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China’s cold chain logistics sector flourishes in 2024t

January 21, 2025 3 min read
author Anamika Mishra [Sub Editor]
China cold chain logistics sector experienced significant growth in 2024, driven by a rising demand for transport vehicles and increased activity in air and rail transport. Market insiders attribute this growth to the nation’s expanding consumption vitality. According to the Cold Chain Logistics of China Federation of Logistics & Purchasing, China’s demand for cold chain logistics reached 365 million tons in 2024, marking a year-on-year increase of 4.3 percent. Sales of new energy refrigerated vehicles surged to 21,368 units, representing a remarkable 350.8 percent increase compared to the previous year. This growth has greatly benefited refrigerated vehicle dealers. A representative from Beijing Xinyuancheng New Energy Vehicle Technology Co noted that his company's sales of new energy refrigerated vehicles saw an approximate 25 percent year-on-year increase in 2024. Wang Xin, a representative from Hongyu Special Vehicle in Suizhou, Hubei Province, stated that the company's sales of refrigerated vehicles were strong in 2024. This success is closely linked to the increased demand for cold chain logistics for fresh foods and supportive policies that encourage the replacement of old transport vehicles. "Cold chain logistics removes the barriers of time and distance, facilitating the distribution of fresh products both domestically and internationally. Additionally, the gradual resurgence of consumer spending will create significant growth potential," said Zhang Yi, CEO of the iiMedia Research Institute, in an interview with the Global Times on Monday. In the railway sector, China Railway Special Cargo Logistics Co (CRSCL) reported a substantial increase in cold chain cargo volume in 2024. The cargo of thermal insulation goods saw a rise of over 30 percent year-on-year, according to the company's statement to the Global Times on Monday. CRSCL has implemented advanced equipment and established new international intermodal routes for importing fresh food, linking Chinese inland

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