China's dairy imports in the first five months of 2022 are down 18% from record volumes seen in the same period last year. The reduction in import demand is likely linked to high inventories, strong domestic milk production and reduced consumption due to ongoing lockdown restrictions to deal with Covid outbreaks.
Original content
The record imports for the period from January to May 2021, which was 44% higher year-on-year, was a response to China's desire to build up safety stocks in response to food safety concerns and transportation complications. The products that saw the biggest jumps in import volumes in 2021 (Jan-May) were fluid milk and cream and whey products. The higher demand for whey (+57% year-on-year) may be linked to the recomposition of your swine herd. For fluid milk and cream, government messages about the health benefits of milk consumption are likely behind the sharp rise in imports, which rose 62%. After these high levels, imports from January to May 2022 fell again, and it is the declines in these same two products that account for most of the annual drop in dairy import volumes, although there has also been a drop in milk imports in skimmed powder. Imports of whey products in the first five months of the year are down 41% year on year, bringing it down to more typical levels now that ...
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