China: After six years of highs, dairy imports fall in 2022

Published 2023년 2월 2일

Tridge summary

China's dairy imports in 2022 fell by 16.5% to 3.505 million tons, ending a consecutive growth period since 2015. The decrease in dollars was minimal, only 0.2% to $15.021 million. Purchases of whole milk powder, China's main import, fell 17% to 701,383 tons. Uruguay was the second largest supplier, despite a 19% drop. New Zealand was the largest supplier with an 88% market share. The decline in purchases is due to increased local production, high stocks from 2021, logistical issues due to Covid outbreaks, the impact of the Ukraine war, and global inflation.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Updated 2 days ago China's dairy imports have been growing consecutively since 2015, but this sequence ended in 2022. Last year, purchases from the Asian giant fell 16.5%, to 3.505 million tons. The drop in dollars was just 0.2% to $15.021 million. Purchases of whole milk powder - the main product exported by Uruguay and the most imported by China - fell to 701,383 tons, 17% below the 849,247 tons reached in 2021. The only products that registered high in the annual comparison were: infant formulas, butter, cream cheese and other dairy products. Uruguay has established itself as the second largest supplier of whole milk powder to China, with 30,325 tonnes exported last year. This place on the podium remained despite the 19% drop recorded in relation to the 37,551 tons shipped in 2021, according to CLAL data, released by the Argentine Dairy Chain Observatory (OCLA). New Zealand was the largest supplier by a wide margin, with 617,725 tonnes swt, an 88% market share. December figures ...

Source: Milkpoint