2023 EU dairy trade review

Other Milk
Published Feb 23, 2024

Tridge summary

In 2023, dairy exports saw a 2.2% increase to 1.23m tonnes, largely due to increased exports to non-EU countries like Bangladesh, Egypt, and Nigeria, despite a slight decline in exports to the EU and a significant 16.5% dip in exports to China. On the other hand, import volumes fell by 2.1% to 1.15m tonnes, primarily due to a decrease from EU nations. To support British dairy exporters, the UK government has pledged a new £1 million programme focusing on value-added products such as cheese.
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

Over the course of 2023, exports saw a steady increase compared to the previous year, whilst imports declined by a similar margin. The EU continues to remain the most important market for dairy trade, despite Brexit. Total export volume for 2023 was 1.23m tonnes, an increase of 25,800t (2.2%) from 2022. While the level of exports to the EU declined marginally by 3100t (-0.3%), encouragingly, exports to non-EU destinations picked up during the year. Powdered and condensed milk saw the largest increase in export volumes, up by 29,300t. This was followed by butter and other dairy fats, yogurt and buttermilk, and cheese and curd increasing by 5,500t, 4,200t and 3,200t respectively. Milk and cream, and whey and whey products were an exception to the basket with exports declining by 15,100t (-1.9%) and 1,300t (-1.8%) respectively. The significant increase in exports was driven by Bangladesh 5,100t, Egypt 4,400t, Nigeria 3,300t, United Arab Emirates up by 2,300t, South Africa 1,900t, ...
Source: Ahdb
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