Executive Summary Chinese dairy import figures provided by IHS Markit were recently updated with values spanning through Oct ‘19. Highlights from the updated report include:

• Oct ’19 Chinese dairy import volumes increased on a YOY basis for the 12^th time in the past 13 months, finishing up 16.2% to a record high seasonal level for the month of October.
• Oct ’19 Chinese whole milk powder increased 36.5% YOY, reaching a record high seasonal level, however Oct ’19 Chinese skim milk powder imports declined 3.2% YOY, finishing lower on a YOY basis for the first time in the past 14 months. Oct ’19 Chinese dairy imports excluding whole milk powder and skim milk powder increased 15.8% YOY, also reaching a record high seasonal level.
• Oct ’19 Chinese dairy imports originating from within the EU-28 gained market share from the previous year, while the U.S. and New Zealand market shares finished most significantly below previous year levels.

Additional Report Details According to IHS Markit, Oct ‘19 total Chinese dairy import volumes declined seasonally to a 12 month low level but remained higher on a YOY basis for the 12^th time in the past 13 months, finishing up 16.2% to a record high seasonal level for the month of October. 2019 YTD Chinese dairy import volumes have increased 13.1% on a YOY basis throughout the first ten months of the calendar year and are on pace to reach a record high annual level. Oct ’19 Chinese whole milk powder (WMP) import volumes increased 36.5% on a YOY basis, finishing higher YOY for the 12^th time in the past 13 months and reaching a record high seasonal level. Chinese skim milk powder (SMP) import volumes declined 3.2% on a YOY basis, however, finishing lower YOY for the first time in the past 14 months. Oct ’19 Chinese dairy imports excluding WMP and SMP increased 15.8% YOY throughout the month, also reaching a record high seasonal level. The YOY increase in Chinese dairy imports excluding WMP and SMP was the fourth experienced in a row. Chinese dairy import volumes originating from within the EU-28 increased most significantly on a YOY basis throughout the month, while imports originating from within the United States and New Zealand finished significantly below previous year volumes. Chinese dairy import volumes originating from within the EU-28 accounted for over 40% of all Chinese import volumes experienced throughout Oct ’19, while the U.S. market share was reduced to 7.6%, down from the 10.6% market share experienced during October of 2018. Oct ’19 Total Chinese Dairy Import Volumes Declined Seasonally to a 12 Month Low Level Oct ’19 Chinese Dairy Import Volumes Declined 6.3% MOM but Remained up 16.2% YOY Oct ’19 Total Chinese Dairy Imports Reached a Record High Seasonal Level Oct ’19 Chinese WMP Import Volumes Increased 32.9% MOM and 36.5% YOY Oct ’19 Chinese WMP Imports Reached a Record High Seasonal Level Oct ’19 Chinese SMP Import Volumes Declined 30.4% MOM and 3.2% YOY Oct ’19 Chinese SMP Imports Remained at the Third Highest Seasonal Level on Record Oct ’19 Chinese Dairy Imports Excluding WMP & SMP Down 7.5% MOM but up 15.8% YOY Oct ’19 Chinese Dairy ‘Other’ Imports Reached a Record High Seasonal Level The EU-28 Accounted for Over 40% of All Oct ’19 Chinese Imports Oct ’19 U.S. Share of Total Chinese Dairy Imports Declined Significantly YOY Oct ’19 EU-28 Share of Total Chinese Dairy Imports Increased Most Significantly YOY