Chinese Dairy Imports Update – Aug ’19
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.