Chinese Dairy Imports Update – Jul ’16
Executive Summary
Chinese dairy import figures provided by GTIS were recently updated with values spanning through Jun ’16. Highlights from the updated report include:
• Total Chinese dairy import volumes increased on a YOY basis for the 11th consecutive month during Jun ‘16, finishing up 26.4% to a new record high figure for the month of June.
• Chinese dairy import volumes originating from within the EU-28 exceeded volumes originating from within New Zealand for the third consecutive month during Jun ’16, despite volumes originating from New Zealand increasing by 79.7% YOY.
• Jun ’16 Chinese dairy imports excluding whole milk powder and skim milk powder remained strong, finishing up 22.3% YOY to a new record high for the month of June.
Additional Report Details
According to GTIS, Jun ’16 total Chinese dairy import volumes declined 3.1% MOM on a daily average basis but remained 26.4% higher YOY, finishing at a record high level for the month of June. Total Chinese dairy import volumes have increased YOY for 11 consecutive months through June. Total Chinese dairy import volumes originating from within the New Zealand were particularly strong, increasing by 79.7% YOY during Jun ’16, however import volumes originating from within the EU-28 continued to exceed volumes originating from within New Zealand for the third consecutive month.
Jun ’16 Chinese whole milk powder (WMP) import volumes declined 14.1% MOM on a daily average basis but increased 119.5% YOY to the third highest figure on record for the month of June while skim milk powder (SMP) import volumes increased 14.9% MOM on a daily average basis but remained 15.7% lower YOY, finishing at a three year June low. Jun ’16 Chinese dairy imports excluding WMP and SMP remained particularly strong, increasing by 22.3% YOY and finishing at a new record high for the month of June.
Jun ’16 Total Chinese Dairy Import Volumes Remained Below the Jan ’16 Highs
Jun ’16 Total Chinese Dairy Import Volumes Declined 3.1% MOM but Increased 26.4% YOY
Chinese Dairy Import Volumes Increased to a Record High for the Month of June
Jun ’16 Chinese WMP Import Volumes Declined 14.1% MOM but Increased 119.5% YOY
Chinese WMP Imports Finished at the Third Highest Figure on Record for the Month of June
Jun ’16 Chinese SMP Import Volumes Increased 14.9% MOM but Declined 15.7% YOY
Chinese SMP Imports Finished at a Three Year Low for the Month of June
Jun ’16 Chinese Dairy Imports Excluding WMP & SMP Down 2.2% MOM but up 22.3% YOY
Chinese Dairy Imports Excluding WMP & SMP Finished at a June Record High
The EU-28 Accounted for Over a Third of the Total Jun ’16 Chinese Dairy Import Volumes