November 2022 China Dairy Import Volume Snapshot

November 2022 China Dairy Import Volume Snapshot

Key Takeaways:
  • China’s infant formula imports remained elevated over the prior year for the fifth consecutive month, driven by increased shipments from the Netherlands, UP 4,092MT (+43% YoY) in November to mark an all-time high from the country. Excluding the major increase from the Netherlands, imports declined from the majority of other top origination countries, including New Zealand (-1,720MT or -31%), Germany (-388MT or -25%), Australia (-252MT or -31%), South Korea (-176MT or -23%), France (-104MT or -3%), and Denmark (-228MT or -32%).
  • Lactose imports in November fell below prior year levels for the first time since June, brought down by reduced shipments from Europe. Imports declined to 0MT from France, Denmark, Italy, and Lithuania, while volumes from Germany (-216MT or -33%) and Poland (-264MT or -50%) fell at a more moderate rate. Imports increased from the top two holders in market share, the United States (+806MT or +11%), and New Zealand (+213MT or +48%) over the previous year.
  • Cheese imports declined in November against a strong prior year to the lowest November volume since 2018, most attributable to losses from New Zealand (-4,250MT or -46%), the top holder in market share with 48%. Declines were also seen from Australia (-939MT or -39%), Denmark (-927MT or -67%), and the US (-387MT or -40%). However, imports notably increased from Italy (+184MT), Ireland (+273MT), Argentina (+174MT), and Turkey (+153MT) from the previous year.
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