China - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights
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View PricingChina's Imports of Powdered Milk Decrease by 2% to $291M in April 2023
China Powdered Milk Imports
In April 2023, purchases abroad of powdered milk decreased by -0.4% to 77K tons, falling for the second consecutive month after four months of growth. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 with an increase of 20% m-o-m.
In value terms, powdered milk imports contracted slightly to $291M (IndexBox estimates) in April 2023. In general, imports recorded a noticeable setback. The most prominent rate of growth was recorded in July 2022 when imports increased by 17% against the previous month.
| COUNTRY | Import Value of Powdered Milk in China (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | |
| New Zealand | 254 | 208 | 171 | 188 | 143 | 124 | 125 | 159 | 170 | 238 | 255 | 195 | 172 |
| Australia | 48.0 | 43.9 | 43.9 | 94.3 | 52.6 | 42.2 | 25.9 | 33.4 | 37.4 | 36.7 | 47.2 | 48.4 | 64.4 |
| France | 8.2 | 5.0 | 5.1 | 7.7 | 10.8 | 10.2 | 6.0 | 7.6 | 11.3 | 6.1 | 8.3 | 10.5 | 9.0 |
| Germany | 3.3 | 4.8 | 2.2 | 5.9 | 1.1 | 2.4 | 1.1 | 2.1 | 2.8 | 0.6 | 3.4 | 6.9 | 6.8 |
| United States | 8.5 | 30.6 | 35.6 | 10.6 | 18.5 | 21.9 | 15.7 | 9.1 | 11.5 | 14.7 | 7.9 | 10.1 | 5.7 |
| Sweden | 1.7 | 3.7 | 5.4 | 4.1 | 6.7 | 5.8 | 6.2 | 2.5 | 3.1 | 2.6 | 6.0 | 6.2 | 4.8 |
| Belarus | 7.3 | 10.1 | 8.3 | 5.5 | 14.3 | 6.6 | 8.0 | 12.6 | 12.5 | 3.8 | 6.0 | 1.3 | 4.0 |
| Finland | 10.1 | 12.7 | 7.4 | 14.1 | 9.4 | 7.6 | 11.2 | 6.6 | 10.2 | 8.6 | 8.2 | 6.2 | 3.2 |
| Ireland | 1.1 | 4.9 | 1.4 | 3.7 | 9.7 | 9.6 | 6.9 | 3.9 | 4.0 | 5.6 | 4.1 | 4.8 | 2.9 |
| Others | 28.2 | 31.0 | 20.8 | 18.7 | 26.4 | 26.6 | 20.8 | 15.6 | 19.8 | 11.9 | 7.8 | 6.8 | 18.0 |
| Total | 371 | 355 | 301 | 352 | 292 | 257 | 226 | 252 | 283 | 329 | 354 | 296 | 291 |
Imports by Country
In April 2023, New Zealand (49K tons) constituted the largest supplier of powdered milk to China, with a 64% share of total imports. Moreover, powdered milk imports from New Zealand exceeded the figures recorded by the second-largest supplier, Australia (12K tons), fourfold. Germany (2.2K tons) ranked third in terms of total imports with a 2.9% share.
From April 2022 to April 2023, the average monthly rate of growth in terms of volume from New Zealand amounted to -1.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: Australia (+2.9% per month) and Germany (+15.8% per month).
In value terms, New Zealand ($172M) constituted the largest supplier of powdered milk to China, comprising 59% of total imports. The second position in the ranking was taken by Australia ($64M), with a 22% share of total imports. It was followed by France, with a 3.1% share.
From April 2022 to April 2023, the average monthly rate of growth in terms of value from New Zealand stood at -3.2%. The remaining supplying countries recorded the following average monthly rates of imports growth: Australia (+2.5% per month) and France (+0.8% per month).
Imports by Type
Dairy produce; milk and cream, concentrated, not containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content exceeding 1.5% (by weight) (41K tons), dairy produce (35K tons) and dairy produce; milk and cream, containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content exceeding 1.5% (by weight) (51 tons) were the main products of powdered milk imports to China.
From April 2022 to April 2023, the biggest increases were in dairy produce; milk and cream, concentrated or containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content not exceeding 1.5% (by weight) (with a CAGR of +3.2%), while purchases for the other products experienced a decline.
In value terms, dairy produce; milk and cream, concentrated, not containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content exceeding 1.5% (by weight) ($168M), dairy produce ($123M) and dairy produce; milk and cream, containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content exceeding 1.5% (by weight) ($748K) appeared to be the most imported types of powdered milk in China.
Import Prices by Country
In April 2023, the powdered milk price amounted to $3,801 per ton (CIF, China), remaining constant against the previous month. In general, the import price continues to indicate a mild slump. The growth pace was the most rapid in July 2022 an increase of 4.5% month-to-month. As a result, import price reached the peak level of $4,910 per ton. From August 2022 to April 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In April 2023, the country with the highest price was Australia ($5,244 per ton), while the price for Belarus ($2,460 per ton) was amongst the lowest.
From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by France (+0.3%), while the prices for the other major suppliers experienced a decline.
This report provides an in-depth analysis of the powdered milk market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 897 - Dry Whole Cow Milk
- FCL 898 - Dry Skim Cow Milk
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
