Chinese Dairy Imports Update – Aug ’20
Executive Summary Chinese dairy import figures provided by IHS Markit were recently updated with values spanning through Jul ’20. Highlights from the updated report include:
- Chinese dairy import volumes increased on a YOY basis for the 20th time in the past 22 months during Jul ’20, finishing up 19.8% and reaching a record high seasonal level.
- Chinese whole milk powder import volumes declined to a four year low seasonal level during Jul ’20 however Chinese skim milk powder import volumes and dairy imports excluding SMP and WMP each reached record high seasonal levels throughout the month.
- The market share of Chinese dairy imports originating from within the U.S. increased most significantly from the previous year throughout Jul ’20, while the market share of Chinese dairy imports originating from within New Zealand finished most significantly below previous year levels.