China's dairy trade monthly report as of January 2024

Dairy

China

Market & Price Trends

Published Jan 29, 2024

Tridge summary

In 2023, China's dairy imports saw a decrease of 12% to 2.8781 million tons, with a value of US$12.082 billion. The major categories that saw a drop were large package powder, condensed milk, and packaged milk, while whey powder and cheese saw growth rates of 9.4% and 22.5% respectively. The country's dairy exports increased by 30% to 58,100 tons, primarily to Hong Kong. There was also a decrease in hay imports by 44.8% and an increase in oat grass imports by 52.3%. The main sources of dairy imports were the EU, New Zealand, and the US.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

January 2024 Analysis Report 2024 Issue 1 (Total Issue 203) Sponsored by: National Dairy Industry Technology System Dairy Economics Research Office Chief Editor: Liu Changquan Li Shengli Executive Deputy Editor: Dou Ming Catalog 01 Dairy Trade Overview 02 Dairy Raw Materials Trade 03 Consumption Dairy trade 04 Genetic material trade 05 Forage and feed raw materials 01 Dairy trade overview Dairy trade overview 1.1.1 In 2023, imported dry dairy products -10% to 2.04 million tons, liquid milk -16.5% to 830,000 tons In 2023, China's total imports There were 2.8781 million tons of various dairy products, a year-on-year decrease of 12%. The import value was US$12.082 billion, a year-on-year decrease of 13.3%. The imported dairy products were equivalent to 17.18 million tons of raw milk, a year-on-year decrease of 10.4% (dried products were calculated at 1:8, liquid dairy products were calculated at 1:8 Converted at 1:1, the same below). Among them, imported dry dairy products were ...

Source: Foodmate