Chinese Dairy Imports Update – Jul ’20
Executive Summary Chinese dairy import figures provided by IHS Markit were recently updated with values spanning through Jun ’20. Highlights from the updated report include:
- Chinese dairy import volumes increased on a YOY basis for the 19th time in the past 21 months during Jun ’20, finishing up 23.0% and reaching a record high seasonal level.
- Chinese skim milk powder and whole milk powder import volumes declined 6.0% and 6.5%, respectively, on a YOY basis throughout Jun ’20 however Chinese dairy imports excluding whole milk powder and skim milk powder increased 38.6% on a YOY basis throughout the month of June, reaching a record high seasonal level.
- The market share of Chinese dairy imports originating from within the U.S. increased most significantly from the previous year throughout Jun ’20, while the market share of Chinese dairy imports originating from within New Zealand finished most significantly below previous year levels.