Chinese Cream Imports Pursue Robust Growth
Aug 26, 2021
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Cream imports to China soared +21% y-o-y to 194K tons in 2020, which equated to $625M. Over the past decade, China boosted cream imports manyfold, from only 7.1K tons or $20M in 2010 to the present figures. New Zealand remains the key cream supplier to China, accounting for 53% of the total Chinese imports in physical terms. In 2020, Spain, Belgium, Germany, Ireland and New Zealand featured the highest growth rates regarding cream export volume to China. Last year, the average cream import price in China grew by +2.5% to $3,216 per ton compared to the figures of 2019.