China increased its global dairy imports by more than 31% in the first four months

Published 2021년 6월 2일

Tridge summary

From April, the Observatory of the Argentine Dairy Chain reports a notable 31.1% increase in Chinese dairy product imports in volume, reaching 8,011 million liters of milk equivalent, which marks a 12% rise in dollars compared to the same period last year. The imports have seen consistent growth, with a cumulative annual rate of 9.6% over the past eight years, except for 2015. The imports include a significant rise in casein, cream, blue cheese, and soft cheese, with China being the global leader in whole milk powder imports, primarily sourced from New Zealand. Argentina has experienced a decline in whole milk powder sales to China, with a 68.9% decrease in the first four months of this year, highlighting a potential missed opportunity for Argentina, given its high international price and leading export role in the product.

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

Original content

(Agraria.pe) According to information from the Observatory of the Argentine Dairy Chain (OCLA), in the first four months of 2021, imports of dairy products from China grew 31.1% in volume of products, 12% in dollars and represented 8,011 million liters of milk equivalent (+ 22.5% compared to the same period last year). In relation to products, those that experienced the greatest growth during this period were: casein (+ 202.5%), cream (+ 76%), blue cheese (+ 72.8%), soft cheese (+ 72.2% ), serum (+ 62%), processed cheese (+ 61.7%), among others. China is the main importer of Whole Milk Powder in the world and its main supplier is New Zealand, which holds a 94.2% share of this product in the Asian giant, in the first four months of 2021. In this category, Argentina's sales have fallen by 68.9% in the first four months of this year compared to 2020, which could be interpreted as a ...

Source: Agraria