New Zealand’s dairy exports explode in January

Published 2023년 2월 27일

Tridge summary

New Zealand's dairy exports experienced a 14% increase in volume and a 20% increase in value year on year in January 2023, making it the fourth-largest January in dairy export history. All major export partners increased their dairy purchases, with the largest increases from Thailand, Indonesia, Singapore, and Australia. Every major dairy export commodity also saw an increase in both volumes and values exported, with skim milk powder exports surging by 70%. Anhydrous milkfat and butter exports also increased significantly, and there was a steady 5% increase in infant formula exports.

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

Original content

What a way to start off the year for New Zealand’s exports. Total dairy export volumes increased 14% year on year (YoY) in January 2023, with 341,765mt of dairy exported. This is the fourth-largest January in NZ dairy export history, and the largest since 2020. From a value perspective, total dairy exports increased 20% YoY with US$1.5 billon exported in January. This is the second-largest January of export values achieved for NZ, only 2% lower than the record year of 2014. Every major export partner of NZ increased their purchase volumes of dairy, with even China reporting an increase of 5% YoY for dairy purchases. Notably, China’s market share of NZ dairy export volumes declined 3%, owning 32% of the market in 2023, while Thailand, Indonesia, Singapore, and Australia increased their market share 1% each. From a commodity perspective, every major dairy export commodity increased in volumes and values exported. Whole milk powder (WMP) exports increased 7% YoY in January, with ...

Source: Farmersweekly