ShareMore refrigerated trucks on the road in China
It is estimated that USD 31.7 billion will be invested in setting up cold chain logistic in China in the near future
According to a 2012 cold chain logistics market report, the domestic cold chain equipment market is currently estimated at USD 23.8 billion and is estimated to grow to USD 55.5 billion by 2015.
China’s cold chain is often considered as insufficient. According to JARN, annual losses of perishable produce in China reach USD 15.9 billion.
Even though not all the losses can be blamed on deficient cold chain logistics, this the highest national food losses figure in the world.
According to the National Development and Reform Commission, by June 2010, there were 1910 refrigerated trains and 20 000 mechanically refrigerated trucks in China, with an annual capacity equivalent to 1 million standard containers.
A national ‘cold chain logistics plan for agricultural produce’ proposed to add 40 000 refrigerated trucks to the current figure, which would triple it to 60 000 units by 2015, representing a compound annual growth of 20.1%.
According to these plans it is estimated that USD 31.7 billion will be invested in setting up cold chain logistic in China in the near future.
Due to better living standards, Chinese food consumption is drastically changing, and demand for fresh produce is on the rise and the food commodity market of China has been growing steadily over the last decade.
In 2011, annual per capita spending on perishable food in China’s urban areas reached USD 765, 16% higher than that of 2010.
JARN, December 2012.
China’s cold chain is often considered as insufficient. According to JARN, annual losses of perishable produce in China reach USD 15.9 billion.
Even though not all the losses can be blamed on deficient cold chain logistics, this the highest national food losses figure in the world.
According to the National Development and Reform Commission, by June 2010, there were 1910 refrigerated trains and 20 000 mechanically refrigerated trucks in China, with an annual capacity equivalent to 1 million standard containers.
A national ‘cold chain logistics plan for agricultural produce’ proposed to add 40 000 refrigerated trucks to the current figure, which would triple it to 60 000 units by 2015, representing a compound annual growth of 20.1%.
According to these plans it is estimated that USD 31.7 billion will be invested in setting up cold chain logistic in China in the near future.
Due to better living standards, Chinese food consumption is drastically changing, and demand for fresh produce is on the rise and the food commodity market of China has been growing steadily over the last decade.
In 2011, annual per capita spending on perishable food in China’s urban areas reached USD 765, 16% higher than that of 2010.
JARN, December 2012.