Chinese Dairy Imports Update – Sep ’21
Chinese dairy import figures were recently updated with values spanning through Aug ’21. Highlights include:
- Chinese dairy imports remained higher on a YOY basis for the 24th consecutive month throughout Aug ’21, finishing 62.7% above the previous year and reaching a record high seasonal level.
- The market share of Chinese dairy imports originating from within New Zealand increased most significantly from the previous year throughout Aug ’21. The market share of Chinese dairy imports originating from within the U.S. finished slightly above previous year levels while the market share of imports originating from the EU-27+UK declined from the previous year.
- Growth in Chinese dairy import volumes through the first seven months of 2021 have been led by whole milk powder and whey.
Chinese Customs Data
Aug ’21 Total Chinese Dairy Imports Declined Slightly From the Previous Month
Aug ’21 Chinese Dairy Import Volumes Declined 1.2% MOM but Remained 62.7% Higher YOY
Aug ’21 Total Chinese Dairy Imports Reached a Record High Seasonal Level
The Aug ’21 YOY Increase in Chinese Dairy Imports was the 24th Experienced in a Row
New Zealand & the EU-27+UK Accounted for 76% of Total Aug ’21 Chinese Dairy Imports
The Aug ’21 New Zealand Share of Total Chinese Dairy Imports Increased Most Significantly
Chinese Dairy Imports From New Zealand up the Most Over the Past 12 Months
Chinese Dairy Import Volumes by Product (Lagged by One Month)
Supplemental Chinese dairy import breakouts by product are made available by the European Commission, with data lagging the Chinese customs data by one month. Charts highlighting the Chinese import volumes by product through Jul ’21 are shown below.
Whole Milk Powder has Accounted for Over One Third of All Jan-Jul Chinese Dairy Imports
Jan-Jul YOY Increases in Chinese Dairy Imports led by Whole Milk Powder and Whey
Prior Month Chinese WMP Import Volumes up 4.1% MOM and 93.1% YOY
Prior Month Chinese WMP Imports Reached a Record High Seasonal Level
Prior Month Chinese SMP Import Volumes up 30.3% MOM and 33.4% YOY
Prior Month Chinese SMP Imports Reached a Record High Seasonal Level