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China - Dairy Produce - Market Analysis, Forecast, Size, Trends and Insights

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Sep 23, 2023

China's June 2023 Dairy Import Sees Modest Increase to $620M

China Dairy Produce Imports

In June 2023, approximately 191K tons of dairy produce were imported into China; picking up by 4.2% compared with the month before. Overall, imports recorded mild growth. The pace of growth appeared the most rapid in November 2022 when imports increased by 19% m-o-m. Over the period under review, imports attained the peak figure in June 2023.

In value terms, dairy produce imports rose slightly to $620M (IndexBox estimates) in June 2023. The total import value increased at an average monthly rate of +1.0% from June 2022 to June 2023; the trend pattern remained consistent, with only minor fluctuations in certain months. The pace of growth was the most pronounced in July 2022 when imports increased by 18% month-to-month. As a result, imports reached the peak of $649M. From August 2022 to June 2023, the growth of imports remained at a lower figure. China Dairy Produce Imports By Country (Million USD)

COUNTRY	Import Value of Dairy Produce in China (million USD)
COUNTRY	Jun 2022	Jul 2022	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023	Apr 2023	May 2023	Jun 2023
New Zealand	286	347	281	272	310	312	363	436	404	422	327	360	377
Australia	65.2	133	76.3	61.3	38.3	52.8	54.2	49.7	59.6	71.3	81.6	63.1	59.9
France	35.4	31.1	33.6	32.9	20.6	31.5	27.9	23.5	25.8	35.8	30.6	36.1	37.1
Germany	27.3	25.7	22.6	22.6	20.0	36.2	24.9	20.8	20.7	24.7	29.4	36.2	32.6
United States	37.9	12.8	20.6	24.1	19.4	12.9	13.6	16.3	9.3	15.5	12.8	14.6	8.0
Poland	7.3	5.7	8.8	9.1	4.1	5.4	7.1	3.2	2.9	2.4	5.6	7.4	4.6
Others	89.5	93.7	111	100	86.7	82.7	83.8	66.2	63.9	66.3	78.2	87.2	100
Total	549	649	553	522	499	533	574	616	587	638	565	605	620

Imports by Country

In June 2023, New Zealand (106K tons) constituted the largest dairy produce supplier to China, with a 56% share of total imports. Moreover, dairy produce imports from New Zealand exceeded the figures recorded by the second-largest supplier, Germany (27K tons), fourfold. Australia (14K tons) ranked third in terms of total imports with a 7.2% share.

From June 2022 to June 2023, the average monthly growth rate of volume from New Zealand stood at +3.4%. The remaining supplying countries recorded the following average monthly rates of imports growth: Germany (+0.4% per month) and Australia (-3.6% per month).

In value terms, New Zealand ($377M) constituted the largest supplier of dairy produce to China, comprising 61% of total imports. The second position in the ranking was taken by Australia ($60M), with a 9.7% share of total imports. It was followed by France, with a 6% share.

From June 2022 to June 2023, the average monthly rate of growth in terms of value from New Zealand amounted to +2.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: Australia (-0.7% per month) and France (+0.4% per month).

Imports by Type

Powdered milk (78K tons), whole fresh milk (46K tons) and cream fresh (27K tons) were the main products of dairy produce imports to China, with a combined 79% share of total imports. These products were followed by cheese, butter and dairy spreads, skim milk, ghee, yoghurt and fermented milk and evaporated and condensed milk, which together accounted for a further 21%.

From June 2022 to June 2023, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by cheese (with a CAGR of +4.7%), while imports for the other products experienced more modest paces of growth.

In value terms, powdered milk ($283M) constituted the largest type of dairy produce supplied to China, comprising 46% of total imports. The second position in the ranking was taken by cream fresh ($105M), with a 17% share of total imports. It was followed by cheese, with a 14% share.

Import Prices by Country

In June 2023, the dairy produce price amounted to $3,246 per ton (CIF, China), reducing by -1.6% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 10% month-to-month. Over the period under review, average import prices hit record highs at $3,641 per ton in March 2023; however, from April 2023 to June 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Australia ($4,376 per ton), while the price for Poland ($1,053 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Australia (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the dairy produce market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 888 - Skim Milk of Cows
FCL 1130 - Camel milk
FCL 882 - Cow milk, whole (fresh)
FCL 1020 - Goat milk
FCL 982 - Sheep milk
FCL 951 - Buffalo milk
FCL 897 - Dry Whole Cow Milk
FCL 898 - Dry Skim Cow Milk
FCL 889 - Whole Milk, Condensed
FCL 894 - Whole Milk, Evaporated
FCL 895 - Skim Milk, Evaporated
FCL 896 - Skim Milk, Condensed
FCL 891 - Yoghurt
FCL 983 - Butter and Ghee of Sheep Milk
FCL 1022 - Butter of Goat Milk
FCL 952 - Butter of Buffalo Milk
FCL 886 - Butter of Cow Milk
FCL 887 - Ghee from Cow Milk
FCL 953 - Ghee, from Buffalo Milk
FCL 901 - Cheese from Whole Cow Milk
FCL 904 - Cheese from Skimmed Cow Milk
FCL 905 - Whey Cheese
FCL 907 - Processed Cheese
FCL 955 - Cheese of Buffalo Milk
FCL 984 - Cheese of Sheep Milk
FCL 1021 - Cheese of Goat Milk
FCL 885 - Cream, Fresh
FCL 893 - Buttermilk, Curdled Milk, Acidified Milk
FCL 899 - Dry Buttermilk
FCL 892 - Yoghurt, Concentrated or Unconcent

Country coverage:

China

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023

China - Dairy Produce - Market Analysis, Forecast, Size, Trends and Insights

China's June 2023 Dairy Import Sees Modest Increase to $620M

China Dairy Produce Imports

Imports by Country

Imports by Type

Import Prices by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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