The global pet care market is foretold to improve in the forthcoming years as matched to the preceding years and will showcase better sales in various market segments. It is estimated that the global pet care market will grow at a CAGR o…
BMI View: China's weight in the global agricultural sector is growing, as the country has an increasing
impact on international production balances and prices. China will maintain its appetite for key
commodities for the foreseeable future, with particular potential for production growth in sugar, dairy and
livestock. High demand growth, strong government support and the potential for investment and
consolidation in these industries will help them outperform in the coming years. However, the agribusiness
sector is experiencing challenging times, seen in the slowdown in meat and milk powder consumption in
? Soybean production growth to 2019/20: 0.9% to 12.3mn tonnes. In spite of the increase in production
in 2016/17, soybean production will remain low in China as the crop lack attractiveness for farmers.
Pork production growth to 2019/20: 13.0% to 62.1mn tonnes. Increased production continues to be
encouraged on the back of elevated local livestock prices. The increased availability of vaccinations and
the ongoing commercialisation of the industry are also likely to boost output.
Sugar consumption growth to 2020: 16.7% to 19.6mn tonnes. Consumption will be boosted by rising
income, which will support demand for products in key industries, such as the confectionery, dairy,
beverage, and food processing
BMI universe agribusiness market value: USD1,327mn in 2016 (up 2.9% compared with 2015,
growth forecast to average 4.3% annually between 2016 and 2020).
2016 real GDP growth: 6.3% (down from 6.9% in 2015, forecast to average 5.8% between 2016 and
2016 consumer price inflation: 1.8% y-o-y average (up from 1.5% in 2015, forecast to average
2.3% between 2016 and 2020).
2016 Central Bank policy rate: 4.10% eop (down from 4.35% eop in 2015; forecast to average 4.10%
eop between 2016 and 2020.