Chinese Dairy Imports Update – Nov ’16 Executive Summary Chinese dairy import figures provided by GTIS were recently updated with values spanning through Oct ’16. Highlights from the updated report include:

• Oct ’16 total Chinese dairy import volumes declined seasonally to a 12 month low but finished higher on a YOY basis for the 14th first time in the past 15 months, finishing up 11.1%.
• Chinese dairy import volumes originating from within the EU-28 exceeded volumes originating from within New Zealand for the seventh consecutive month during Oct ’16, accounting for over 40% of total import volumes.
• Oct ’16 Chinese dairy imports excluding whole milk powder and skim milk powder remained particularly strong, finishing up 13.7% YOY to a new record high for the month of October.

Additional Report Details According to GTIS, Oct ’16 total Chinese dairy import volumes declined 8.0% MOM on a daily average basis to a 12 month low but remained higher on a YOY basis, finishing up 11.1%. Total Chinese dairy import volumes have increased on a YOY basis over 14 of the past 15 months through October. Import volumes originating from within the EU-28 exceeded volumes originating from within New Zealand for the seventh consecutive month during Oct ’16, accounting for over 40% of total import volumes. Oct ’16 Chinese whole milk powder (WMP) import volumes declined on a YOY basis for the second consecutive month, finishing down 11.5%, however skim milk powder (SMP) import volumes finished higher on a YOY basis for the first time in seven months, increasing by 14.0%. Chinese WMP import volumes declined to a five year low for the month of October while SMP import volumes remained 40.5% below three year average figures for the month of October. Oct ’16 Chinese dairy imports excluding WMP and SMP remained strong, however, increasing by 13.7% YOY and finishing at a new record high for the month of October. Oct ’16 Total Chinese Dairy Import Volumes Declined to a 12 Month Low Oct ’16 Total Chinese Dairy Import Volumes Declined 8.0% MOM but Finishing up 11.1% YOY Total Chinese Dairy Import Volumes Finished at the Second Highest October Figure Oct ’16 Chinese WMP Import Volumes Increased 41.8% MOM but Remained Down 11.5% YOY Chinese WMP Imports Finished at a Five Year Low for the Month of October Oct ’16 Chinese SMP Import Volumes Declined 3.9% MOM but Remained up 14.0% YOY Chinese SMP Imports Remained 40.5% Below Three Year Average October Figures Oct ’16 Chinese Dairy Imports Excluding WMP & SMP Down 11.4% MOM but up 13.7% YOY Chinese Dairy Imports Excluding WMP & SMP Finished at an October Record High The EU-28 Accounted for Over 40% of the Total Oct ’16 Chinese Dairy Import Volumes