Chinese Dairy Imports Update – Sep ’19
Executive Summary Chinese dairy import figures provided by IHS Markit were recently updated with values spanning through Aug ‘19. Highlights from the updated report include:
- Aug ’19 Chinese dairy import volumes increased on a YOY basis for the tenth time in the past 11 months, finishing up 4.1% to a record high seasonal level for the month of August.
- Aug ’19 Chinese whole milk powder imports declined on a YOY basis for the first time in the past 11 months, finishing down 12.6% but remaining at the third highest seasonal level on record. Aug ’19 Chinese skim milk powder imports increased 38.4% YOY to a record high seasonal level, however, while Aug ’19 Chinese dairy imports excluding whole milk powder and skim milk powder increased 3.6% YOY, also reaching a record high seasonal level.
- Aug ’19 Chinese dairy imports originating from within the EU-28 continued to gain market share from the previous year, while the New Zealand and U.S. market shares finished below previous year levels.