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UK: The second quarter of dairy trade review, exports decline while imports edge up

Published Aug 27, 2024

Tridge summary

In the second quarter of 2024, the UK experienced a 2.6% decrease in dairy exports, totaling 330,800 tons, with declines seen in both the EU and non-EU markets. Despite this, there was growth in exports of cheese, whey, milk, cream, and yoghurt. However, imports of dairy powders and butter saw significant drops. The quarter also witnessed a notable surge in imports from the EU, particularly from Ireland, Belgium, Greece, Germany, France, and Spain, driven by increased consumer demand for dairy products. Additionally, there is potential for British dairy exporters in capitalizing opportunities in emerging markets and competing with New Zealand in supplying cheese and curd, amidst challenges such as weather conditions and global economic and geopolitical factors influencing trade dynamics.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Total export volumes of dairy products from the UK have declined by 2.6% in Q2 2024 year-on-year. Total export volumes for Q2 2024 were 330,800t, a decline of 8,800t year-on-year. Exports of dairy products to the EU declined by 1,700t and that to non-EU nations declined by 7,000t during the period. Despite the overall decline in exports, cheese, whey, milk and cream and yoghurt saw growth year-on-year. Cheese exports grew the most, increasing by 5,900t, followed by whey products at 2,600t. Exports of yoghurt increased marginally by 800t, however it is the highest recorded in a quarter since 2021. Exports of milk and cream increased by 1,900t. Increasing consumer demand for cheese supported the growth. Exports of powders declined very significantly by 16,600t (-34%) whilst butter declined by 3,300t (20%). Growth in exports to the EU were mainly going to Ireland (+3800t), Belgium (+2700t), Spain (+900t), Greece (+200t). However overall exports declined due to lower exports to the ...
Source: Ahdb
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