Executive Summary Chinese dairy import figures provided by GTIS were recently updated with values spanning through Jul ‘19. Highlights from the updated report include:

• Jul ’19 Chinese dairy import volumes increased on a YOY basis for the ninth time in the past ten months, finishing up 14.9% to a record high seasonal level for the month of July.
• Jul ’19 Chinese whole milk powder and skim milk powder imports remained higher on a YOY basis throughout the month, increasing 7.1% and 33.7% YOY, respectively and each reaching record high seasonal levels. Jul ’19 Chinese dairy imports excluding whole milk powder and skim milk powder increased 13.6% YOY, also reaching a record high seasonal level.
• Jul ’19 Chinese dairy imports originating from within the EU-28 continued to gain market share from the previous year, while the New Zealand and U.S. market shares finished below previous year levels.

Additional Report Details According to GTIS, Jul ‘19 total Chinese dairy import volumes rebounded to a three month high level while remaining higher on a YOY basis for the ninth time in the past ten months, finishing up 14.9% to a record high seasonal level for the month of July. 2019 YTD Chinese dairy import volumes have increased 12.8% on a YOY basis throughout the first seven months of the calendar year and are on pace to reach a record high annual level. Chinese dairy import volumes originating from within the EU-28 continued to increase significantly on a YOY basis throughout the month, while imports originating from within New Zealand and the United States finished lower YOY. Chinese dairy import volumes originating from New Zealand and the EU-28 each accounted for over a third of all Chinese import volumes experienced throughout Jul ’18, despite the New Zealand market share being reduced from the previous year, while the U.S. market share was reduced to just 7.2%, down from the 12.2% market share experienced during July of 2018. Jul ’19 Chinese whole milk powder (WMP) and skim milk powder (SMP) import volumes remained higher on a YOY basis throughout the month, increasing 7.1% and 33.7%, respectively and each reaching record high seasonal levels for the month of July. Jul ’19 Chinese dairy imports excluding WMP and SMP increased 13.6% YOY throughout the month, also reaching a record high seasonal level. The YOY increase in Chinese dairy imports excluding WMP and SMP was the first experienced throughout the past three months. Jul ’19 Total Chinese Dairy Import Volumes Rebounded to a Three Month High Level Jul ’19 Chinese Dairy Import Volumes Increased 15.2% MOM and 14.9% YOY Jul ’19 Total Chinese Dairy Imports Reached a Record High Seasonal Level Jul ’19 Chinese WMP Import Volumes Increased 4.2% MOM and 7.1% YOY Jul ’19 Chinese WMP Imports Reached a Record High Seasonal Level Jul ’19 Chinese SMP Import Volumes Increased 31.3% MOM and 33.7% YOY Jul ’19 Chinese SMP Imports Reached a Record High Seasonal Level Jul ’19 Chinese Dairy Imports Excluding WMP & SMP Increased 15.4% MOM and 13.6% YOY Jul ’19 Chinese Dairy ‘Other’ Imports Reached a Record High Seasonal Level New Zealand and the EU-28 Each Accounted for Over a Third of all Jul ’19 Chinese Imports Jul ’19 New Zealand & U.S. Shares of Total Chinese Dairy Imports Declined Significantly YOY Jul ’19 EU-28 Share of Total Chinese Dairy Imports Increased Most Significantly YOY