Chinese Dairy Imports Update – May ’15
According to GTIS, Apr ’15 total Chinese dairy import volumes remained weak, finishing down 33.0% YOY. Total Chinese dairy import volumes have declined YOY for eight consecutive months at an average rate of 31.3% over the period. Apr ’15 total Chinese import volumes also remained slightly below three year average volumes for the month of April, finishing 0.8% lower. Total Chinese dairy import volumes did increase 6.8% MOM on a daily average basis, which was a contra-seasonal move when compared to the ten year average March – April seasonal decline in total dairy import volumes of 7.6%.
Apr ’15 whole milk powder (WMP) imports finished down 64.7% YOY and 10.9% MOM on a daily average basis while skim milk powder (SMP) imports finished down 12.9% YOY but increased 28.8% MOM on a daily average basis. WMP import volumes remained below three year average volumes, finishing 42.8% lower, while SMP import volumes finished at the second highest April level on record and 25.3% above the previous three year average volumes.
Apr ’15 Total Chinese Dairy Import Volumes Remained Significantly Below Last Year’s Levels
Apr ’15 Total Chinese Dairy Import Volumes up 6.8% MOM but Down 33.0% YOY
Apr ’15 Total Chinese Dairy Import Volumes Remained at the Second Highest April Level
Apr ’15 Chinese WMP Import Volumes Down 10.9% MOM and 64.7% YOY
Apr ’15 Chinese WMP Import Volumes Declined to a Three Year Low
Apr ’15 Chinese SMP Import Volumes up 28.8% MOM but Down 12.9% YOY
Apr ’15 Chinese SMP Import Volumes Remained at the Second Highest April Level
New Zealand Accounted for Over 40% of the Total Apr ’15 Chinese Dairy Import Volumes