The asian giant is the tractor of the global economy.
In the first quarter of 2021 China maintained its strong growth in imports of milk. In the following graph we observe, for the selected products, an increase of increase of 35.8% over the same period in 2020. Expect a decreasing rate of imports for the 2nd half which would ease the current trend.
The main dairy products imported by the asian giant (see chart) and expressed in equivalent litres of milk are: milk powder, skim milk powder, infant formula, cheese and fluid milk. Argentina, starting in 2018, began to exportarles 200 ton milk powder, coming in 2020, a total of 3.117 tons. But what will the 2021 registers a -69% lower shipments. The counterparty is Uruguay in 2020 were exported to China 17.951 ton, and in the 1st quarter of 2021 increased shipments a +1%. Cheese does not contain any of the 2 countries.
Main supplier of dairy products to China
90% of the milk powder, 35% skim milk powder and 56% of the cheeses is provided by New Zealand , 35% of infant formulas for the Netherlands, and 26% of the fluid milk by Germany.
