January 2023 US Dairy Import/Export Volume Snapshot

January 2023 US Dairy Import/Export Volume Snapshot

  • January cheese exports reached an all-time high for the month as cheese sailing to Mexico also kicked off the calendar year at a record pace (9,159MT, +21% YoY). Shipments fell to South Korea (4,819MT, -7% YoY), the second largest destination market, but strength to Japan (3,750MT, +35% YoY), Bahrain (807MT, +412% YoY) and Australia (3,150MT, +25% YoY) helped to offset losses elsewhere. Despite discounted cheese throughout Europe, the US also continued to see strong cheddar exports in January as well, driven by the larger sales shown into Japan (2,618MT, +67% YoY) and Australia (1,439MT, +116% YoY).

  • Nonfat dry milk exports were impressive with Mexico’s market share continuing to swell above 50%, reaching 53.5% in January, the highest reported since August 2019. Maintaining similar strong volumes throughout the second half of 2022, the US reported the strongest January shipments to Mexico on record (36,520MT, +75% YoY). Other notable gains were shown to Thailand (2,577MT, +639% YoY) and Colombia (2,981MT, +100% YoY). 

  • Total dairy exports to China expanded over prior year for the eighth consecutive month into January, which also marked the third month in a row that achieved monthly highs. Much of the growth continues to be in the form of dry whey (6,099MT, +75% YoY) but WPC<80 exports (5,202MT, +26% YoY) also remain notable, alongside lactose (9,091MT, +19% YoY). Meanwhile, shipments to Southeast Asia remained negative for the sixth month in a row, dragged down by lower skim milk powder volumes (20,319MT, -22% YoY).

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