Analysis on the Current Situation of Cold Storage in China

Policies to Promote the Construction of Refrigeration Industry in China

Judging from the relevant policies of China's cold storage industry in the past two years, the focus of the policy is to increase the number of cold storage and improve the level of cold storage facilities. It is mentioned that the number of designated cold storage should be appropriately increased to support the construction of ventilation storage, mechanical cold storage, modified atmosphere storage, pre-cooling facilities and supporting facilities and equipment. From this point of view, there are many supporting policies for the construction of cold storage industry in China, and it is expected that the construction of cold storage industry will usher in further development.

The annual growth rate of the total amount of cold storage in China remains around 10%.

Cold storage is the hub and important node of cold chain logistics system. According to the statistical data of National Distribution Map of Cold Chain Logistics Enterprises (202 1), from 20 17 to 20021year, the capacity of cold storage in China increased from 36.09 million tons to 52.24 million tons, with a compound annual growth rate of 9.7%, maintaining a steady growth rate. With the guidance of cold chain infrastructure policy and the improvement of enterprise layout, the national base of storage capacity is relatively large, and the growth rate in recent three years is lower than 10% for the first time.

The national cold storage network is still accelerating its layout.

According to the incomplete statistics of Chain Warehouse Network and China IOT Cold Chain Committee, the capacity of cold storage under construction/production in 20021year reached about 1209600 tons, equivalent to 604800 square meters.

According to the incomplete statistics of Chain Home Storage Network and China IOT Cold Chain Committee, relatively mature logistics real estate and storage enterprises such as Yalong, Wan Wei Cold Chain, Meiku, Wanxin Cold Chain, Pulong International and Tian Huan Cold Chain are still accelerating the layout of the national cold chain network and starting to build/rebuild high-standard and multi-temperature warehouses nationwide. Under the background of the normalization of epidemic situation and the tightening of national regulatory policies, the demand for high-standard cold storage has surged, and the multi-temperature zone, intensive and enjoyable version 2.0 cold chain park and cold storage will become customers' first choice. Some cold storage projects under construction or put into operation in China in 2022 are as follows:

The Development Pain of China Refrigeration Industry

Considering the current situation of the development and construction of cold storage industry in China, although the construction of cold storage projects in China has been accelerated under the impetus of favorable factors such as policies, there are still some shortcomings, mainly reflected in the imbalance of infrastructure and the sequence of policies. Details are as follows:

-For more research and analysis of this industry, please refer to the Analysis Report on Market Foresight and Investment Strategic Planning of China Refrigeration Industry by Foresight Industry Research Institute.