8 million tons in 2001, about 6 million tons in 2005, and more than 10 million tons in 2006. According to the forecast of Jilin government, the corn deep processing will reach 16 million tons in 2015, nearly to the corn output of Jinlin. It is forecasted that the corn processing and conversion will achieve 24.5 million tons in China in 2007, and the amount of deep processing will account for about 20% in the total output of corn.

In recent years, China corn deep processing market has been deepening successively, and the production and expansion of downstream products of corn deep processing will be further strengthened in the future. In addition, the added-value of corn will be more outstanding, and it is forecasted that the development of global corn deep processing will be faster in the forthcoming two to five years. The growth of corn deep processing industry will drive the expansion of the whole corn industry chain as well.



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