Chinese Dairy Imports Update – Oct ’19
Executive Summary Chinese dairy import figures provided by IHS Markit were recently updated with values spanning through Sep ‘19. Highlights from the updated report include:
- Sep ’19 Chinese dairy import volumes increased on a YOY basis for the 11th time in the past 12 months, finishing up 24.6% to a record high seasonal level for the month of September.
- Sep ’19 Chinese whole milk powder increased 18.8% YOY, reaching the third highest seasonal level on record, while Sep ’19 Chinese skim milk powder imports increased 30.3% YOY, finishing at the second highest seasonal level on record. Sep ’19 Chinese dairy imports excluding whole milk powder and skim milk powder increased 24.5% YOY, reaching a record high seasonal level.
- Sep ’19 Chinese dairy imports originating from within New Zealand and the EU-28 gained market share from the previous year, while the U.S. market share finished most significantly below previous year levels.