Chinese Dairy Imports Update – Nov ’19
Executive Summary Chinese dairy import figures provided by IHS Markit were recently updated with values spanning through Oct ‘19. Highlights from the updated report include:
- Oct ’19 Chinese dairy import volumes increased on a YOY basis for the 12th time in the past 13 months, finishing up 16.2% to a record high seasonal level for the month of October.
- Oct ’19 Chinese whole milk powder increased 36.5% YOY, reaching a record high seasonal level, however Oct ’19 Chinese skim milk powder imports declined 3.2% YOY, finishing lower on a YOY basis for the first time in the past 14 months. Oct ’19 Chinese dairy imports excluding whole milk powder and skim milk powder increased 15.8% YOY, also reaching a record high seasonal level.
- Oct ’19 Chinese dairy imports originating from within the EU-28 gained market share from the previous year, while the U.S. and New Zealand market shares finished most significantly below previous year levels.