Chinese Dairy Imports Update – Dec ’19
Executive Summary Chinese dairy import figures provided by IHS Markit were recently updated with values spanning through Nov ‘19. Highlights from the updated report include:
- Nov ’19 Chinese dairy import volumes increased on a YOY basis for the 13th time in the past 14 months, finishing up 13.5% to a record high seasonal level for the month of November.
- Nov ’19 Chinese whole milk powder increased 56.0% YOY, reaching a six year high seasonal level, however Nov ’19 Chinese skim milk powder imports declined 17.7% YOY, finishing lower on a YOY basis for the second consecutive month. Nov ’19 Chinese dairy imports excluding whole milk powder and skim milk powder increased 8.2% YOY, reaching a record high seasonal level.
- Nov ’19 Chinese dairy imports originating from within New Zealand gained market share from the previous year, while the EU-28 market share finished most significantly below previous year levels.