Chinese dairy imports: US and EU market shares grow

Between January and May 2017, Chinese imports of milk equivalent (ME) increased by 53,000 tonnes. USA and EU market shares grew.
Recently, US signed a Memorandum of Understanding with Beijing to facilitate exports of more than 200 American companies. At the same time, European Commission has reached an agreement with China to protect 100 PDO and PGI products.
New Zealand decreases its export’s share in ME.

Dairy products imported in the first five months of 2017 in China grew by 1.4% in volume on a trend basis and even by 23% in value, with interesting performances for cheeses in quantity and value (respectively +23, 8% and + 27.3%), infant milk formula (+ 25.8% and + 22.6%) and SMP (+ 11.8% in quantity and + 29.8% in value).

Chinese imports of bulk and packaged milk and WMP collapse. On the other hand, cheese and SMP imports grow; the SMP increase is probably linked to the lowest cost compared to the WMP (see chart).

The packaged milk decrease in imports and the higher local milk consumption (see chart) are likely to be attributed to the Chinese investments effect on food.

Cream positive trend continues, with over 30% average growth between January and May 2017. In May import accelerated strongly, around +90% on a trend basis.

Is this linked to the higher consumption of ice cream, spotted coffee or anything else?

CHINA: dairy products Import year-to-date (May)
  QUANTITY (Tons) VALUE (’000 USD)
2016 2017 ± on 2016 2016 2017 ± on 2016
Infant milk formula 78.294 98.494 +25,8% 1.078.355 1.322.577 +22,6%
WMP 266.692 253.781 -4,8% 662.496 799.943 +20,7%
SMP 99.035 110.722 +11,8% 210.846 273.612 +29,8%
Milk and cream 259.691 219.715 -15,4% 257.832 261.883 +1,6%
Of which:    
- Bulk and pack. milk 226.072 174.023 -23,0% 168.606 133.949 -20,6%
- Cream 33.619 45.693 +35,9% 89.226 127.934 +43,4%
Whey Powder 187.241 207.070 +10,6% 170.267 259.046 +52,1%
Cheese 37.455 46.383 +23,8% 160.405 204.130 +27,3%
Butter 37.458 38.322 +2,3% 134.421 180.921 +34,6%
Other products* 59.534 64.886 +9,0% 105.882 116.581 +10,1%
TOTAL IMPORT 1.025.400 1.039.373 +1,4% 2.780.505 3.418.693 +23,0%
* Other products: Caseinates, Lactose Pharmaceutical, Yogurt and buttermilk, Condensed Milk, Lactose edible
Data processed by Clal based on GTIS source.

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The CLAL.it team is composed of young people who with the help of Computer Science study the dairy market and develop tools to provide the Operators of the dairy sector with a comprehensive real-time view of the national and international market trends.

Posted in China, Import

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