The growing purchasing power of Chinese consumers has driven imports of dairy products such as cream and butter.
The Chinese dairy market is experiencing significant changes due to an increase in consumer purchasing power. In 2024, there was a notable rise in the import of certain dairy products like cream and butter, further driven by decreased average monthly prices of imported milk equivalents, falling from $59.78 per 100 kg in October to $48.48 in December.
However, throughout the year, China’s overall dairy imports slowed by 10%. Despite this, specific segments such as Italian cheeses saw a positive trend. There was a 34% increase in imports of Italian cheeses, with fresh cheeses performing even better at a 43.2% increase, capturing 12% of the market volume. Grated or powdered Italian cheese imports also grew by 15.7%.
This shift reflects a broader appreciation among Asian consumers for European dairy products. As China’s policy changes continue to guide the market, the imports of dairy-related goods are set to remain a key area of interest in the global dairy industry.
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