Dairy Import to Tianjin, QTY & Value Up in 1st Quarter 2018

[2018-04-26]


According to Tianjin Customs statistics, in the first quarter of 2018, Tianjin imported 137,000 tons of dairy products, an increase of 24.6% year-on-year (YOY), with a value of RMB 2.42 billion yuan, an increase of 28.9% YOY, and average import price at 18,000 yuan per ton, up 3.4% YOY.

Import Characteristics:

In March, Tianjin imported 31,000 tons of dairy products, up 34.1% year-on-year and down 5.3% from the previous month; the average import price was 15,000 yuan per ton, down 14% year-on-year and down 13% month-on-month;
Mainly by the mode of ordinary trade;
New Zealand was the largest source of import, accounting for 64.1% of the total import quantity;
Mostly imported by private enterprises and state-owned enterprises, the two together accounting for 78.1% of the total import quantity

Main Causes:
(1) The strong demand in the domestic market was the direct cause of the increased import of dairy products.

(2) The change in supply-demand relationship was the root cause of the increase in the import price. The global supply of dairy products has reduced in recent years. In particular, New Zealand suffered natural disasters, dairy output significantly reduced; on the demand side, with global economy recovery, the dairy demand has increased, particularly the improvement of Chinese living standards and purchasing power; in the case of the short supply, price hike was inevitable.

Problems:
(1) The stringent control over milk powder products has raised the import threshold.
(2) The quality and safety of dairy products have been improved.

Source: ETCN
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