Chinese Dairy Imports Update – Apr ’20
Executive Summary Chinese dairy import figures provided by IHS Markit were recently updated with values spanning through Mar ’20. Highlights from the updated report include:
- Chinese dairy import volumes increased on a YOY basis for the 16th time in the past 18 months during Mar ’20, finishing up 10.7% and reaching a record high seasonal level.
- Chinese whole milk powder and skim milk powder import volumes remained higher on a YOY basis throughout Mar ’20, increasing by 7.0% and 20.4%, respectively. Mar ’20 Chinese dairy imports excluding whole milk powder and skim milk powder increased 10.5% YOY, reaching a record high seasonal level.
- Mar ’20 Chinese dairy imports originating from within the U.S. and EU-28 gained market share from the previous year, while Chinese dairy imports originating from within New Zealand and Australia finished most significantly below previous year volumes.