2013 may prove to
have been a pivotal year for the amino acid industry, according to a new
report from CCM, China's leading
market research firm.
Up till now, the
industry has continued to be centered in its traditional heartland of Europe
and North America, but CCM believes that we may look back on 2013 as the year
that the industry shifted decisively towards Asia, and especially China. Here
are three reasons why last year could come to represent a key turning point:
1.
The
EU's rejection of ADM's lysine hydrochloride tariff and quota proposal –
The European Commission's decision not to impose a quota and tariff on imports
of lysine hydrochloride could prove to be a watershed moment. The tariff would
have been extremely harmful to Chinese producers as well as the European
companies dependent on Asian lysine imports, and Europe's rejection of the
proposal is a signal that it will not attempt to halt the relocation of
production to Asia.
2.
Adisseo's
Nanjing methionine plant begins operations –
In December 2013, production began at Adisseo's new plant in Nanjing, China,
with capacity to produce 70,000 tonnes of liquid methionine annually, and other
methionine plants are due to open across Asia in 2014, including CJ Cheiljedong
and Arkema's Malaysia-based plant and Yingchuang's large facility in Singapore.
However,
the opening of Adisseo's plant feels particularly symbolic – a French company
recently bought out by a Chinese conglomerate, now investing heavily in
producing methionine for the Chinese market. Demand for both lysine and methionine
in China is growing rapidly every year as millions more Chinese escape poverty
and develop a taste for meat and dairy products, and in 2013 China became the
world's largest consumer of lysine, overtaking Europe. With China's urban
population expected to increase from just over 50% to 70% by 2035, this trend
will only continue, and we will likely see many more Western companies opening
facilities in China over the next decade.
3.
China's
amino acids industry becomes more sustainable – In 2013, the Chinese
government announced several policies to regulate the environmental impact of
the industry, including the 'Monosodium Glutamate Industrial Emission Standard'
and the 'National Twelfth Five-Year Plan on the Fermentation Industry.' This is
a sign that the government is determined to ensure that the industry remains
sustainable and will be key to the long-term development of the amino acid industry
in China.
The above points
are taken from Amino Acid Industry Trend in
China 2014, a report
produced by CCM on the state of the Chinese amino acid industry. The report
presents a comprehensive overview of the amino acid industry in China,
including detailed analyses of:
·
Supply and demand
in China;
·
The status and
structure of production in China;
·
The import and
export situation;
·
The operations of
the major domestic Chinese enterprises;
·
A breakdown of
the industry by amino acid type
For more
information about CCM and the Amino Acid Industry Trend in
China 2014 report, please
visit www.cnchemicals.com
or contact +86-20-37616606.
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