New normal of warehousing and logistics market in Western China From Turning point
The following is the New normal of warehousing and logistics market in Western China From Turning point recommended by recordtrend.com. And this article belongs to the classification: logistics.
In the past five years, the prosperous supply and demand and the priority of de industrialization have been the mainstream trend of the warehousing and logistics market in Western China. However, 2021 will be a turning year. With the end of the supply tide, the balance of supply and demand will be reversed and the upward channel of rent will be opened. At the same time, during the 14th Five Year Plan period, China made an economic development deployment with urbanization and internal circulation as the core. Under the background of promoting the western development and forming a new pattern, China actively built a Chengdu Chongqing dual city economic circle. Chengdu and Chongqing then ushered in a new positioning and new start. In view of this, Chengdu Chongqing warehousing and logistics market will also usher in a magnificent new pattern and new opportunities.
CBRE CBRE Richard Ellis released the report “turning point: the new normal of warehousing and logistics market in Western China”, which analyzes and interprets the development turning trend of warehousing and logistics market in Western China represented by Chengdu and Chongqing, as well as the new development opportunities and market new normal under the new economic cycle, so as to provide strategic suggestions for relevant enterprises and investors:
2021, the turning year
The continuously improved infrastructure and solid consumption foundation in Chengdu and Chongqing have attracted many well-known developers at home and abroad to actively layout. By the end of 2021, the stock of high-standard warehouses in Chengdu and Chongqing is expected to reach 9.75 million square meters, accounting for 18% of the country, an increase of 7 percentage points over 2015. The centralized release of supply also creates a good opportunity for tenants to expand in Chengdu and Chongqing. In the past five years, the net absorption of Chengdu and Chongqing has been leading the country. By the end of 2021, it is expected to account for 26% of the country, a significant increase of 13 percentage points over 2015. However, the cyclical supply peak also makes the owners have to adopt the rent strategy of de prioritization in the short term, resulting in downward pressure on the rent of Chengdu Chongqing warehousing and logistics market. With the end of this round of supply peak in 2021, the turning point of the balance of market supply and demand is coming.
Data source: CBRE research department, December 2021
China’s fourth pole
During the 14th Five Year Plan period, the urbanization process, infrastructure construction, industrial upgrading or gathering and talent introduction of Chengdu and Chongqing will accelerate the development, which will significantly enhance the international influence and regional driving force of “China’s fourth pole”. In terms of opening to the outside world, with the rise of the new land and sea channel to the national strategy, the operation of Chengdu Tianfu International Airport and the formal entry into force of RCEP, Chengdu and Chongqing will develop from the western center to the international hub and become an inland opening highland. Therefore, during the “14th five year plan” period, the economic energy level, consumer market scale and hub capacity of Chengdu Chongqing region will continue to improve rapidly, providing a strong endogenous driving force for storage demand.
Data source: Chengdu municipal government, Chongqing municipal government, CBRE research department, December 2021
Consumption and manufacturing are the leading factors of storage demand in Chengdu and Chongqing
Looking back on the demand structure of Chengdu Chongqing warehousing and logistics market in the past three years, it is found that Chengdu is a consumer LED market, while in Chongqing, with the rapid development of e-commerce demand since 2020, the market is driven by two wheels of manufacturing and consumption.
Data source: CBRE research department, December 2021
come from: CBRE CB Richard Ellis
More reading: Jiazi Lightyear: 2021 Research Report on warehousing and logistics robot industry (with download) state post office: by the beginning of February 2021, China’s express business volume had exceeded 10 billion pieces. China Federation of logistics and procurement: China’s warehousing index was 54.1% in November 2021. State Post Office: 2021 “double 11” During this period, the National Express business volume reached 6.8 billion. The national post office: in 2020, the average daily service users of express enterprises were nearly 700 million. The national post office: from January to may 2021, the National Express business volume increased by 50.1% year-on-year. Alibaba: 1q22 revenue was 205.47 billion, which was less than the market expectation. JD: 4q20 financial report telephone conference record has been cleared. Many low-quality merchants have been cleared. Community group purchase is only an initial test. Changjiang Securities: 2021 East Logistics three questions and three answers (with download) toubao: Research Report on China’s smart logistics industry in 2020 (with download) JD: 4q20’s net income was 224.3 billion yuan, a year-on-year increase of 31.4%. In January 2021, the data inventory of four A-share express companies l.e.k.: UAVs are expected to occupy 30% of the express market in 2040. JD: 1q21 financial report teleconference record, consumers are more and more willing to buy FMCG in JD
If you want to get the full report, you can contact us by leaving us the comment. If you think the information here might be helpful to others, please actively share it. If you want others to see your attitude towards this report, please actively comment and discuss it. Please stay tuned to us, we will keep updating as much as possible to record future development trends.
RecordTrend.com is a website that focuses on future technologies, markets and user trends. We are responsible for collecting the latest research data, authority data, industry research and analysis reports. We are committed to becoming a data and report sharing platform for professionals and decision makers. We look forward to working with you to record the development trends of today’s economy, technology, industrial chain and business model.Welcome to follow, comment and bookmark us, and hope to share the future with you, and look forward to your success with our help.
