Chinese Dairy Imports Update – Feb ’20
Executive Summary Chinese dairy import figures provided by IHS Markit were recently updated with values spanning through Dec ‘19. Highlights from the updated report include:
- Dec ’19 Chinese dairy import volumes increased on a YOY basis for the 14th time in the past 15 months, finishing up 19.8% to a record high seasonal level for the month of December.
- Dec ’19 Chinese whole milk powder and skim milk powder imports increased 64.6% and 29.2% on a YOY basis, respectively, each reaching six year high seasonal levels. Dec ’19 Chinese dairy imports excluding whole milk powder and skim milk powder increased 4.9% YOY, reaching a record high seasonal level.
- Dec ’19 Chinese dairy imports originating from within New Zealand and the U.S. gained market share from the previous year, while Chinese dairy imports originating from within Belarus and the EU-28 finished most significantly below previous year volumes.