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Investment promotion report of China's logistics industry 2014-2015. Simplified version.

Type of monograph: Report

Summary

Growth in global cold chain market will remain at 8% in 2017 and China’s cold chain logistics lags behind. The global cold chain market has grown rapidly in recent years. In 2012, the market size reached USD 100 billion. Based on the infrastructure construction plans in different markets and market leader’s growth forecast around the globe, it is estimated by International Association of refrigerated Warehouses that the global cold chain industry will keep growing fast in market size in 2017 at a compound annual growth rate of 7.9%. Although Europe and America remain as the major cold chain markets, emerging markets will contribute more growth in the future as mature cold chain markets reach saturation. 68% of the growth in refrigerated warehouse capacity will come from China and India. China’s cold chain facility lags behind that of the developed countries. Compared to the mature cold chain markets in Europe and America, the absolute refrigerated warehouses capacity in China ranks the third in the world (only after USA and India) but per capital capacity (0.097 square meter/person in 2010) is less than that of the United States in 1949 (0.123) or Japan in 1965 (0.15). The gap in infrastructure indicates that the downstream demand for cold chain has been fully capitalized. The cold chain logistics has vast room to grow in terms of cold chain technology and management, as well as cold chain awareness.

Details

  • Original title: Investment promotion report of China's logistics industry 2014-2015. Simplified version.
  • Record ID : 30020140
  • Languages: English
  • Subject: Figures, economy
  • Publication: Deloitte Consulting - United states/United states
  • Publication date: 2015

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