The global exports of dairy products to China slow down. In the period January-July 2018 overall dairy export grew by +4.3% compared to the same period of 2017, but at a slower pace if compared with the first 7 months of 2016 (+21.5%) and 2017 (+17.3%).
The best performance is given to Infant milk formula, Butter and Whey, while SMP and packaged milk lose ground.
In a context in which the reasons of the slowdown in Chinese imports are probably due to a lower liveliness of the economy (GDP should grow “only” by 6.4% this year and +6.2% in 2019, thus highlighting a downward trend, however positive), the European Union increases exports to China between January and July 2018 only by 0.5%, compared to 6% last year.
Certainly the quality of European products is the basis for increases in Infant milk formula(+29.8%), Cheese (+5.7%) and Whey (+3.7%) y-o-y.
The EU-28 export to China trend of packaged milk, milk powders, cream, butter and yogurt is negative.
Butter range by Dairy UA – click here.
Milk powders and Whey powders range by Dairy UA – click here.
Sweetened Condensed Milk and Evaporated Milk range by Dairy UA – click here.
