Chinese Dairy Imports Update – Jul ’21
Chinese dairy import figures were recently updated with values spanning through Jun ’21. Highlights include:
- Chinese dairy imports remained higher on a YOY basis for the 22nd consecutive month throughout Jun ’21, finishing 47.5% 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 Jun ’21. The market share of Chinese dairy imports originating from within the U.S. finished slightly below previous year levels while the market share of imports originating from the EU-27+UK also declined from the previous year.
- Growth in Chinese dairy import volumes through the first five months of 2021 have been led by whey and whole milk powder.
Chinese Customs Data
Jun ’21 Total Chinese Dairy Imports Declined From the Previous Month
Jun ’21 Chinese Dairy Import Volumes Declined 9.2% MOM but Remained up 47.5% YOY
Jun ’21 Total Chinese Dairy Imports Reached a Record High Seasonal Level
The Jun ’21 YOY Increase in Chinese Dairy Imports was the 22nd Experienced in a Row
New Zealand & the EU-27+UK Accounted for 75% of Total Jun ’21 Chinese Dairy Imports
The Jun ’21 New Zealand Share of Total Chinese Dairy Imports Increased Most Significantly
Chinese Dairy Imports From the EU-27+UK 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 May ’21 are shown below.
Whole Milk Powder has Accounted for Over One Third of All Jan-May Chinese Dairy Imports
Jan-May YOY Increases in Chinese Dairy Imports led by Whey and Whole Milk Powder
Prior Month Chinese WMP Import Volumes up 9.5% MOM and 67.0% YOY
Prior Month Chinese WMP Imports Reached a Record High Seasonal Level
Prior Month Chinese SMP Import Volumes up 15.4% MOM and 109.9% YOY
Prior Month Chinese SMP Imports Reached a Record High Seasonal Level