Chinese Dairy Imports Update – Dec ’21
Chinese dairy import figures were recently updated with values spanning through Nov ’21. Highlights include:
- Chinese dairy imports remained higher on a YOY basis for the 27th consecutive month throughout Nov ’21, finishing 29.7% 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 Nov ’21. The market share of Chinese dairy imports originating from within the EU-27+UK and the U.S. each declined from the previous year levels.
- Growth in Chinese dairy import volumes through the first ten months of 2021 have been led by whole milk powder and whey.
Chinese Customs Data
Nov ’21 Total Chinese Dairy Imports Rebounded Seasonally to a Three Month High Level
Nov ’21 Chinese Dairy Import Volumes Increased 40.5% MOM and 29.7% YOY
Nov ’21 Total Chinese Dairy Imports Reached a Record High Seasonal Level
The Nov ’21 YOY Increase in Chinese Dairy Imports was the 27th Experienced in a Row
New Zealand & the EU-27+UK Accounted for 72% of Total Nov ’21 Chinese Dairy Imports
The Nov ’21 NZ Share of Total Chinese Dairy Imports Increased Most Significantly YOY
Chinese Dairy Imports From New Zealand 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 Oct ’21 are shown below.
Whole Milk Powder has Accounted for Over One Third of All Jan-Oct Chinese Dairy Imports
Jan-Oct YOY Increases in Chinese Dairy Imports led by Whole Milk Powder and Whey
Prior Month Chinese WMP Import Volumes Down 11.4% MOM and 10.5% YOY
Prior Month Chinese WMP Imports Remained at the Third Highest Seasonal Level on Record
Prior Month Chinese SMP Import Volumes up 3.5% MOM and 28.4% YOY
Prior Month Chinese SMP Imports Reached a Record High Seasonal Level