Executive Summary Chinese dairy import figures provided by IHS Markit were recently updated with values spanning through Apr ’20. Highlights from the updated report include:

• Chinese dairy import volumes increased on a YOY basis for the 17^th time in the past 19 months during Apr ’20, finishing up 1.4% and reaching a record high seasonal level.
• Chinese whole milk powder import volumes increased 21.9% on a YOY basis throughout Apr ’20, reaching a six year seasonal high level, however Chinese skim milk powder imports declined 4.1% on a YOY basis. Apr ’20 Chinese dairy imports excluding whole milk powder and skim milk powder declined 5.2% YOY but remained at the second highest seasonal level on record.
• Apr ’20 Chinese dairy imports originating from within New Zealand and the U.S. gained market share from the previous year, while Chinese dairy imports originating from within Australia and the EU-28 finished most significantly below previous year volumes.

Additional Report Details According to IHS Markit, Apr ’20 total Chinese dairy import volumes remained higher on a YOY basis for the 17^th time in the past 19 months, finishing up 1.4% to a record high seasonal level for the month of April. 2019 annual Chinese dairy import volumes increased 13.7% on a YOY basis, reaching a record high level, while 2020 YTD import volumes have increased by an additional 1.6% throughout the first third of the calendar year. Chinese whole milk powder (WMP) import volumes increased 21.9% on a YOY basis throughout Apr ’20, reaching a six year high seasonal level, however Chinese skim milk powder (SMP) import volumes declined 4.1% on a YOY basis throughout the month. Despite declining on a YOY basis, Apr ’20 Chinese SMP import volumes remained at the second highest seasonal level on record. Apr ’20 Chinese dairy imports excluding WMP and SMP declined 5.2% YOY throughout the month but also remained at the second highest seasonal level on record. Chinese dairy import volumes originating from within New Zealand increased most significantly on a YOY basis throughout the month of April, followed by volumes originating from within the U.S., while imports originating from within Australia and the EU-28 finished most significantly below previous year volumes. Chinese dairy import volumes originating from within New Zealand and the EU-28 accounted for 80% of all Chinese import volumes experienced throughout Apr ’20. The U.S. market share increased to 8.0%, up from the 6.7% market share experienced during April of 2019. Apr ’20 Total Chinese Dairy Import Volumes Increased Seasonally From the Previous Month Apr ’20 Chinese Dairy Import Volumes Increased 6.8% MOM and 1.4% YOY Apr ’20 Total Chinese Dairy Imports Reached a Record High Seasonal Level Apr ’20 Chinese WMP Import Volumes Increased 40.3% MOM and 21.9% YOY Apr ’20 Chinese WMP Imports Reached a Six Year High Seasonal Level Apr ’20 Chinese SMP Import Volumes Increased 4.0% MOM but Finished Down 4.1% YOY Apr ’20 Chinese SMP Imports Remained at the Second Highest Seasonal Level on Record Apr ’20 Chinese Dairy Imports Excluding WMP & SMP Declined 3.7% MOM and 5.2% YOY Apr ’20 Chinese Dairy ‘Other’ Imports Remained at the Second Highest Seasonal Level NZ & the EU-28 Combined to Account for 80% of All Apr ’20 Chinese Dairy Import Volumes Apr ’20 New Zealand & U.S. Shares of Total Chinese Dairy Imports Finished Higher YOY Apr ’20 Australian Share of Total Chinese Dairy Imports Declined Most Significantly YOY Chinese Dairy Imports From the EU-28 and NZ up Most Significantly Over the Past 12 Months