Highlights from the updated report include:
- Chinese dairy import volumes increased on a YOY basis for the 16th time in the past 18 months during Mar ’20, finishing up 10.7% and reaching a record high seasonal level.
- Chinese whole milk powder and skim milk powder import volumes remained higher on a YOY basis throughout Mar ’20, increasing by 7.0% and 20.4%, respectively. Mar ’20 Chinese dairy imports excluding whole milk powder and skim milk powder increased 10.5% YOY, reaching a record high seasonal level.
- Mar ’20 Chinese dairy imports originating from within the U.S. and EU-28 gained market share from the previous year, while Chinese dairy imports originating from within New Zealand and Australia finished most significantly below previous year volumes.
Additional Report Details According to IHS Markit, Mar ’20 total Chinese dairy import volumes remained higher on a YOY basis for the 16th time in the past 18 months, finishing up 10.7% to a record high seasonal level for the month of March. 2019 annual Chinese dairy import volumes increased 13.7% on a YOY basis, reaching a record high level, while 2020 YTD import volumes have increased by an additional 1.6% throughout the first quarter of the calendar year. Chinese whole milk powder (WMP) import volumes increased 7.0% on a YOY basis throughout Mar ’20, reaching a four year high seasonal level, while Chinese skim milk powder (SMP) import volumes increased 20.4%, finishing at a six year high seasonal level. Mar ’20 Chinese dairy imports excluding WMP and SMP increased 10.5% YOY throughout the month, reaching a record high seasonal level for the ninth consecutive month. Chinese dairy import volumes originating from within the U.S. increased most significantly on a YOY basis throughout the month of March, followed by volumes originating from within the EU-28, while imports originating from within New Zealand and Australia finished most significantly below previous year volumes. Chinese dairy import volumes originating from within New Zealand continued to account for 40% of all Chinese import volumes experienced throughout Mar ’20. The U.S. market share increased to 9.5%, up from the 6.1% market share experienced during March of 2019. Mar ’20 Total Chinese Dairy Import Volumes Increased Seasonally From the Previous Month 
Mar ’20 Chinese Dairy Import Volumes Increased 5.8% MOM and 10.7% YOY 
Mar ’20 Total Chinese Dairy Imports Reached a Record High Seasonal Level 
Mar ’20 Chinese WMP Import Volumes Declined 27.5% MOM but Remained up 7.0% YOY 
Mar ’20 Chinese WMP Imports Reached a Four Year High Seasonal Level 
Mar ’20 Chinese SMP Import Volumes Increased 7.0% MOM and 20.4% YOY 
Mar ’20 Chinese SMP Imports Reached a Six Year High Seasonal Level 
Mar ’20 Chinese Dairy Imports Excluding WMP & SMP Increased 24.2% MOM and 10.5% YOY 
Mar ’20 Chinese Dairy ‘Other’ Imports Reached a Record High Seasonal Level 
NZ & the EU-28 Each Accounted for Over a Third of All Mar ’20 Chinese Dairy Import Volumes 
Mar ’20 EU-28 & U.S. Shares of Total Chinese Dairy Imports Finished Higher YOY 
Mar ’20 U.S. Share of Total Chinese Dairy Imports Increased Most Significantly YOY 
Chinese Dairy Imports From the EU-28 and NZ up Most Significantly Over the Past 12 Months 
