Vietnam Animal feed Standard Report Q2/2016
In recent years, the Vietnam’s livestock industry has developed at notable pace. Since 1990, the industry grew stably with the average growth rate of 5.27% per year. Poultry raising industry witnessed the greatest growth rate for the last 15 years. The average annual growth rate rose rapidly from 3.5% during 1990-1995 to 6.7% from 1996-2000 and it was up to 9.1% per year recently.
Animal-feed are goods that cattle eat, and drink in raw form or processed form, including simple livestock ingredients or food, mixed food, condensed food, supplementary food, additives, premix, etc. In total 995 million tons of animal feed produced globally in 2015, Asia took up 1/3 of total production. China still occupies the leading position with 179.93 million tons from 8550 animal-feed factories of the country.
The animal-feed industry grew strongly and rapidly due to the positive incentive of renovation technology, the encouragement of foreign and domestic investments so businessmen has invested notably into the industry.
According to Vietnam Industry Research and Consultant (VIRAC), demand for feed in Vietnam was always 10%/ year. Vietnam consumes 15829.3 thousand tons of feed in 2014, compound growth rate from 2015-2022 is expected to be 6.4%, and market size will be 10.55 billion USD in 2022. Poultry feed consumption accounts for the largest (39.5%) in 2014, the compound growth is expected to be the highest of 6.6%, followed by feed for pigs with estimation of 8605.7 thousand tons in 2022, and the compound rate of 6.2%. Hence the potential of the industry is really high and that explains for the significant growth of the industry regarding quantity and types of livestock as well as physical capital.
For the past 15 years, there are many big companies in the world took part in feed and aquatic goods production such as FDI from Thailand (join-stock company), North Korea (Grobest, Uni President, Asia Nutrition), China (Thanglong, Tongwei, Hoa Chen, etc.), Korea (CJ Master), France (Tomboy, Proconco), America (Cargill). These companies are growing and dominating domestic market such as Vietnam CP company (20%), Cargill (8%), Pronconco (8%), etc regarding food for poultry, cattle. Regarding feed for shrimps, 3 FDI companies are Grobest, Uni President, CP take up more than 80% of market share with annual production of more than 600.000 tons. It is expected that the animal feed market in the country will grow by roughly 13 – 15%/year. In 2015, Vietnam needed about 18 – 20 mil tons of industrial animal feed and it is forecast that by 2020, this number can reach 25 – 26 mil tons. The market demand is still high, however domestic production can’t meet the demand
The in-depth research “Vietnam Animal feed Report Q2/2016” carried out by Vietnam Industry Research and Consultant (VIRAC) illustrates the overall scenario of the animal-feed industry in Vietnam in order to provide an insight for a better understanding regarding the market. The report details the economic situation in general and the industry in particular with updated date and statistic until 2016, the movement of the price as well as the forecast for the upcoming future, covering all domains, including cattle-feed, poultry-feed, aquatic anima feed, pet feed. Analysis of big players in the industry is also elaborated by providing detailed financial analysis, applied technology, market share, etc herein to help companies position and define the competiveness in the market. For example, some typical producers are CP Vietnam Livestock Corporation (CPV), Cargill Vietnam Limited, Dabaco Vietnam Joint Stock Company, Vietnamese – French Cattle Feed Joint Stock Company (Proconco), Vietnam UNI - PRESIDENT Company Limited, Grobest Industrial (Vietnam) Company Limited, Vietnam EMIVEST FEEDMILL Company Limited, Asia Nutrition Technologies Company Limited.
Animal-feed are goods that cattle eat, and drink in raw form or processed form, including simple livestock ingredients or food, mixed food, condensed food, supplementary food, additives, premix, etc. In total 995 million tons of animal feed produced globally in 2015, Asia took up 1/3 of total production. China still occupies the leading position with 179.93 million tons from 8550 animal-feed factories of the country.
The animal-feed industry grew strongly and rapidly due to the positive incentive of renovation technology, the encouragement of foreign and domestic investments so businessmen has invested notably into the industry.
According to Vietnam Industry Research and Consultant (VIRAC), demand for feed in Vietnam was always 10%/ year. Vietnam consumes 15829.3 thousand tons of feed in 2014, compound growth rate from 2015-2022 is expected to be 6.4%, and market size will be 10.55 billion USD in 2022. Poultry feed consumption accounts for the largest (39.5%) in 2014, the compound growth is expected to be the highest of 6.6%, followed by feed for pigs with estimation of 8605.7 thousand tons in 2022, and the compound rate of 6.2%. Hence the potential of the industry is really high and that explains for the significant growth of the industry regarding quantity and types of livestock as well as physical capital.
For the past 15 years, there are many big companies in the world took part in feed and aquatic goods production such as FDI from Thailand (join-stock company), North Korea (Grobest, Uni President, Asia Nutrition), China (Thanglong, Tongwei, Hoa Chen, etc.), Korea (CJ Master), France (Tomboy, Proconco), America (Cargill). These companies are growing and dominating domestic market such as Vietnam CP company (20%), Cargill (8%), Pronconco (8%), etc regarding food for poultry, cattle. Regarding feed for shrimps, 3 FDI companies are Grobest, Uni President, CP take up more than 80% of market share with annual production of more than 600.000 tons. It is expected that the animal feed market in the country will grow by roughly 13 – 15%/year. In 2015, Vietnam needed about 18 – 20 mil tons of industrial animal feed and it is forecast that by 2020, this number can reach 25 – 26 mil tons. The market demand is still high, however domestic production can’t meet the demand
The in-depth research “Vietnam Animal feed Report Q2/2016” carried out by Vietnam Industry Research and Consultant (VIRAC) illustrates the overall scenario of the animal-feed industry in Vietnam in order to provide an insight for a better understanding regarding the market. The report details the economic situation in general and the industry in particular with updated date and statistic until 2016, the movement of the price as well as the forecast for the upcoming future, covering all domains, including cattle-feed, poultry-feed, aquatic anima feed, pet feed. Analysis of big players in the industry is also elaborated by providing detailed financial analysis, applied technology, market share, etc herein to help companies position and define the competiveness in the market. For example, some typical producers are CP Vietnam Livestock Corporation (CPV), Cargill Vietnam Limited, Dabaco Vietnam Joint Stock Company, Vietnamese – French Cattle Feed Joint Stock Company (Proconco), Vietnam UNI - PRESIDENT Company Limited, Grobest Industrial (Vietnam) Company Limited, Vietnam EMIVEST FEEDMILL Company Limited, Asia Nutrition Technologies Company Limited.
Abbreviation
Executive Summary
I. Business environment
1. MACROECONOMIC SITUATION
Figure 1. GDP growth and Inflation
Figure 2. The contribution ratio of the livestock feed industry to GDP
Figure 3. Exchange rate of VND/USD
Figure 4. Average interest rate of loan
Figure 5. Foreign direct investment licensed
Figure 6. Structure foreign direct investment by industry
Figure 7. Area of some major crops
Figure 8. Structure of area by crops, 2015
Table 1. Countrywide livestock status 2010-2015
Figure 9. Livestock structure by number
Figure 10. Livestock structure by meal quantity
2. LEGAL FRAMEWORK
3. TRADE AGREEMENTS
II. Global market
1. DEFINITION AND CLASSIFICATION
2. PRODUCTON PROCEDURE
3. TECHNOLOGY
4. INPUT MATERIALS
Figure 11. Market share of feed additives, 2015
Figure 12. Fluctuations in raw material prices
Table 2. Supply-Demand corn forecast in 2016
Table 3. Supply-Demand wheat forecast in 2016
Table 4. Supply-Demand soybeanbean forecast in 2016
5. PRODUCTION
Figure 13. Global production quantity of animal feed
Figure 14. Feed production by species
Figure 15. Production quantity by animal
6. CONSUMPTION
Figure 16. Global consumption revenue of animal feed
Table 5. Average feed price of some livestock
Figure 17. Structure consumption by region
7. IMPORT – EXPORT
Figure 18. Global export turnover
Figure 19. Global export quantity
Figure 20. Market share of global animal feed by countries, 2015
8. ACTUAL PRODUCTION AND CONSUMPTION IN THE WORLD BY REGION
Table 6. Production in some region
Figure 21. Structure production by region
9. ACTUAL PRODUCTION IN SOME TYPICAL COUNTRIES
Table 7. Top 10 producing livestock feed in the world
Table 8. Top 10 countries with largest crusher, 2015
Table 9. Top 10 countries with the largest production by species 2015
10. KEY PLAYERS IN THE INDUSTRY
Table 10. Largest producer in animal feed industry
Figure 22. Largest producer by region
III. Vietnam market
1. HISTORY OF ESTABLISHMENT AND DEVELOPMENT
2. VALUE CHAIN OF THE INDUSTRY
3. INPUT MATERIALS
Figure 23. Production quantity of some major material feed
Figure 24. The composition of animal feed
Figure 25. Revenue of Vietnam’s additives market
Figure 26. Import quantity and value of corn
Figure 27. Import of wheat by season
Figure 28. Import quantity of soybeanbean meal
Figure 29. Top 10 largest importing companies
Figure 30. Fluctuation of livestock feed price
4. PRODUCTION
Figure 31. Number of business and labor
Figure 32. Structure of production, 2015
Figure 33. Number of business by region
Figure 34. Production quantity of livestock feed
Figure 35. Production capacity of feed companies since 2014
Figure 36. Revenue and profit of animal feed industry
Figure 37. Capital and fixed asset of animal feed industry
5. CONSUMPTION
Figure 38. Consumption value of animal feed
Figure 39. Consumption quantity of livestock feed
Figure 40. Revenue of feed companies in 2014
Figure 41. Market share of animal feed by producers, 2014
6. FEED PRICE
7. IMPORT – EXPORT
Figure 42. Outputs and import turnover of animal feed and materials
Figure 43. Market structure of imported animal feed and materials 2015
Figure 44. Imported animal feed structure by volume 2015
Figure 45. Export turnover of animal feed and materials
Figure 46. Market structure of exported animal feed and materials 2015
8. DISTRIBUTION SYSTEM
9. COMPETITIVE ANALYSIS
Table 11. Agent discount of some animal feed companies
10. INVENTORIES
Figure 47. Inventory value of animal feed
IV. Industrial risks
V. Industry’s development plan
1. LIVESTOCK SECTOR DEVELOPMENT PLAN
Table 12. Development plans of poultry and cattle sector until 2020
Figure 48. Aquaculture orientation until 2020
2. ANIMAL FEED SECTOR DEVELOPMENT PLAN
VI. Prospects and forecasts
1. DEVELOPMENT INCENTIVES
Figure 49. Poultry meat consumption per capita in some countries
2. FORECASTS
Figure 50. Market scale of animal feed by consumption
VII. Business analysis
1. BUSINESS INTRODUCTION
2. FINANCIAL ANALYSIS
Figure 51. Business situation of enterprises in the period 2014 – 2015
Figure 52. Net profit of enterprises in the period 2014 – 2015
Figure 53. Net profit margin of enterprises in the period 2014 – 2015
Figure 54. Accounts receivable turnover of enterprises 2015
Figure 55. Inventory turnover of enterprises 2015
Figure 56. Gross profit margin of enterprises 2015
Figure 57. Asset utilization rate of enterprises 2015
Figure 58. Repayment capacity of enterprises 2015
Figure 59. Solvency of enterprises 2015
Figure 60. ROA and ROE of enterprises 2014-2015
VIII. Appendix
Executive Summary
I. Business environment
1. MACROECONOMIC SITUATION
Figure 1. GDP growth and Inflation
Figure 2. The contribution ratio of the livestock feed industry to GDP
Figure 3. Exchange rate of VND/USD
Figure 4. Average interest rate of loan
Figure 5. Foreign direct investment licensed
Figure 6. Structure foreign direct investment by industry
Figure 7. Area of some major crops
Figure 8. Structure of area by crops, 2015
Table 1. Countrywide livestock status 2010-2015
Figure 9. Livestock structure by number
Figure 10. Livestock structure by meal quantity
2. LEGAL FRAMEWORK
3. TRADE AGREEMENTS
II. Global market
1. DEFINITION AND CLASSIFICATION
2. PRODUCTON PROCEDURE
3. TECHNOLOGY
4. INPUT MATERIALS
Figure 11. Market share of feed additives, 2015
Figure 12. Fluctuations in raw material prices
Table 2. Supply-Demand corn forecast in 2016
Table 3. Supply-Demand wheat forecast in 2016
Table 4. Supply-Demand soybeanbean forecast in 2016
5. PRODUCTION
Figure 13. Global production quantity of animal feed
Figure 14. Feed production by species
Figure 15. Production quantity by animal
6. CONSUMPTION
Figure 16. Global consumption revenue of animal feed
Table 5. Average feed price of some livestock
Figure 17. Structure consumption by region
7. IMPORT – EXPORT
Figure 18. Global export turnover
Figure 19. Global export quantity
Figure 20. Market share of global animal feed by countries, 2015
8. ACTUAL PRODUCTION AND CONSUMPTION IN THE WORLD BY REGION
Table 6. Production in some region
Figure 21. Structure production by region
9. ACTUAL PRODUCTION IN SOME TYPICAL COUNTRIES
Table 7. Top 10 producing livestock feed in the world
Table 8. Top 10 countries with largest crusher, 2015
Table 9. Top 10 countries with the largest production by species 2015
10. KEY PLAYERS IN THE INDUSTRY
Table 10. Largest producer in animal feed industry
Figure 22. Largest producer by region
III. Vietnam market
1. HISTORY OF ESTABLISHMENT AND DEVELOPMENT
2. VALUE CHAIN OF THE INDUSTRY
3. INPUT MATERIALS
Figure 23. Production quantity of some major material feed
Figure 24. The composition of animal feed
Figure 25. Revenue of Vietnam’s additives market
Figure 26. Import quantity and value of corn
Figure 27. Import of wheat by season
Figure 28. Import quantity of soybeanbean meal
Figure 29. Top 10 largest importing companies
Figure 30. Fluctuation of livestock feed price
4. PRODUCTION
Figure 31. Number of business and labor
Figure 32. Structure of production, 2015
Figure 33. Number of business by region
Figure 34. Production quantity of livestock feed
Figure 35. Production capacity of feed companies since 2014
Figure 36. Revenue and profit of animal feed industry
Figure 37. Capital and fixed asset of animal feed industry
5. CONSUMPTION
Figure 38. Consumption value of animal feed
Figure 39. Consumption quantity of livestock feed
Figure 40. Revenue of feed companies in 2014
Figure 41. Market share of animal feed by producers, 2014
6. FEED PRICE
7. IMPORT – EXPORT
Figure 42. Outputs and import turnover of animal feed and materials
Figure 43. Market structure of imported animal feed and materials 2015
Figure 44. Imported animal feed structure by volume 2015
Figure 45. Export turnover of animal feed and materials
Figure 46. Market structure of exported animal feed and materials 2015
8. DISTRIBUTION SYSTEM
9. COMPETITIVE ANALYSIS
Table 11. Agent discount of some animal feed companies
10. INVENTORIES
Figure 47. Inventory value of animal feed
IV. Industrial risks
V. Industry’s development plan
1. LIVESTOCK SECTOR DEVELOPMENT PLAN
Table 12. Development plans of poultry and cattle sector until 2020
Figure 48. Aquaculture orientation until 2020
2. ANIMAL FEED SECTOR DEVELOPMENT PLAN
VI. Prospects and forecasts
1. DEVELOPMENT INCENTIVES
Figure 49. Poultry meat consumption per capita in some countries
2. FORECASTS
Figure 50. Market scale of animal feed by consumption
VII. Business analysis
1. BUSINESS INTRODUCTION
2. FINANCIAL ANALYSIS
Figure 51. Business situation of enterprises in the period 2014 – 2015
Figure 52. Net profit of enterprises in the period 2014 – 2015
Figure 53. Net profit margin of enterprises in the period 2014 – 2015
Figure 54. Accounts receivable turnover of enterprises 2015
Figure 55. Inventory turnover of enterprises 2015
Figure 56. Gross profit margin of enterprises 2015
Figure 57. Asset utilization rate of enterprises 2015
Figure 58. Repayment capacity of enterprises 2015
Figure 59. Solvency of enterprises 2015
Figure 60. ROA and ROE of enterprises 2014-2015
VIII. Appendix
