Breeders must have a look! Five Characteristics of Feed Industry Development in 2021
The feed industry has always been closely related to the development of the breeding industry. Last year, China's pig production recovered very quickly, and the feed industry, especially the pig feed industry, developed vigorously. Recently, the Ministry of Agriculture and Rural Affairs and the China Feed Industry Association jointly released the Overview of the Development of the National Feed Industry in 2021. The reporter from the New Animal Husbandry Website of the Agriculture and Finance Treasure Book summarized several characteristics of the development of the feed industry in 2021 by combing the report.
Feature 1: The total feed output has reached a new high, the pig feed output has soared by 46.6%, and the poultry feed output has declined significantly
According to the data, the total output of industrial feed in 2021 will be 293.443 million tons, with a year-on-year growth of 16.1%, which is the highest ever. With the rapid development of pig industry last year, the output of pig feed was 130.765 million tons, an increase of 46.6%. Among them, the output of formulated feed was 270.171 million tons, up 17.1%; The output of concentrated feed was 15.511 million tons, up 2.4%; The output of additive premix was 6.631 million tons, up 11.5%.
Pigs and poultry are the main sources of meat and eggs in China. After the obvious increase of pigs, the consumption of poultry has declined. As a result, the feed industry has witnessed an obvious substitution effect between pigs and meat and poultry, and the feed output has also declined. In 2021, the feed output of eggs and poultry will be 32.314 million tons, down 3.6% year on year; The output of meat and poultry feed was 89.096 million tons, down 2.9% year on year.
In addition, the output of ruminant feed was 14.803 million tons, up 12.2% year on year; The output of aquatic feed was 22.930 million tons, up 8.0% year on year; The output of pet feed was 1.13 million tons, up 17.3% year on year; The output of other feedstuffs was 2.405 million tons, down 16.2% year on year.
Feature 2: The regional layout is stable, and the output of Shandong and Guangdong continues to outperform that of the whole country
According to the published data, in 2021, there will be 13 provinces with feed output exceeding 10 million tons, 3 more than the previous year.
Among them, the output of Shandong Province and Guangdong Province continues to rank among the top two in China. In 2021, the output of Shandong Province will reach 44.763 million tons, with a year-on-year growth of 3.2%; The output of Guangdong Province was 35.733 million tons, up 18.7% year on year. In addition, the total output value of feed products in Shandong and Guangdong continued to exceed 100 billion yuan, respectively 159.7 billion yuan and 148.2 billion yuan.
In addition, the feed output of 27 provinces and Xinjiang Production and Construction Corps increased over the previous year, 12 of which increased by more than 20%.
In terms of pig feed output, the top three provinces are Guangdong, Shandong and Guangxi. Their pig feed output is 13.21 million tons, 12.34 million tons and 11.55 million tons respectively.
Feature 3: large-scale production has become a general trend, with the annual output of 6 enterprise groups exceeding 10 million tons
According to the data released by China Feed Industry Association, in 2021, there will be 39 feed enterprise groups with an annual output of more than one million tons, an increase of 6 over the previous year, and the total feed output will account for 59.7% of the total feed output in China. Among them, 6 enterprise groups produced more than 10 million tons annually, an increase of 3 over the previous year.
According to the enterprise announcement, it is known that the enterprise groups with the current output of more than 10 million tons in 2021 have new hopes, respectively, Haida Group and the twins. New Hope has publicly stated that in 2021, the company will sell 28 million tons of feed, ranking first in the world. Bao Hongxing, chairman of Twin Group, revealed in his 2022 New Year speech that the company sold 11 million tons of feed last year. However, the financial report of Haida Group in the third quarter of 2021 shows that the foreign sales of feed in the first three quarters have reached 14 million tons.
According to the reporter's investigation, in 2021, the other three enterprises with more than 10 million tons will be Chia Tai, Wen Shi and Muyuan.
In addition, there are 14 production plants in China with an annual output of more than 500000 tons, an increase of 5 over the previous year. The maximum output of a single plant is 1.251 million tons. In addition, there were 957 feed manufacturers with a capacity of more than 100000 tons, an increase of 208 over the previous year; The total feed output was 177.077 million tons, an increase of 24.4% year on year, accounting for 60.3% of the total feed output nationwide, an increase of 7.5 percentage points over the previous year.
Feature 4: The sales of bulk feed account for more than one third, and the formula structure tends to be diversified
With the expansion of the scale of the farm, in order to save manpower and time costs, the bulk transportation of feed is accelerated. More and more farms choose to use bulk feed for feeding. In 2021, the total volume of bulk feed will be 90.287 million tons, with a year-on-year growth of 53.1%, accounting for 33.4% of the total output of formulated feed in China, an increase of 7.8 percentage points. The market share of bulk feed has been increasing and has gradually become the mainstream.
Due to the rapid rise in the price of raw materials such as corn, many feed formulas have changed significantly. According to the data, the consumption of corn in feed production enterprises across the country decreased by 24.7% over the previous year, and the proportion of corn in formulated feed decreased by 15.3 percentage points over the previous year. The consumption of wheat, rice, barley, sorghum and other grain raw grains and wheat bran, rice bran and other grain processing by-products increased rapidly. The consumption of soybean meal increased by 5.7% over the previous year, which was less than the growth rate of total industrial feed output. The proportion of soybean meal in formulated feed and concentrated feed decreased by 1.4 percentage points over the previous year. The consumption of rapeseed meal, cotton meal and other cakes increased by 17.9%.
And the total output of feed additives will also increase steadily in 2021. According to public data, the total output of feed additives in China was 14.775 million tons, an increase of 6.2% over the previous year. Among them, the output of single feed additive was 13.679 million tons, up 5.5%; The output of mixed feed additives was 1.096 million tons, up 16.2%. The output of amino acids and vitamins was 4.255 million tons and 1.773 million tons, up 15.1% and 10.5% respectively. The output of enzyme preparations and microbial preparations increased rapidly, increasing by 19.0% and 17.4% respectively.
Feature 5: Strong growth, gross output value and gross revenue of feed industry increased for two consecutive years
In recent two years, the growth rate of gross output value and gross operating income of China's feed industry seems to have taken advantage of the east wind. In 2020, China's resident meat consumption will maintain a steady growth, and the gross output value and operating income of the national feed industry will rebound strongly. In 2021, thanks to the rapid recovery of domestic pig production capacity, it will drive the strong development of the feed industry. Last year, the gross output value of the national feed industry was 1223.41 billion yuan, with a year-on-year growth of 29.3%; The total operating revenue was 1168.73 billion yuan, up 28.8% year on year.
Among them, the output value of feed products is 1096.4 billion yuan, that of feed additives is 115.49 billion yuan, and that of feed machinery products is 11.52 billion yuan.