Demand for High Specification Rigs and Increase in Deepwater Drilling Activities to Shape Market Potential for Middle East Oilfield and Drilling Services: Ken Research


The upstream companies operating in Middle East sought jackups rigs with more specifications so as to drill more efficiently and optimize the costs of operations.

Rigs with enhance technical capability and better safety standards were demanded by the operators so as to drill at more depth and in challenging environments. Deterioration in the production levels from the existing fields and quest to explore new sources led to demand of high specialization rigs in the market. Drilling rig manufacturers like Lamprell received various orders for building up of new high specification jackups. Reduced levels of production from the existing fields, day rates of the jackups and other factors contributed to build up an environment suitable for the drilling contractors to operate at good profit margins. Increased demand of rig specification jackups with the drilling capability of more than 350 feet of water is required. Saudi Aramco and other major NOCs of Middle East planned several deepwater drilling projects to keep up with the production levels of future and to keep up with the crude oil supply in case of disruptions in the market.

Middle East possesses a vast potential of offshore discoveries to be made of large hydrocarbon reserves. The production in Middle East from large onshore and shallow water reserves started to decline which led to enhance the offshore deepwater and ultra deepwater production defined by drilling at least 1,000 ft below the sea level. The global capital expenditure in deep water E&P activity was USD 41.6 billion in 2014 and after Asia, Middle East is expected to see the fastest growth in deep water exploration and production spending. Drilling and completion followed by the subsea equipments shall form the major part of the Deep Water E&P segment. With increased E&P spending in the deep water and ultra deep water, OFS providers as well as the drilling equipment providers are anticipated to face challenges in terms of designing, deploying and operating related faculties and platforms in safe and profitable manner. An urgent need of ultra deep water rigs and facilities will enhance the OFS and drilling services market. Various seismic bids are already under review in several countries in Middle East with large offshore potential. Several contracts have been awarded for deep water and ultra deepwater exploration in Middle East. The deepwater and ultra deep water market requires continues supply of better technology and infrastructure which provides a great opportunity for the OFS providers and drilling equipments providers to enhance their productivity.

According to an industry veteran, “The drilling services industry will be dominated by the drilling rigs especially the jackups followed by other drilling tools and products. The crude oil slump has definitely impacted the demand of the oil and gas drilling services. However the condition is likely to improve in the years to come as the price of the commodity shall be stabilized.”

The Research Analyst, at Ken Research recommends that the players operating into the drilling and oilfield services have to enhance their E&P expenditure.  Moreover, as per the scenario, most of the wells in the Middle East are drilled onshore. However, as the companies are projected to venture into the offshore markets, the offshore applications of these techniques are likely to witness an increase especially in the regions like UAE, Saudi Arabia and Oman where the onshore drilling market share is anticipated to deteriorate.

The report titled Middle East Oilfields and Drilling Services Market Outlook to 2019 provides detailed overview on the oilfield and drilling services market and will help oilfield service companies and drilling service providers which help in the extraction of oil through offshore and onshore drilling operations. Moreover, the report will be helpful for the government to assess the potential of Middle East region, energy and oil companies and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.

Related Reports:

Iraq Drilling And Oilfield Services Industry Outlook To 2018 – Rising Crude Oil Production And Oil Revenue To Spur Growth

Global Offshore Rig Construction Market Outlook To 2018 – Rising Energy Demand & Deepwater Drilling Activities To Intensify The Market

Global OCTG Market Outlook To 2018 – Rising Level Of Deepwater Exploration To Stimulate Market Growth

Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Trends & Development in China Cooking Oil Market – Market Report


China Cooking Oil Market Prospects to 2018 – Upgrading Agro-Economic System to Forerun Market presents a comprehensive analysis of the industry covering aspects including market size by volume sales, value and market segmentation by production, supply, consumption, retail sales of cooking oil. Additionally, market dynamics of soybean, rapeseed, peanut, cottonseed, sunflower seed, palm and coconut oil is covered extensively. The report also entails a detailed description on the recent trends and developments, imports &exports, persistent challenges in the market and the competitive scenario of major players in the industry along with their brand wise market shares.

ImageGlobally, China is the world’s largest consumer of oilseeds and cooking oil. China cooking oil market has been affected by surging demand, government legislations and regulations, predominant challenges pertaining to agricultural practices and consumption, transition to increasing urbanization, price trends and distribution network. The market has registered a CAGR of 5.1% during the period MY’2009-MY’2013 by rising supply of cooking oils from ~ thousand tons in MY’2009 to ~ thousand tons in MY’2013. Soybean oil accounted for ~% of the total production output followed by rapeseed and peanut oil with 24.8% and ~% of the total crushed oilseeds respectively. During the period MY’2010 to MY’2013 the overall consumer expenditure on cooking oil has swelled at a CAGR of ~%, thereby heaving to total revenues of USD ~billion during this period.

China is one of the world’s largest importers of oilseeds and cooking oil. The country imported ~ thousand tons of oilseeds while ~ thousand tons of cooking oil in MY’2013. The export of oilseeds in China was already at a very low level. Additionally the exports to other countries has dropped down at a plummeting CAGR of ~% during the period MY’2009-MY’2013. The government of China aspires to develop environmentally friendly market for sustainable palm oil. Moreover, to stimulate lagging production of major oilseeds such as soybean, the government executed a soybean oilseed production support program.

China cooking oil market is concentrated with only a few major players operating majority of the business space. Wilmar International is the leading company operating in China cooking oil market. China National Cereals, Oils and Foodstuffs Corporation (COFCO) and Shandong Luhua Group are other dominant companies which produce and distribute edible oils in China. The top 5 brands make up nearly ~% of the total sales in the year 2013. Jinlongyu brand is the most popular cooking oil brand which has accounted for approximately ~% of the total market share on the basis of retail sales in China in the year 2013. The flagship brand of Shandong Luhua Group is known for its premium quality has eventually captured ~% of the cooking oil market in China in 2013.

China cooking oil market is estimated to witness ~ thousand tons of consumption of cooking oil in MY’2018. The future of China cooking oil market is expected to be favorable on account of continuing government support to enhance production and decrease adulteration; anticipated use of better and adequate production tools, enhanced agronomic practices followed with substantial improvement in technology resources and input quality. The cooking oil market in China is augmented to grow at a minimal yet increasing CAGR of ~% during the forecast period MY’2013-MY’2018.

Key Topics Covered in the Report:

  • The market size of China cooking oil market in terms of volume production, supply, consumption and value in the last 4 years (MY’2009-MY’2013)
  • China cooking oil market segmentation by production, supply, consumption and retail sales of different types of cooking oils (MY’2009-MY’2013)
  • China cooking oil market segmentation by soybean, rapeseed, peanut, cottonseed, sunflower seed, palm and coconut oil market dynamics (MY’2009-MY’2013)
  • Trends and developments with details on enforced government legislations and comparison of different types of oil in cooking oil market in China
  • Pricing trends of soybean, rapeseed and palm oil in China (MY’2010-MY’2013)
  • China cooking oil market import & export scenario (MY’2009-MY’2013)
  • Challenges involved in cooking oil market
  • Market share of major players by brands in China cooking oil market (2013)
  • Competitive landscape and company profiles with global operations and financial performance of the major cooking oil companies operating in China cooking oil market (Wilmar International, COFCO, Shandong Luhua Group and others)
  • Future projections and macro economic factors of China cooking oil market.

 

Table of Contents

1.China Cooking Oil Market Introduction

China Across the Globe

1.1.Types of Cooking Oil used in China

1.2.China Cooking Oil Industry Value Chain in Context to Technological Processing

2.China Cooking Oil Market Size

2.1.By Volume, MY’2009-MY’2013

2.2.By Value, MY’2010-MY’2013

3.China Cooking Oil Market Segmentation

3.1.By Production, Supply, Consumption and Retail Sales of Different Types of Cooking Oils, MY’2009-MY’2013

3.1.1.By Production, MY’2009-MY’2013

3.1.2.By Total Supply, MY’2009-MY’2013

3.1.3.By Domestic Consumption, MY’2009-MY’2013

3.1.4.By Retail Sales Value of Major Cooking Oils, MY’2010-MY’2013

3.2.China Soybean Oil Market Dynamics

3.2.1.Market Supply & Consumption of Soybean Oil, MY’2009-MY’2013

3.3.China Rapeseed Oil Market Dynamics

3.3.1.Market Supply & Consumption of Rapeseed Oil, MY’2009-MY’2013

3.4.China Palm Oil Market Dynamics

3.4.1.Market Supply & Consumption of Palm Oil, MY’2009-MY’2013

3.5.China Peanut Oil Market Dynamics

3.5.1.Market Supply & Consumption, MY’2009-MY’2013

3.6.China Cottonseed Oil Market Dynamics

3.6.1.Market Supply & Consumption, MY’2009-MY’2013

3.7.China Sunflower Seed Oil Market Dynamics

3.7.1.Market Supply & Consumption of Sunflower Seed Oil, MY’2009-MY’2013

3.8.China Coconut Oil Market Dynamics

3.8.1.Market Supply & Consumption of Coconut Oil, MY’2009-MY’2013

4.Trends & Development in China Cooking Oil Market

4.1.Price Trends of China Cooking Oil Market, MY’2010-MY’2013

4.2.Legislations Enforced in China Cooking Oil Market

4.3.Comparison of Different Types of Oil by Fatty Acid Composition

From Inexpensive & Unhealthy to Standard Healthy Oil (such as Olive Oil)

5.China Cooking Oil Market Import & Export Scenario, MY’2009-MY’2013

6.Challenges Involved in Cooking Oil Market

Increasing Adulteration of Cooking Oil

Immediate Need for Sustainable Palm Oil

7.Market Share of the Major Brands in China Cooking Oil Market, 2013

8.Company Profiles of the Major Players in China Cooking Oil Market

8.1.Wilmar International

8.1.1.Company Overview

8.1.2.Operations & Cooking Oil Business in China

8.2.China National Cereals, Oils and Foodstuffs Corporation (COFCO)

8.2.1.Company Overview

8.2.2.Operations & Cooking Oil Business in China

8.3.Other Players in China Cooking Oil Market

9.China Cooking Oil Market Future Outlook & Projections, MY’2014- MY’2018

9.1.Cause and Effect Relationship in China Cooking Oil Market

10.Macro Economic Factors for the China Cooking Oil Market

10.1.Population in China, 2007-2018

10.2.Gross Domestic Product (GDP) in China, 2007-2018

10.3.Personal Disposable Income (PDI) Per Capita in China, 2007-2018

10.4.Vegetable Oil Consumption Per Capita in China, MY’2009-MY’2018

10.5.Harvested Area of Oilseeds in China, MY’2009- MY’2018

11.Appendix

11.1.Market Definitions

11.2.Abbreviations

11.3.Research Methodology

Data Collection Methods

Approach

Variables (Dependent and Independent)

Multi Factor Based Sensitivity Model

Final Conclusion

11.4.Disclaimer

 

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Contact Person-  Ankur Gupta

Contact Email Id-  ankur@kenresearch.com

China Cooking Oil Market Prospects to 2018 – Upgrading Agro-Economic System to Forerun Market


The government initiatives to maintain supply-demand, to transform agronomic practices, enhance technological processing and to curb adulteration coupled with change in consumers’ dietary pattern to drive China cooking oil market in the future

 

ImageThe market landscape of China cooking oil market had grown competitive in recent years due to the swift surge in demand. Additionally, China cooking oil market has been affected by government legislations and regulations, predominant challenges pertaining to agricultural practices and consumption, transition to increasing urbanization, price trends and distribution network. The market has registered a CAGR of 5.1% during the period MY’2009-MY’2013 by rising supply of cooking oils from ~ thousand tons in MY’2009 to ~ thousand tons in MY’2013.

Soybean, rapeseed and peanut cooking oils are the predominantly sold cooking oils. During the period MY’2010 to MY’2013 the overall consumer expenditure on cooking oil has swelled at a CAGR of ~%, thereby heaving to total revenues of USD ~billion during this period. China is one of the world’s largest importers of oilseeds and cooking oil. The country imported ~ thousand tons of oilseeds while ~ thousand tons of cooking oil in MY’2013.

The government of China aspires to develop environmentally friendly market for sustainable palm oil. Moreover, to stimulate lagging production of major oilseeds such as soybean, the government executed a soybean oilseed production support program. To curb adulterated consumption of cooking oil, government has initiated regulating the industry through its labeling system for packed cooking oils. The upcoming labeling laws are expected to favor existing large premium quality brands. Moreover, the consumers are turning more vigilant towards their health and readily overlooking the prices. This changing attitude is expected to alter dietary patterns of consumers towards healthier oils such as olive oil.

The leading cooking oil companies dominating the China cooking market include Wilmar International, China National Cereals, Oils and Foodstuffs Corporation (COFCO) and Shandong Luhua Group. The major cooking oil brands which were sold by these companies include Jinlongyu, Luhua and Fortune. It is anticipated that the organized segment of the China cooking oil market is likely to increase its share due to upcoming stringent quality norms laid by the government.

“The cooking oil market in China is poorly regulated with intrusion of low-cost and poor quality cooking oils. Hence, the government endeavors to regulate the industry through its labeling system for packed cooking oils. Additionally, better and adequate production tools, enhanced agronomic practices followed with substantial improvement in technology resources and input quality are likely to rephrase the existing China cooking oil market”-According to the Research Analyst, Ken Research.

The report titled “China Cooking Oil Market Prospects to 2018 – Upgrading Agro-Economic System to Forerun Market” provides detailed overview on cooking oil market in China and helps reader to identify the ongoing trends and developments in the cooking oil industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report will aid industry consultants, cooking oil producing companies, marketing companies and other stakeholders and consumers to align their market centric strategies according to ongoing and expected trends in future.

 

Browse report with TOC- http://www.kenresearch.com/agriculture-food-beverages/food-industry-research-reports/china-cooking-oil-market-research-report/526-104.html

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Contact Person-  Ankur Gupta

Contact Email Id-  ankur@kenresearch.com