Chinese Dairy Imports Update – Sep ’20
Executive Summary Chinese dairy import figures provided by IHS Markit were recently updated with values spanning through Aug ’20. Highlights from the updated report include:
- Chinese dairy import volumes increased on a YOY basis for the 21st time in the past 23 months during Aug ’20, finishing up 9.2% and reaching a record high seasonal level.
- Chinese whole milk powder import volumes declined to a four year low seasonal level during Aug ’20 while Chinese skim milk powder import volumes also declined YOY but remained at the second highest seasonal level on record. Chinese dairy imports excluding SMP and WMP remained at a record high seasonal level for the third consecutive month, however.
- The market share of Chinese dairy imports originating from within the EU-28 increased most significantly from the previous year throughout Aug ’20, while the market share of Chinese dairy imports originating from within New Zealand finished most significantly below previous year levels. The U.S. market share of Chinese dairy import volumes remained higher on a YOY basis for the tenth consecutive month.