With an acceleration of 3.5% in quantity and 2% in value in December, the dairy export of the European Union recovered in 2018, which marks +0.5% in quantity, but slows down in value (-2.4%).
EU-28 SMP Export
+34.9% in volume
December 2018 y-o-y
On the contrary, the Whole Milk Powder (WMP) loses interest. EU WMP exports slowed down considerably in December (-33.4% in quantity and -30.9% in value), thus aggravating an annual limping trend, -15.1% in quantity and -16.7% in value in 2018 compared to 2017.
Exports of Infant Milk Formula increased both in quantity (+8.6%) and in value (+4.3%) in 2018 compared to the previous year. China and Hong Kong are the first two importing countries, with a market share of 45% and 10% respectively.
The European Union attracts importing countries in highly specialized segments: Whey, Caseins, Lactose
The export of Butter declined in December, but a growth of 10.5% of the average unit price for 2018 to 5.92 € / kg means that the year closed positively as regards the values traded (+2.1%).
Export price of Cheese
+3,2%December 2018 y-o-y
Fresh cheeses, whose exports declined in 2018, recorded encouraging performances in China (+12.3%). Perhaps that of fresh cheeses is the way to conquer the tastes of Chinese consumers?