中國乳製品產業：市場回顧・發展預測（2007年至2008年）

Abstract

Research Background

Chinese dairy industry has become more market-oriented, which is greatly influenced by the trend of international dairy market. In 2007, world dairy market changed a lot with energy price hitting a new level, such as petroleum, and strong demand for biological energy. Quantities of corn are changed to ethanol in major dairy producing countries, resulting in strained supply and rising price. Consequently, the surging corn price as the main feed stuff for cow caused breeding cow cost growth on a large margin and rising raw milk price. The dairy production and export subsidy abolishment in EU seriously influenced the production of raw milk and dairy products among EU members. A durative drought in Australia caused the decline of raw milk and dairy products and an excessive sloppy weather also influenced dairy production in New Zealand. Other government, i.e. India, Argentina and Brazil, carried out export restriction policies as to protect national economy. In addition, producing enterprises in the US and EU prefer the combination of cheese and whey to milk powder and butter, directly influencing the production of milk powder and butter. Internationally, supply for milk powder, especially SMP, whey powder declined with price growth. Domestically, under the influence of international market, export price of whey powder and milk powder as raw material increased by a large margin, resulting in increasing demand for domestic dairy material. In addition, in the advantage of price, international market pay great attention on Chinese milk power, causing a dramatic export growth. Recently, due to the purchasing price exceeding the breeding cost growth, benefit declined on year-on-year basis, farmers lost above 40% in the first half of 2007. In the second half of 2007, raw milk and dairy product surged on a large scale, resulting in a great pressure on dairy enterprises, profit hitting the lowest level among dairy processing enterprises. Dairy industry in China is witnessing a formidable change and a dramatic conformity. Considering the current situation, the central government put forward a new legislation Proposals on Promoting a Durative and Healthy Development in China Dairy Industry, which will bring significant influence to the future dairy industry in China.

This report analyzes dairy production, consumption, market price, basic situation of import and export, market competition, relevant hot topics, policy direction and impact, development of main dairy processing and packaging enterprises in China and the development of the international dairy industry in 2007, there is also a forecast for the development trend of the Chinese dairy industry in 2008.

This report is a joint product of the experts of the Dairy Department, Beijing Orient Agribusiness Consultants Ltd.. These senior dairy analysts also make advice for relevant departments and associations, and keep a beneficial relationship with major dairy enterprises, relevant industry enterprises, which provide precious information and data for this report, assuring the veracity, authority and forward looking. This is a rare report which shall be of great value for dairy investment companies, producers, material suppliers, equipment suppliers and research institutes both at home and abroad to understand the development trend of the dairy industry, to make decisions on the positioning of the enterprise and to formulate development strategies.

Table of Contents

CHAPTER ONE OVERALL DEVELOPMENT OF DAIRY INDUSTRY IN CHINA IN 2007

• 1.1 Raw Milk Production
  • 1.1.1 Slowing Down of Growth of Dairy Cattle Inventory, Lowest Level since 2000
  • 1.1.2 Slowing down of Growth of Production of All Sorts of Milk and Cow Milk, but Higher than Dairy Cattle Inventory Growth
• 1.2 Dairy Processing
  • 1.2.1 Growth of Liquid Milk Production Faster than in 2006, but Still A Low level since 2000
  • 1.2.2 Accelerated Growth of Output of Solid Dairy Products
• 1.3 Dairy Products Trade
  • 1.3.1 Large Slide of Dairy Import
  • 1.3.2 Substantial Growth of Export of Dairy Products
• 1.4 Dairy Products Consumption
  • 1.4.1 Constant Growth of Per Capita Possession Volume of Milk
  • 1.4.2 Stagnation of Dairy Consumption by Urban Residents
• 1.5 Dairy Product Prices
• 1.6 Dairy Industry Developments
• 1.7 Restructuring of Dairy Industry
• 1.8 Policy on Dairy Industry

CHAPTER TWO POLICY ENVIRONMENT OF DAIRY INDUSTRY IN CHINA, 2007

• 2.1 Overall Situation of Relevant Policies
• 2.2 Nanjing Dairy Enterprises Self-Discipline Announcement
  • 2.2.1 Background
  • 2.2.2 Major Contents
  • 2.2.3 Reasons for Abortion
• 2.3 Proposals on Promoting a Durative and Healthy Development in China Dairy Industry
  • 2.3.1 Background
  • 2.3.2 Major Contents
  • 2.3.3 Impacts on China Dairy Industry Development
• 2.4 Liquid Milk Mark and Label Supervisory Notification Promulgated by State Bureau of Quality Inspection & Quarantine and Ministry of Agriculture
  • 2.4.1 Background of the Promulgation
  • 2.4.2 Major Contents
  • 2.4.3 Impacts on Domestic Dairy Industry
• 2.5 Lagged Effect and Amendment of Relevant Policies
  • 2.5.1Raw Milk
  • 2.5.2 Liquid Milk
  • 2.5.3 Milk Powder
  • 2.5.4 Probiotic Drinks

CHAPTER THREE ANALYSIS OF DAIRY PRODUCTION IN CHINA IN 2007

• 3.1 Raw Milk Production
  • 3.1.1 General Situation
  • 3.1.2 Dairy Cattle Inventory
  • 3.1.3 Milk Output
  • 3.1.4 Regional Layout of Raw Milk Production
  • 3.1.5 Raw Milk Procurement Prices
• 3.2 Dairy Processing
  • 3.2.1 Liquid Milk
    • 3.2.1.1 Liquid Milk Output Trend
    • 3.2.1.2 Regional Layout of Liquid Milk Production
    • 3.2.1.3 Analysis of Liquid Milk Structure
  • 3.2.2 Solid Dairy Products
    • 3.2.2.1 Solid Dairy Product Output Trend
    • 3.2.2.2 Solid Dairy Products Output Regional Layout
    • 3.2.2.2 Milk Powder Production

CHAPTER FOUR CHINA DAIRY PRODUCTS TRADE ANALYSIS IN 2007

• 4.1 Analysis of Dairy Product Imports
  • 4.1.1 General Situation
  • 4.1.2 Import Structure
• 4.2 Milk Powder Imports Analysis
  • 4.2.1 Import Volume
  • 4.2.2 Import Structure
  • 4.2.3 Source of Import
  • 4.2.4 Import Destinations
  • 4.2.5 Import Prices
• 4.3 Analysis of Whey Products Import
  • 4.3.1 Import Volume
  • 4.3.2 Source of Import
  • 4.3.3 Import Destinations
  • 4.3.4 Import Prices
• 4.4 Analysis of Fats & Oils Milk Import
  • 4.4.1 Import Volume
  • 4.4.2 Source of Import
  • 4.4.3 Import Prices
• 4.5 Analysis of Cheese Imports
  • 4.5.1 Import Volume
  • 4.5.2 Import Source
  • 4.5.3 Import Prices
• 4.6 Analysis of Fresh Milk & Cream Import
  • 4.6.1 Import Volume
  • 4.6.2 Source of Import
  • 4.6.3 Import Prices
• 4.7 Analysis of Yogurt Imports
  • 4.7.1 Import Volume
  • 4.7.2 Source of Import
  • 4.7.3 Import Prices
• 4.8 Analysis of Dairy Product Exports
  • 4.8.1 General Export Status
  • 4.8.2 Dairy Products Export Structure
  • 4.8.3 Exportation Price of Fresh Dairy Products
  • 4.8.4 Milk Powder Export Prices

CHAPTER FIVE ANALYSIS OF DAIRY CONSUMPTION IN CHINA IN 2007

• 5.1 Overall Situation of Dairy Consumption
• 5.2 Structure of Dairy Consumption of Urban Residents
• 5.3 Regional Analysis of Dairy Consumption of Urban Residents
• 5.4 Retail Prices of Dairy Products
  • 5.4.1 Fresh Milk Prices
  • 5.4.2 Yogurt Prices
  • 5.4.3 Milk Powder Prices
  • 5.4.4 Feed Prices

CHAPTER SIX CHINA DAIRY MARKET COMPETITON ANALYSIS 2007

• 6.1 Features of Dairy Market Competition
• 6.2 Competition of Raw Milk Market
• 6.3 Competition of Milk Powder Market
  • 6.3.1 Environment of Milk Powder Market
  • 6.3.2 Market Share of Main Competitive Brands
• 6.4 Competition of UHT Milk Market
• 6.5 Market Competition of Pasteurized Milk
• 6.6 Market Competition of Yogurt

CHAPTER SEVEN CHINA LEADING DAIRY ENTERPRISES ANALYSIS 2007

• 7.1 Yili Group
  • 7.1.1 Business Revenue
  • 7.1.2 Status in Market Competition
  • 7.1.3 Business Forecast of Yili Group
• 7.2 Mengniu Group
  • 7.2.1 Business Revenue
  • 7.2.2 Status in Market Competition
  • 7.2.3 Business Forecast of Mengniu Group
  • 7.2.4 Comparison between Mengniu and Yili in Revenue in 2007
• 7.3 Bright Dairy
  • 7.3.1 Business Revenue
  • 7.3.2 Status in Market Competition
  • 7.3.3 Business Forecast of Bright Dairy
• 7.4 Sanlu Group
  • 7.4.1 Business Revenue
  • 7.4.2 Status in Market Competition
  • 7.4.3 Business Forecast of Sanlu Group
• 7.5 Sanyuan Foods
  • 7.5.1 Business Revenue
  • 7.5.2 Status in Market Competition
  • 7.5.3 Business Forecast of Sanyuan Foods
• 7.6 Wandersun Dairy
  • 7.6.1 Business Revenue
  • 7.6.2 Status in Market Competition
  • 7.6.3 Business Forecast of Wandersun Dairy
• 7.7 Yinqiao Dairy
  • 7.7.1 Business Revenue
  • 7.7.2 Status in Market Competition
  • 7.7.3 Business Forecast of Yinqiao Dairy
• 7.8 New Hope Dairy
  • 7.8.1 Business Revenue
  • 7.8.2 Status in Market Competition
  • 7.8.3 Business Forecast of New Hope Dairy
• 7.9 V.V. Dairy
  • 7.9.1 Business Revenue
  • 7.9.2 Status in Market Competition
  • 7.9.3 Business Forecast of V .V. Dairy
• 7.10 Nestle
  • 7.10.1 Business Revenue
  • 7.10.2 Status in Market Competition
  • 7.10.3 Business Forecast of Nestle Dairy
• 7.11 Dumex
  • 7.11.1 Business Revenue of Dumex
  • 7.11.2 Status in Market Competition
  • 7.11.3 Business Forecast of Dumex

CHAPTER EIGHT CHINA PACKAGE ENTERPRISES ANALYSIS FOR DAIRY PRODUCTS 2007

• 8.1 Analysis of Tetra Pak' s Main Business in China
• 8.2 Analysis of Cooperation of Tetra Pak and Dairy Manufacturers, Governmental Organizations and Related Associations in China
• 8.3 Forecast of Tetra Pak' s Business in China in 2008

CHAPTER NINE CHINA DAIRY INDUSTRY DEVELOPMENT ANALYSIS IN 2007

• 9.1 Overall Situation of Dairy Industry
• 9.2 Analysis of Running Ability of China Dairy Industry

CHAPTER TEN ANALYSIS OF THE WORLD DAIRY MARKET IN 2007

• 10.1 Analysis of the Overall Situation of the World Dairy Market in 2007
  • 10.1.1 Overall Situation of the World Dairy Market in 2007
    • 10.1.1.1 Production of Milk & Dairy Products
    • 10.1.1.2 Dairy Products Trade
    • 10.1.1.3 World Dairy Product Prices
  • 10.1.2 Analysis of Factors Influencing on World Dairy Products Market Trend in 2007
    • 10.1.2.1 Demand Analysis
    • 10.1.2.2 Supply Analysis
• 10.2 Analysis of Dairy Market Situations of Leading Production & Trade Countries (or Regions) in the World in 2007
  • 10.2.1 New Zealand
    • 10.2.1.1 Analysis of General Dairy Market Situations
    • 10.2.1.2 Raw Milk Production Analysis
    • 10.2.1.2 Butter Market Analysis
    • 10.2.1.3 Cheese Market Analysis
    • 10.2.1.4 SMP Market Analysis
    • 10.2.1.5 WMP Market Analysis
  • 10.2.2 Australia
    • 10.2.2.1 Analysis of General Dairy Market Situations
    • 10.2.2.2 Raw Milk Production Analysis
    • 10.2.2.2 Butter Market Analysis
    • 10.2.2.3 Cheese Market Analysis
    • 10.2.2.4 SMP Market Analysis
    • 10.2.2.5 WMP Market Analysis
  • 10.2.3 United States
    • 10.2.3.1 Analysis of General Dairy Market Situations
    • 10.2.3.2 Raw Milk Production Analysis
    • 10.2.3.3 Cheese Market Analysis
    • 10.2.3.4 Whey Powder Market Analysis
    • 10.2.3.5 NFDM (human) Market Analysis
    • 10.2.3.6 Butter Market Analysis
  • 10.2.4 EU-27
    • 10.2.4.1 Analysis of General Dairy Market Situations
    • 10.2.4.3 Butter Market Analysis
    • 10.2.4.4 Cheese Market Analysis
    • 10.2.4.5 WDM Market Analysis
    • 10.2.4.6 NFDM Market Analysis
  • 10.2.5 India
    • 10.2.5.1 Analysis of General Dairy Market Situations
    • 10.2.5.2 Milk & Dairy Products Consumption Analysis
    • 10.2.5.3 Dairy Products Trade Analysis

CHAPTER ELEVEN PREDICTIONS FOR CHINA' S DAIRY INDUSTRY IN 2008

• 11.1 Prospect of Raw Milk Production
  • 11.1.1 Cow Inventory
  • 11.1.2 Raw Milk Output
  • 11.1.3 Raw Milk Production Regional Layouts
• 11.2 Prospect of Dairy Product Process
  • 11.2.1 Main Dairy Products
    • 11.2.1.1 Liquid Milk
    • 11.2.1.2 Milk Powder
  • 11.2.2 Other Dairy Products
    • 11.2.2.1 Cheese
    • 11.2.2.2 Butter & Cream
    • 11.2.2.2 Condensed Milk
  • 11.2.3 Marginal Dairy Products
    • 11.2.3.1 Ice Cream
    • 11.2.3.2 Lactic Drinks
• 11.3 Prospect of Dairy Product Trade
  • 11.3.1 Import Trade
  • 11.3.2 Export Trade
• 11.4 Prospect of Prices of Raw Milk and Dairy Products
  • 11.4.1 Raw Milk Prices
  • 11.4.2 Dairy Product Prices
• 11.5 Prospect of Dairy Product Consumption
• 11.6 Prospect of Dairy Industrial Competition

ANNEX

• Annex One: China Raw Milk Balance Sheet, 2006-2008
• Annex Two: China WMP Balance Sheet, 2006-2008

Figures & Tables

• Figure 1-1 Cow Inventory Growth Trend in China, 1997-2007
• Figure 1-2 Raw Milk Output Growth Trend in China, 1997-2007
• Figure 1-3 Liquid Milk Output Trend in China, 2000-2007
• Figure 1-4 Solid Milk Products Output Trend in China, 2000-2007
• Figure 1-5 Dairy Products Import Trend in China, by Month, 2004-2007
• Table 1-1 Dairy Products Imports in China, 2007
• Table 1-2 Dairy Products Exports from China, 2007
• Figure 1-6 Growing Trend of Per Capita Milk Possession Volume in China, 1992-2007
• Figure 1-7 Percapita Consumption of Dairy Products in Urban Regions of China�C1992-2007
• Table 1-3 Average Retail Price of Dairy Products at Urban Market in China, by Quarter, 2005-2007
• Table 1-4 Growth of Average Retail Price of Dairy Products at Urban Market in China, by Quarter, 2006-2007
• Table 1-4 Indices of Dairy Industry in China, 2002-2007
• Figure 3-1 China Cow Inventory Growth Trend, 1997-2007
• Figure 3-1 Growing Trend of Output of All Sorts of Milk in China, 1997-2007
• Table 3-1 Dairy Cattle Inventory, Cow Milk Production and Growth, 1996-2007
• Figure 3-3 Changes of Dairy Cattle Inventory of Different Provinces and Regions in China, 2007
• Figure 3-4 Status of Provincial Dairy Cattle Inventory in China, 2007
• Figure 3-5 Changes of Provincial Cow Milk Output, 2007
• Figure 3-6 Status of Provincial Cow Milk Output in China, 2007
• Figure 3-7 Change of Raw Milk Procurement Prices in Different Regions of China, 2005-2007
• Figure 3-8 Liquid Milk Production and Growth in China, 2001-2007
• Figure 3-9 Liquid Milk Production and Proportion in Total of Dairy Products in China, 1996-2007
• Figure 3-10 Liquid Milk Production of Various Regions in China (I), 2000-2007
• Figure 3-11 Liquid Milk Production of Various Regions in China (II), 2000-2007
• Figure 3-12 Liquid Milk Output of Top 5 Provinces in China, 2000-2007
• Figure 3-13 Liquid Milk Structure in China, by Volume, 2000-2007
• Figure 3-14 UHT Milk Output & Its Growth Rate in China, 2001-2007
• Figure 3-15 Pasteurized Milk Output & Its Growth Rate in China, 2001-2007
• Figure 3-16 Yogurt Output & Its Growth Rate in China, 2001-2007
• Figure 3-17 Solid Dairy Products Output & Its Proportion in Total Dairy Products in China, 1997-2007
• Figure 3-18 Solid Dairy Products Output & Its Growth Trend in China, 1997-2007
• Figure 3-19 Solid Dairy Products Output in Different Regions in China, 1998-2007
• Figure 3-19 Analysis of Solid Dairy Products Output in Different Regions in China, 1998-2007
• Figure 3-20 Solid Dairy Products Output in Main Production Provinces in China, 2003-2007
• Figure 3-21 Trend of Milk Production in China, 1990-2007
• Figure 3-22 Change of Proportion of Milk Powder in Solid Dairy Products in China, 1990-2007
• Figure 3-23 Proportion of Milk Powder in Total of Dairy Products in China, 1997-2007
• Figure 3-24 Milk Powder Struction in China, by Volume, 1999-2007
• Table 4-1 Dairy Products Imports of China, 2006-2007
• Table 4-2 Import Structure Change of Dairy Products in China, 2006-2007
• Figure 4-1 SMP Imports Trend in China, by Month, 2003-2007
• Figure 4-2 WMP Not Containing Added Sugar Imports Trend, by Month in China, 2003-2007
• Figure 4-3 WMP Containing Added Sugar Imports Trend, by Month in China, 2003-2007
• Figure 4-4 Change of Milk Powder Import Structure of China, by Volume, 2002-2007
• Table 4-3 Milk Powder Import Sources & Change in China, 2006-2007
• Figure 4-5 SMP Import Destinations of China, by Volume, 2007
• Figure 4-6 WMP Not Containing Added Sugar Import Destinations of China, by Volume, 2007
• Figure 4-7 WMP Containing Added Sugar Import Destinations of China, by Volume, 2007
• Figure 4-8 SMP Import Prices (CIF) Trend in China, 2003-2007
• Figure 4-8 China WMP Not Containing Added Sugar Import Prices (CIF) Trend, 2003-2007
• Figure 4-10 China Whey Products Import Trend, by Volume, 2003-2007
• Table 4-4 Whey Products Import Origines & Shares Change in China, 2006-2007
• Figure 4-5 Whey Products Import Destinations in China, by Volume, 2006-2007
• Figure 4-11 Whey Products Import Prices ( CIF) Trend in China, 2003-2007
• Figure 4-12 Butter &Dehydrolyzed Cream Import Trend in China, by Volume, 2004-2007
• Figure 4-13 Milk Fats & Oils Import Sources & Shares Change in China, 2003-2007
• Figure 4-14 Butter &Dehydrolyzed Cream Import Prices (CIF) Trend in China, 2004-2007
• Figure 4-15 Cheese Imports Trend in China, by Volume, 2004-2007
• Figure 4-16 Main Cheese Import Sources in China, 2007
• Figure 4-17 Cheese Import Prices (CIF) Trend in China, 2004-2007
• Figure 4-18 Fresh Milk & Cream Import Trend in China, by Volume, 2004-2007
• Figure 4-19 Main Fresh Milk & Cream Import Sources in China, 2007
• Figure 4-20 Fresh Milk & Cream Import Prices (CIF) Trend in China, 2004-2007
• Figure 4-21 Yogurt Import Trend, by Volume in China, 2004-2007
• Figure 4-22 Yogurt Import Source in China, 2007
• Figure 4-23 Yogurt Import Prices (CIF) Trend in China, 2004-2007
• Table 4-6 Dairy Product Exports in China, 2007
• Figure 4-24 China Dairy Products Export Structure, by Volume, 2007
• Figure 4-25 China Dairy Products Export Structure, by Value, 2007
• Table 4-7 Comparsion of Exp & Imp Prices of Fresh Fresh Dairy Products of China, by Month, 2007
• Figure 4-26 China Milk Powder Export Prices, by Month, 2007
• Table 5-1 China Percapita Possession Volume of Milk & Prospects, 1992-2007
• Figure 5-1 China Percapita Possession Volume of Milk Growth Trend, 1992-2007
• Table 5-2 China Percapita Consumption of Dairy Products of Urban Residents, 1992-2007
• Table 5-3 China Percapita Consumption Expenditures of Dairy Products, by Quarter, 2006-2007
• Figure 5-2 China Rural Residents Percapita Consumption of Milk & Dairy Products, 1992-2015
• Figure 5-3 China Urban Resident Percapita Consumption Structure of Dairy Products, by Value & Quarter, 2005-2007
• Figure 5-4 China Urban Resident Percapita Consumption Structure of Dairy Products, by Volume & Quarter, 2005-2007
• Table 5-4 Change of China Percapita Consumption of Dairy Products of Urban Residents in Different Regions, 2006-2007
• Table 5-5 Change of China Percapita Consumption of Fresh Milk of Urban Residents in Different Regions, 2006-2007
• Table 5-6 Change of China Percapita Consumption of Yogurt of Urban Residents in Different Regions, 2006-2007
• Table 5-7 Change of China Percapita Consumption of Milk Powder of Urban Residents in Different Regions, 2006-2007
• Table 5-8 China Average Retail Prices of Dairy Products in Urban Regions, by Quarter, 2005-2007
• Table 5-9 Change of China Average Retail Prices of Dairy Products in Urban Regions, by Quarter, 2006-2007
• Figure 5-5 China Average Corn Spot Prices Trend in Different Regions, by Month, 2006-2007
• Figure 5-6 China Average Bean Meal Spot Prices Trend in Different Regions, by Month, 2006-2007
• Figure 5-7 China Average Wheat Bran Coat Spot Prices Trend in Different Regions, by Month, 2006-2007
• Figure 6-1 China Main Brands' Market Shares of Milk Powder, 2007
• Figure 6-2 China Main Brands' Market Shares Change of UHT Milk, 2006-2007
• Figure 6-3 China Main Brands' Market Shares Change of Pasteurised Milk, 2005-2006
• Figure 6-4 China Main Brands' Market Shares Change of Yogurt, 2005-2006
• Table 7-1 Yili Group Business Revenue, 1st half of 2007
• Table 7-2 Yili Group Business Achievements, 1st Three Quarters 2007
• Table 7-3 Yili Group Business Achievements, 2007
• Table 7-4 Yili Group Main Dairy Products Output, 2007
• Table 7-5 Mengniu Group Business Achievements, 1st half of 2007
• Table 7-6 Mengniu Group Business Achievements, 2007
• Table 7-7 Bright Dairy Business Achievements, 1st half of 2007
• Table 7-8 Bright Dairy Business Achievements, 1st Three Quarters 2007
• Table 7-9 Bright Dairy Business Achievements, 2007
• Figure 7-1 China Top 10 Brands' Market Shares (by Sales Volume) Change of UHT Milk, Sept 2006-Sept 2007
• Table 7-10 Sanlu Group Main Dairy Products Output Sheet, 2007
• Table 7-11 Sanyuan Main Business Achievements, 1st half of 2007
• Table 7-12 Sanyuan' s Main Business Income Growth Trend in Different Regions, 1st half of 2007
• Table 7-13 Sanyuan Main Business Achievements, 1st Three Quarters 2007
• Table 7-14 Sanyuan Main Business Achievements, 2007
• Table 7-15 Wandersun Dairy Main Dairy Products Output Sheet, 2007
• Table 7-16 Yinqiao Dairy Main Dairy Products Output Sheet, 2007
• Table 7-17 New Hope Group Main Business Achievements, 1st half of 2007
• Table 7-18 Forecast of Business Achievements of New Hope Dairy, 2007
• Table 7-19 V.V. Group Main Business Achievements, 1st half of 2007
• Table 7-20 Forecast of Main Business Achievements of V.V. Dairy, 2007
• Table 7-21 Dumex (China) Business Achievements, 2007
• Table 7-22 Dumex (China) Profit Sheet, 2004-2006
• Table 7-23 Products & Output of Dumex (China), 2004-2007
• Table 9-1 China Dairy Industry Main Development Index, 2002-2007
• Table 9-2 China Dairy Industry Assets Management Rate, 2002-2007
• Figure 10-1 World SMP Prices Trend, 1995-2005
• Figure 10-2 World SMP Prices Trend Forecast in Future, Oct 2007-Jan 2009
• Figure 10-3 World WMP Prices Trend, 1995-2005
• Figure 10-4 World WMP Prices Trend Forecast in Future, Oct 2007-Jan 2009
• Figure 10-5 World Butter Prices Trend, by Month, 2005-2008
• Figure 10-6 World Cheddar Cheese Prices Trend, by Month, 2005-2008
• Figure 10-7 World Whey Powder Prices Trend, by Month, 2005-2008
• Table 10-1 Cow Inventory Change of Leading Countries of the World, 2001-2007
• Table 10-2 Cow Milk Output Change of Leading Countries of the World, 2001-2007
• Table 10-3 Production & Trade of WMP of Leading Countries of the World, 2006-2007
• Table 10-4 Production & Trade of SMP of Leading Countries of the World, 2006-2007
• Table 10-5 Production & Trade of Butter & Ghee of Leading Countries of the World, 2006-2007
• Table 10-5 Production & Trade of Cheese of Leading Countries of the World, 2006-2007
• Figure 10-8 Proportion of Liquid Milk Consumption vs Raw Milk of Leading Countries of the World, 2007
• Table 10-7 New Zealand Raw Milk Balance Sheet, 2006-2008
• Table 10-8 New Zealand Butter Balance Sheet, 2006-2008
• Table 10-9 New Zealand Butter Export Destinations, 2003-2007
• Table 10-10 New Zealand Cheese Balance Sheet, 2006-2008
• Table 10-11 New Zealand Cheese Export Destinations, 2003-2007
• Table 10-12 New Zealand Nonfat Dry Milk Balance Sheet, 2006-2008
• Table 10-14 New Zealand Dry Whole Milk Powder Balance Sheet, 2006-2008
• Table 10-15 New Zealand Dry Whole Milk Powder Export Destinations, 2003-2007
• Figure 10-9 Australia Raw Milk Supply, by Month, 2004/05-2006/07
• Table 10-16 Australia Raw Milk Balance Sheet, 2006-2008
• Table 10-17 Australia Butter Balance Sheet, 2006-2008
• Table 10-18 Australia Cheese Balance Sheet, 2006-2008
• Table 10-19 Australia Nonfat Dry Milk Balance Sheet, 2006-2008
• Table 10-20 Australia Dry Whole Milk Powder Balance Sheet, 2006-2008
• Table 10-21 America Cow Inventory & Cow Milk Output Change Trend, 2005-2007
• Figure 10-10 America Total Cheese Output Trend, by Month, 2005-2007
• Figure 10-11 America Cheddar Cheese Prices (FAS) Trend, 2005-2008
• Figure 10-12 America Whey Powder Output Trend, by Month, 2005-2007
• Figure 10-13 America Whey Powder Prices (FAS) Trend, 2005-2008
• Figure 10-14 America SMP (human) Output Trend, by Month, 2005-2007
• Figure 10-15 America SMP (human) Prices (FAS) Trend, 2005-2008
• Figure 10-16 America Butter Output Trend, by Month, 2005-2007
• Figure 10-175 America Butter Prices (FAS) Trend, 2005-2008
• Table 10-22 EU-27 Raw Milk Balance Sheet, 2006-2008
• Table 10-23 EU-27 Butter Balance Sheet, 2006-2008
• Table 10-24 EU-27 Cheese Balance Sheet, 2006-2008
• Table 10-25 EU-27 Whole Dry Milk Balance Sheet, 2006-2008
• Table 10-26 EU-27 Non Fat Dry Milk Balance Sheet, 2006-2008
• Table 10-27 India Raw Milk Balance Sheet, 2006-2008
• Table 10-28 India SMP Balance Sheet, 2006-2008
• Table 10-29 India Butter & Ghee Balance Sheet, 2006-2008
• Figure 10-18 India Dairy Product Exports, 2005-06
• Table 10-30 India Tariff Structure for Various Dairy Products
• Annex I: China Raw Milk Balance Sheet, 2006-2008
• Annex II: China WMP Balance Sheet, 2006-2008
• Table 29 Trend of Cow Inventory of Main Countries, 2001-2007
• Table 30 Trend of Milk Yield of Main Countries, 2001-2007
• Table 31 Production of Whole Milk Powder of Main Countries in 2007
• Table 32 Production of Skimmed Milk Powder of Main Countries in 2007
• Table 33 Production of Butter and Ghee of Main Countries in 2007
• Table 34 Production of Butter and Ghee of Main Countries in 2007
• Table 35 Production of Cheese of Main Countries in 2007
• Table 36 Prospect of Production and Consumption of Milk and Dairy Products of Main Countries in 2007
• Table 37 Balance Sheet of Liquid Dairy in New Zealand 2006-2008
• Table 38 Balance Sheet of Butter in New Zealand 2006-2008
• Table 39 Export Flow of Butter of New Zealand 2002-2007
• Table 40 Balance Sheet of Cheese in New Zealand 2006-2008
• Table 41 Export Flow of Cheese of New Zealand 2002-2007
• Table 42 Balance Sheet of Skimmed Milk Powder in New Zealand 2006-2008
• Table 43 Export Flow of Skimmed Milk Powder of New Zealand 2002-2007
• Table 44 Balance Sheet of Whole Milk Powder in New Zealand 2006-2008
• Table 45 Export Flow of Whole Milk Powder in New Zealand 2002-2007
• Table 46 Trend of Cow Inventory and Milk Yield in the US, 2005-2007
• Table 47 Balance Sheet of Various Kinds of Milk in the EU 2006-2008
• Table 48 Balance Sheet of Butter in the EU 2006-2008
• Table 49 Balance Sheet of Cheese in the EU 2006-2008
• Table 50 Balance Sheet of Whole Milk Powder in the EU 2006-2008
• Table 51 Balance Sheet of Skimmed Milk Powder in the EU 2006-2008
• Table 52 Dairy Cattle Inventory and Cow Milk Output in America in 2005
• Table 53 Balance Sheet of Various Kinds of Milk in the EU 2003-2005
• Table 54 Balance Sheet of Cheese in the EU 2003-2005
• Table 55 Balance Sheet of Butter in the EU 2003-2005
• Table 56 Balance Sheet of Whole Powder in the EU 2003-2005
• Table 57 Balance Sheet of Skimmed Powder in the EU 2003-2005
• Table 58 Balance Sheet of Various Kinds of Milk in India 2006-2008
• Table 59 Balance Sheet of Skimmed Powder in India2006-2008
• Table 60 Balance Sheet of Butter in India2006-2008

FIGURE

• Figure 1 Growth Trend of China Dairy Cattle Inventory, 1999-2007
• Figure 2 Growth Trend of China Cow Milk Production, 1999 -2007
• Figure 3 Increase Rate of Liquid Dairy Production(by month), 2004-2007
• Figure 4 Increase Rate of Dairy Production on Year-on-year Basis(by month), 2004-2007
• Figure 5 Outputs of Dairy Products, Liquid Milk and Solid Dairy Products, 2001-2007
• Figure 6 Large Dairy Import Slid in 2007
• Figure 7 Dairy Export and Growth Ratio of Milk Powder(by month), in 2007
• Figure8 Per Capita Milk Consumption of Urban Residents, 2001-2007
• Figure 9 Per Capita Dairy Consumption Expenditure of Urban Residents, 2001-2007
• Figure 10 Dairy Cattle Inventory in Main Milk Producing Provinces, 2001-2007
• Figure 11 Cow Milk Production in Main Milk Producing Provinces, 2001-2007
• Figure 12 Production and Growth Rate of Liquid Dairy, 2001-2007
• Figure 13 Liquid Dairy Production and Its Proportion to the Total, 1996-2007
• Figure 14 Monthly Trend of Liquid Dairy Production, 2004-2007
• Figure 15 Liquid Dairy Production of All Regions, 2001-2007
• Figure 16 Regional Layout of Liquid Dairy Production, 2007
• Figure 17 Liquid Dairy Production of Main Provinces, 2003-2007
• Figure 18 Composition of Liquid Dairy, 2000-2007
• Figure 19 Production and Growth Rate of Sterilized Dairy, 2000-2007
• Figure 20 Production and Growth Rate of Pasteurized Dairy, 2000-2007
• Figure 21 Production and Growth Rate of Yoghurt, 2000-2007
• Figure 22 Solid Dairy Production and Proportion to Dairy Production, 1996-2007
• Figure 23 Monthly Trend of Solid Dairy Production, 2001-2007
• Figure 24 Solid Dairy Production of All Regions in China, 2000-2007
• Figure 25 Analysis on Regions of Solid Dairy Produciton, 2000-2007
• Figure 26 Solid Dairy Production of Main Provinces, 2003-2007
• Figure 27 Milk Powder Production and Proportion to Solid Dairy Production, 1996-2007
• Figure 28 Milk Powder Production and Proportion to Dairy Production, 1996-2007
• Figure 29 Composition of Milk Powder Production, 1999-2007
• Figure 30 WMP Production and Growth Rate, 2000-2007
• Figure 31 Produciton and Growth Rate of WMP Containing Added Sugar, 2000-2007
• Figure 32 Production and Growth Rate of Infant Formula Milk Powder, 2000-2007
• Figure 33 SMP Production and Growth Rate, 2000-2007
• Figure 34 Structure of Dairy Import Volume, 2001-2007
• Figure 35 Structure of Dairy Import Value, 2001-2007
• Figure 36 Proportion of Import Dairy of Original Countries, 2004-2007
• Figure 37 Destination of Imported Dairy Products(by import value), 2007
• Figure 38 Destination of Imported Dairy Products(by import volume), 2007
• Figure 39 Trend of Import Volume of SMP (by month), 2003-2007
• Figure 40 Trend of Import Value of SMP (by month), 2003-2007
• Figure 41 Trend of Import Volume of WMP (by month), 2003-2007
• Figure 42 Trend of Import Value of WMP (by month), 2003-2007
• Figure 43 Layout of Original Countries of SMP Import, 2007
• Figure 44 Destinations of Imported WMP, 2007
• Figure 45Trend of Import Volume and Value of Whey Products, 2003-2007
• Figure 46 Monthly Trend of Whey Products Import, 2003-2007
• Figure 47 Layout of Original Countries of Whey Products Import, 2004-2007
• Figure 48 Layout of Imported Whey Products(by import volume), 2004-2007
• Figure 49 Import Volume and Value of Butter and Butteroil, 2003-2007
• Figure 50 Layout of Original Countries of Butter and Butteroil, 2007
• Figure 51 Trend of Import Volume and Value of Cheese, 2003-2007
• Figure 52 Layout of Original Countries of Cheese, 2007
• Figure 53 Import Volume and Value of Fresh Dairy Products, 2003-2007
• Figure 54 Layout of Original Countries of Fresh Dairy Products, 2006-2007
• Figure 55 Trend of Import Volume and Value of Yoghurt, 2003-2007
• Figure 56 Layout of Original Countries of Yoghurt Import, 2007
• Figure 57 Stucture of Dairy Products Imported from New Zealand, 2004-2007
• Figure 58 Stucture of Dairy Products Imported from America, 2004-2007
• Figure 59 Stucture of Dairy Products Imported from France, 2004-2007
• Figure 60 Stucture of Dairy Products Imported from Australia, 2004-2007
• Figure 61 Export Structure of Dairy Products(by export volume), 2006-2007
• Figure 62 Composition of Dairy Products Export(by export value), 2006-2007
• Figure 63 Trend of Per Capita Fresh Dairy Consumption by Urban Residents, 2003-2007
• Figure 64 Trend of Per Capita Consumption of Milk Powder and Yoghurt by Urban Residents, 2001-2007
• Figure 65 Composition of Dairy Consumption Amount by Urban Residents, 2007
• Figure 66 Composition of Dairy Consumption Expenditure by Urban Residents in North China, 2007
• Figure 67 Composition of Dairy Consumption Expenditure by Urban Residents in Northeast, 2007
• Figure 68 Composition of Dairy Consumption Expenditure by Urban Residents in East China, 2007
• Figure 69 Composition of Dairy Consumption Expenditure by Urban Residents in Central & South China, 2007
• Figure 70 Composition of Dairy Consumption Expenditure by Urban Residents in Southwest, 2007
• Figure 71 Composition of Dairy Consumption Expenditure by Urban Residents in Northwest, 2007
• Figure 72 Per Capita Dairy Consumption by Urban Residents of All Regions, 2006-2007
• Figure 73 Per Capita Dairy Consumption Expenditure by Urban Residents, 2006-2007
• Figure 74 Average Sale Price of Fresh Dairy Products in All Regions, 2001-2007
• Figure 75 Average Sale Price of Yoghurt in All Regions, 2005-2007
• Figure 76 Trend of Average Sale Price of Milk Powder in All Regions, 2005-2007
• Figure 77 Production of Main Milk Powder Producing Enterprises in 2007
• Figure 78 Comparison of Market Shares of Small Packaged Milk Powder Brands in 2007
• Figure 79 Factory Price of Main Milk Powder Producing Enterprises, 2007
• Figuer 80 Composition of Milk Powder Price of Main Producing Enterprises, 2007
• Figure 81 Comparison of Terminal Price of Different Milk Powder Brands 2007
• Figure 82 Market Shares of Main Liquid Milk Brands, 2006-2007
• Figure 83 Trend of Market Shares of Main Yoghurt Brands, 2006-2007
• Figure 84 Market Shares of Main Dairy Beverage Brands, 2006-2007
• Figure 85 Profit Ratio of Sales Income of Dairy Industry, 2001-2007
• Figure 86 Total Assets and Benefits of the Owners of Dairy Industry, 2001-2007
• Figure 87 Growth Trend of Total Profit of Dairy Industry, 2002-2007
• Figure 88 Ratio of Loss-incurring Enterprises in Dairy Industry, 2002-2007
• Figure 89 Gross Loss Carry-forward in Dairy Industry, 2002-2007
• Figure 90 Ratio of Loss-incurring Enterprises of Diiferent Sizes, 2007
• Figure 91 Proportion of Loss-incurring Enterprises of Different Sizes, 2007
• Figure 92 Proportion of Loss Carry-forward of Different Sized Enterprises, 2007
• Figure 93 Regional Layout of Dairy Enterprises in 2007
• Figure 94 World Whole Milk Powder Prices Trend, 2005-2007
• Figure 95 World Nonfat Dry Milk Prices Trend, 2005-2007
• Figure 96 World Butter Prices Trend, 2005-2007
• Figure 97 World Cheese Prices Trend, 2005-2007
• Figure 98 Australian Milk Production Trend, 1997-2007
• Figure 99 Australian Butter Production and Exports Trend,1997-2007
• Figure 100 Australian Cheese Production and Exports Trend,1997-2007
• Figure 101 Australian SMP Production and Exports Trend,1997-2007
• Figure 102 Australian WMP Production and Exports Trend,1997-2007
• Figure 103 American Total Cheese Production Trend, 2003-2007
• Figure 104 American Cheddar Cheese Price Trend, 2006-2007
• Figure 105 American Butter Production Trend, 2003-2007
• Figure 106 American Butter Monthly Prices Trend, 2006-2007
• Figure 107 American SMP Production Trend(by month), 2006-2007
• Figure 108 American SMP Monthly Market Prices Trend, 2006-2007
• Figure 109 American Whey Product Production Trend, 2003-2007
• Figure 110 American Whey Product Monthly Market Prices Trend, 2006-2007
• Figure 111 American Lactose Production Trend, 2003-2007