China Aquaculture Industry Report, 2011-2012

China’s output of acqutic products in 2011 amounted to 56.1 million tons, a YoY rise of 4.4%; at the same time, the disparity between seawater and freshwater products in production ratio was narrowing year by year, accounting for 51.9% and 48.1% repespectively in 2011.

Following the increased demand of overseas market, the export volume of China’s aquatic products also rose to 3.912 million tons in 2011, accompanied by export value of US$17.79 billion, and presenting a year-on-year rise of 17.1% and 28.7%, respectively. Brand-name, high-quality bred aquatic products like prawn, shellfish, tilapia, eel, large yellow croaker, crayfish, etc. are still the main export varieties, with total export value in 2011 sharing 49.74% of the total export of aquatic products over the corresponding period. Shandong, Fujian and other coastal provinces serve as major exporting provinces for China’s aquatic products, in 2011 export volume of Shandong and Fujian accounted for 48.8% of the total. Japan, the United States, Europe and South Korea are still deemed as the most important export destinations of China’s aquatic products, to which the aquatic exports made up 86.3% of China’s total export of aquatic products in 2011.

China aquatic product processing industry, driven by the expanding aquaculture scale as well as the growing demand from downstream sectors, has witnessed substantial growth, with operating revenue climbing 25.95% YoY to RMB360.1 billion in 2011. Influenced by consumers’ eating habits, frozen aquatic product market size has been expanding. In 2011, the frozen aquatic processing industry achieved the revenue of RMB275.9 billion, holding 76.6% of the entire aquatic product processing industry. As costs of frozen storage, transportation, procurement, etc. climb quickly, during 2006-2012, the gross margin of frozen aquatic processing industry has been at a low level between 11%-15%.

China Aquaculture Industry Report, 2011-2012 not only focuses on the operating environment, market supply & demand, market segments, import-export trade, etc. of Chinese aquaculture industry, but also conducts a detailed analysis on aquatic products’ price trends, key breeding areas, and 13 aquaculture companies.

Dalian Yiqiao Marine Seeds Co., Ltd, a leader in marine seedling cultivation in China, is primarily involved in the cultivation and marketing of sea cucumber and shrimp spat, with 2011 consolidated gross margin as high as 64.13%, towering over levels of other counterparts. It has a total of 143,000 cubic meters of rearing water bodies, including an addition of 57,000 cubic meters in 2011. The Company has its market mainly in Liaoning province, from which its revenue in 2011 swept 96.6% of the company’s total revenue, but featuring a high risk for single regional management.

Homey Group and Zhangzidao Fishery Group, which are specialized in aquaculture, also enjoy relatively high consolidated gross margins, up to 22.7% and 34.1% separately in 2011. Development strategy of Homey Group is still focused on the development of sea cucumber breeding business, with catches up to 2,282.7 tons in 2011, a YoY rise of 68.59%, and sea cucumber product revenue reaching RMB420 million, sharing 48.1% of operating revenue over the same period. Moreover, in 2011, Homey also invested RMB1.09 billion to extend sea cucumber industry chain, i.e., the new 76,000-square-meter sea cucumber seedling workshop for realizing self-sufficiency in offspring seed, the new 9,800-mu (1 mu = 1/15 hectare) sea cucumber farming project to raise production, as well as the 10,000-mu artificial reef project exploitation for carrying out sea cucumber sowing breeding at deep-sea bottom.

In 2011, Zhangzidao Fishery Group achieved operating revenue of RMB2.94 billion, of which the aquaculture business occupied 44.9%, with gross margin of 57.89%. In order to further improve its competitiveness, the company is now working towards the integration of breeding, transportation and processing. In the same year, it lavished RMB1 billion for the construction of sea cucumber & abalone breeding base in South Korea; RMB170 million for building 9.7 kt/a Yongxiang Shellfish Processing Center; RMB88.75 million for launching the frozen logistics project with Japan’s Chuo Gyorui and Hohsui.

There are relatively low gross margins for feed, fishing and processing enterprises, e.g., the consolidated gross margin of Guangdong Haid Group, dedicated to the aquaculture feed, was merely 9.6% in 2011. However, the capacity of Guangdong Haid Group ever grows thanks to the brisk downstream demand; in 2011, Haid acquired an 80% stake in Vietnam Pan Asia, since then into the Vietnamese aquaculture feed market.

Table Of contents

1. Overview of Aquaculture Industry
1.1 Basic Concepts
1.2 Product Types
1.2.1 Regular Aquatic Products
1.2.2 Famous Products
1.2.3 Superior Products for Export

2. Operation Environment of China Aquaculture Industry, 2011
2.1 Industry Policy
2.1.1 Regulation on Quality Safety Management of Aquaculture
2.1.2 Organic Certification Standard
2.2 Ecological Environment

3. Development of China Aquaculture Industry, 2011
3.1 Market Development
3.2 Supply & Demand
3.3 Aquatic Products Processing
3.4 Price
3.4.1 Price Trend
3.4.2 Price of Key Product
3.4.3 Influencing Factors

4. Market Segments of Aquatic Products, 2011
4.1 Regular Fish Market
4.2 Shrimp & Crab Market
4.3 Terrapin Market
4.4 Shellfish Market
4.5 Rare Seafood Seed

5. Import & Export of Chinese Aquatic products, 2011
5.1 Trade Method
5.1.1 General Trade
5.1.2 Processing Trade
5.2 Overseas Market
5.3 Export Province
5.4 Import Origin Country

6. Aquaculture Regions in China
6.1 Fujian
6.1.1 Output
6.1.2 Import & Export
6.2 Shandong
6.2.1 Output
6.2.2 Import & Export
6.3 Jiangsu
6.3.1 Output
6.3.2 Import & Export
6.4 Liaoning
6.4.1 Output
6.4.2 Import & Export
6.5 Guangdong
6.5.1 Output
6.5.2 Import & Export
6.6 Zhejiang
6.6.1 Output
6.6.2 Import & Export

7. Key Enterprises
7.1 Dalian Yiqiao Marine Seeds Co., Ltd
7.1.1 Profile
7.1.2 Operation
7.1.3 Operation Structure
7.1.4 Gross Margin
7.1.5 Client and Supplier
7.1.6 Advantages & Development Strategy
7.2 Zhanjiang Guolian Aquatic Products Co., Ltd
7.2.1 Profile
7.2.2 Operation
7.2.3 Operation Structure
7.2.4 Client and Supplier
7.2.5 Advantages & Development Strategy
7.3 Guangdong Haid Group Co., Ltd.
7.3.1 Profile
7.3.2 Operation
7.3.3 Operation Structure
7.3.4 Gross Margin
7.3.5 Client and Supplier
7.3.6 Capacity Expand
7.4 HOMEY Group International
7.4.1 Profile
7.4.2 Operation
7.4.3 Operation Structure
7.4.4 Client and Supplier
7.4.5 R&D
7.4.6 Raising Fund and Investment Project
7.4.7 Development Strategy
7.5 Dahu Aquaculture Company Limited
7.5.1 Profile
7.5.2 Operation
7.5.3 Operation Structure
7.5.4 Client and Supplier
7.5.5 Purchase
7.6 Shandong Oriental Ocean
7.6.1 Profile
7.6.2 Operation
7.6.3 Operation Structure
7.6.4 Client and Supplier
7.6.5 Development Strategy
7.7 Zhangzidao Fishery Group
7.7.1 Profile
7.7.2 Operation
7.7.3 Operation Structure
7.7.4 Gross Margin
7.7.5 Client and Supplier
7.7.6 Capacity Expand and Investment
7.8 Shanghai Kaichuang Marine International Co., LTD
7.8.1 Profile
7.8.2 Operation
7.8.3 Operation Structure
7.8.4 Gross Margin
7.8.5 Clients and Suppliers
7.8.6 Development Strategy
7.9 Cnfc Overseas Fishery Co.,ltd
7.9.1 Profile
7.9.2 Operation
7.9.3 Operation Structure
7.9.4 Gross Margin
7.9.5 Client and Supplier
7.9.6 Development Strategy
7.10 Zhejiang Shanxiahu Pearl Group Co., Ltd.
7.10.1 Profile
7.10.2 Operation
7.10.3 Operation Structure
7.10.4 Gross Margin
7.10.5 Client and Supplier
7.10.6 Development Strategy
7.11 Guangzhou LUXE Seafood ENT.LTD
7.11.1 Profile
7.11.2 Operation
7.11.3 Development Strategy
7.12 Xunshan Group
7.12.1 Profile
7.12.2 Development Strategy
7.13 Dalian RainLion Group
7.13.1 Profile
7.13.2 Development Strategy

List Of Charts

China’s Five Major Supporting Policies on Aquaculture Industry and the Influence
Established Sea Properties in China by Region, 2011
Percentage of Established Sea Properties by Utilization Type in China, 2011
Output and YoY Growth of China Aquatic Products, 2005-2011
Output of China Seawater Products and Freshwater Products, 2005-2011
Per Capita Consumption Expenditure and Its Growth of Aquatic Products and Food of Chinese Residents in Urban Regions, 2005-2010
Number of Aquatic Product Processing Enterprises in China, 2006-Feb. 2012
Number of Enterprises in Aquatic Product Processing Sub-industries of China, 2006-Feb.2012
Operating Revenue and Total Profit of China Aquatic Product Processing Industry, 2006- Feb. 2012
Gross Margin of China Aquatic Product Processing by Sub-industry, 2006- Feb. 2012
Operating Revenue and Total Profit of China Aquatic Product Processing by Sub-industry, 2006- Feb. 2012
Average Price of Seawater Aquatic Product in China, 2010-2011
Average Price of Freshwater Aquatic Product in China, 2010-2011
Average Price of Coiliaspp Product in China, 2010-2011
Average Price of Penaeus Vannmei Product in China, 2010-2011
Average Price of Abalone Product in China, 2010-2011
Average Price of Scallop Product in China, 2010-2011
Average Price of Grass Carp Product in China, 2010-2011
Average Price of Tilapia Mossambica Product in China, 2010-2011
Average Price of Tilapia Unagi Product in China, 2010-2011
Average Price of Macrobrachium Rosenbergii Product in China, 2010-2011
Output of Saltwater Fish and freshwater Fish of China, 2006-2010
Output of Saltwater Shrimp & Crab and Freshwater Shrimp & Crab of China, 2006-2010
Price of Big Testudinate and Seed in China, 2011
Output of Saltwater and Freshwater Shellfish in China, 2006-2010
Rare Seafood Breeding Enterprises in China
Export Volume and Value of Aquatic Product of General Trade in China, 2011
Export Volume and Value of Aquatic Product of Material Processing Trade in China, 2011
Export Volume and Value of Aquatic Product of China by Import Country, 2011
Export Volume and Value of Key Aquatic Product Export Provinces of China, 2011
Import Volume and Value of Aquaculture Products by Origin Country in China, 2011
Output of Aquatic Product of Key Region of China, 2010
Output of Saltwater and Freshwater Aquaculture Products in Fujian, 2004-2010
Output of Saltwater and Freshwater Aquaculture Products in Shandong, 2004-2011
Output of Saltwater and Freshwater Aquaculture Products in Jiangsu, 2004-2011
Output of Saltwater and Freshwater Aquaculture Products in Liaoning, 2004-2010
Output of Saltwater and Freshwater Aquatic Products in Guangdong, 2004-2010
Output of Saltwater and Freshwater Aquaculture Products in Zhejiang, 2004-2010
Zhejiang Aquaculture Product Export Market Structure, 2011
Operating Revenue and Total Profit of Yiqiao Marine Seeds, 2008-2011
Revenue Share of Yiqiao Marine Seeds by Product, 2007-2011
Operating Revenue, Gross Margin and Y-o-Y Growth of Yiqiao Marine Seeds by Sector, 2011
Operating Revenue, Gross Margin and Y-o-Y Growth of Yiqiao Marine Seeds by Product, 2011
Revenue Share of Yiqiao Marine Seeds by Region, 2007-2011
Gross Margin of Yiqiao Marine Seeds, 2009-2011
Revenue Proportion of Top 5 Client of Yiqiao Marine Seeds, 2007-2011
Total Revenue Proportion of Top 5 and Top 1 Client of Yiqiao Marine Seeds, 2007-2011
Purchase Amount Proportion of Top 5 and Top 1 Supplier of Yiqiao Marine Seeds, 2007-2011
Vertical Integrated Industry Chain of Zhanjiang Guolian Aquatic Products Co., Ltd
Operating Revenue and Total Profit of Guolian Aquatic, 2007-2011
Revenue Share of Guolian Aquatic by Product, 2007-2011
Revenue, Cost and Gross Margin of Guolian Aquatic by Product, 2011
Revenue Share of Guolian Aquatic by Region, 2007-2011
Revenue and Proportion of Top 5 Client of Guolian Aquatic, 2007-2011
Purchase Amount and Proportion of Top 5 Supplier of Guolian Aquatic, 2007-2011
Production Edge of Guolian Aquatic Products
Product Varieties and Applications of Guangdong Haid Group
Operating Revenue and Total Profit of Haide Group, 2008-2011
Sales and Proportion of Aquatic Product Feed of Haid Group, 2007-2011
Revenue Share of Haid Group by Region, 2o08-2011
Operating Revenue and Y-O-Y Growth of Haid Group by Region, 2011
Gross Margin of Haid Group, 2009-2011
Gross Margin of Haid Group by Product, 2008-2011
Share of Top 5 Client and Top 5 Supplier of Haid Group by Revenue and Purchase Amount, 2008-2011
Revenue and Proportion of Top 5 Client of Haid Group, 2011
Sea Area Resources of HOMEY Group International
Business Pattern of HOMEY Group International
Operating Revenue and Net Income of HOMEY Group International, 2008-2011
Revenue Share of HOMEY Group by Main Product, 2009-2011
Gross Margin of HOMEY Group by Product, 2009-2011
Revenue Share of HOMEY Group by Region, 2009-2011
Revenue and Proportion of Top 5 Client of HOMEY Group, 2011
Total Revenue and Proportion of Top 5 Client of HOMEY Group, 2008-2011
Total Revenue and Proportion of Top 5 Supplier of HOMEY Group, 2008-2011
Operating Revenue and Total Profit of Dahu Aquaculture, 2008-2011
Revenue Share of Dahu Aquaculture by Product, 2009-2011
Revenue Share of Dahu Aquaculture by Region, 2009-2011
Gross Margin of Dahu Aquaculture by Product, 2009-2011
Total Revenue and Proportion of Top 5 Clients of Dahu Aquaculture, 2009-2011
Operating Revenue and Proportion of Top 5 Client of Dahu Aquaculture, 2011
Waters Area and Yield per Mu of Shandong Oriental Ocean Sci-Tech
Operating Revenue and Total Profit of Shandong Oriental Ocean Sci-Tech, 2008-2011
Revenue Share of Shandong Oriental Ocean Sci-Tech by Product, 2009-2011
Operating revenue, Gross Margin and Y-o-Y Growth of Shandong Oriental Ocean Sci-Tech by Sector, 2011
Operating revenue, Gross Margin and Y-o-Y Growth of Shandong Oriental Ocean Sci-Tech by Main Product , 2011
Gross Margin of Shandong Oriental Ocean Sci-Tech by Product, 2009-2011
Revenue Share of Shandong Oriental Ocean Sci-Tech by Region, 2009-2011
Revenue and Proportion of Top 5 Supplier of Shandong Oriental Ocean Sci-Tech by Region, 2011
Total Revenue and Proportion of Top 5 Supplier of Shandong Oriental Ocean Sci-Tech, 2008-2011
Revenue and Proportion of Top 5 Client of Shandong Oriental Ocean Sci-Tech by Region, 2011
Total Revenue and Proportion of Top 5 Client of Shandong Oriental Ocean Sci-Tech, 2008-2011
Operating Revenue and Total Profit of Zhangzidao Fishery Group, 2008-2011
Operating Revenue Proportion of Zhangzidao Fishery Group by Product, 2009-2011
Operating Revenue, Gross Margin and Y-o-Y Growth of Zhangzidao Fishery Group by Product, 2011
Operating Revenue, Gross Margin and Y-o-Y Growth of Zhangzidao Fishery Group by Industry, 2011
Operating Revenue of Zhangzidao Fishery Group by Region, 2008-2011
Gross Margin of Zhangzidao Fishery Group, 2006-2011
Gross Margin of Zhangzidao Fishery Group by Product, 2009-2011
Revenue and Proportion of Top 5 Client of Zhangzidao Fishery Group, 2011
Total Revenue and Proportion of Top 5 Client of Zhangzidao Fishery Group, 2009-2011
Sales and Net Income of the Shellfish Processing Plant of Zhangzidao Fishery Group
Operating Revenue and Net Profit of Kaichuang Marine, 2008-2012Q1
Revenue Share of Kaichuang Marine by Product, 2008-2011
Revenue Share of Kaichuang Marine by Region, 2008-2011
Gross Margin of Kaichuang Marine, 2007-2011
Gross Margin of Kaichuang Marine by Product, 2009-2011
Revenue and Proportion of Top 5 Client of Kaichuang Marine, 2009-2011
Purchase Amount and Proportion of Top 5 Suppliers of Kaichuang Marine, 2009-2011
Operating Revenue and Net Profit of Cnfc Overseas Fishery, 2008-2012Q1
Revenue Share of Cnfc Overseas Fishery by Sector, 2009-2011
Revenue Share of Cnfc Overseas Fishery by Region, 2009-2011
Gross Margin of Cnfc Overseas Fishery, 2007-2011
Gross Margin of Cnfc Overseas Fishery by Product, 2007-2011
Revenue and Proportion of Top 5 Client of Cnfc Overseas Fishery, 2009-2011
Purchase Amount and Proportion of Top 5 Suppliers of Cnfc Overseas Fishery, 2009-2011
Operating Revenue and Net Profit of Shanxiahu Pearl, 2008-2012Q1
Revenue Share of Shanxiahu Pearl by Product, 2009-2011
Revenue Share of Shanxiahu Pearl by Region, 2009-2011
Gross Margin of Shanxiahu Pearl, 2007-2011
Gross Margin of Shanxiahu Pearl by Product, 2009-2011
Revenue and Proportion of Top 5 Client of Shanxiahu Pearl, 2011
Revenue and Proportion of Top 5 Client of Shanxiahu Pearl, 2009-2011
Purchase Amount and Proportion of Top 5 Suppliers of Shanxiahu Pearl, 2009-2011
Five Largest Industry Bases of Dalian RainLion Group