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The Global Dairy Market

On this page, we provide with two graphs giving a general overview of the dairy industry's world market, in terms of the major exporting countries'export volume.
Considering the sum of the following products:
  1. HS 0406 - Cheese,
  2. HS 0405 - Butter,
  3. HS 040210 - SMP (Skimmed Milk Powder),
  4. HS 040221+040229 - WMP (Whole Milk Powder 26%),
  5. HS 040110+040120 - Bulk and pack. milk,
  6. HS 040130+040140+040150 - Cream,
  7. HS 0403 - Yogurt,
  8. HS 040291+040299 - Condensed milk,
  9. HS 190110 - Infant milk formula,
  10. HS 0404 - Whey Powder,
  11. HS 350110 - Casein,
  12. HS 350190 - Caseinates,

the first graph compares the quantity (tonnes), which is then translated by the second graph as an amount in USD ($US values).
 
The graphs are showed together with tables that clearly display both quantity and values, Area by Area. Data is updated on an annual basis since it is incorporated within a framework of rapid evolution.
Indeed, when viewed in their global context, the following are found to be changing rapidly:
  • the supply of products placed on the international market in relation to the development of domestic demand (population/GDP) and the quantities of milk production;
  • demand for the same products (in relation to the purchasing country's change);
  • the measures taken by individual countries (in relation to political and strategic choices, customs protection policies, etc.);
  • climatic conditions (drought, floods, etc.);
  • exogenous events that can affect the dynamics of demand and supply (from epidemics to the quest for alternative energy sources, lifestyle changes, etc.)


  • Exports of HS 040210, 040221+040229, 0405, 0406, 040110+040120,
    040130+040140+040150,0403, 040291+040299, 190110, 0404, 350110, 350190 *
    Quantities (Ton) - equivalent to 88% of Global Export
    Geographic Area
    AFRICA
    AMERICA - CENTRAL SOUTH AND THE CARIBBEAN
    ASIA
    ASIA - SOUTHEAST
    ASIA MIDDLE EAST
    EUROPE (Other - EXTRA EU-27)
    EUROPE - EU-27
    NORTHERN AMERICA
    OCEANIA
    TOTAL
    2020 Share
    288.656 1%
    1.025.138 5%
    295.062 1%
    1.679.053 8%
    2.042 0%
    3.200.396 15%
    7.930.045 38%
    2.453.458 12%
    4.185.609 20%
    21.059.458  
    2021 Share
    348.610 2%
    1.022.679 5%
    382.766 2%
    1.648.502 8%
    959 0%
    3.101.573 14%
    7.833.619 37%
    2.670.146 12%
    4.418.914 21%
    21.427.767  
    2022 Share
    271.861 1%
    1.018.882 5%
    342.828 2%
    1.586.024 8%
    1.114 0%
    2.013.513 10%
    7.276.895 37%
    2.828.391 15%
    4.121.879 21%
    19.461.387  
    % 22 su 21
    -22,02%
    -0,37%
    -10,43%
    -3,79%
    +16,14%
    -35,08%
    -7,11%
    +5,93%
    -6,72%
    -9,18%
    Last update: 23-08-2023
    * HS 040210: Skimmed Milk Powder (SMP)
       HS 040221+040229: Whole Milk Powder 26% (WMP)
       HS 0405: Butter
       HS 0406: Cheese
       HS 040110+040120: Bulk and pack. milk
       HS 040130+040140+040150: Cream
       HS 0403: Yogurt
       HS 040291+040299: Condensed milk
       HS 190110: Infant milk formula
       HS 0404: Whey Powder
       HS 350110: Casein
       HS 350190: Caseinates
    ** data refers to export value divided by export volume (last year)
    Source: IHS
    To find out which countries are among the reference geographical areas, click HERE
    Exports of HS 040210, 040221+040229, 0405, 0406, 040110+040120,
    040130+040140+040150,0403, 040291+040299, 190110, 0404, 350110, 350190 *
    Values (US$)
    Geographic Area
    AFRICA
    AMERICA - CENTRAL SOUTH AND THE CARIBBEAN
    ASIA
    ASIA - SOUTHEAST
    ASIA MIDDLE EAST
    EUROPE (Other - EXTRA EU-27)
    EUROPE - EU-27
    NORTHERN AMERICA
    OCEANIA
    TOTAL
    2020 Share
    464.806.102 1%
    2.630.955.276 4%
    693.179.185 1%
    4.462.995.672 7%
    6.104.133 0%
    6.738.842.894 11%
    25.712.866.642 42%
    6.110.327.508 10%
    14.890.229.219 24%
    61.710.306.632  
    2021 Share
    457.008.796 1%
    2.907.892.272 4%
    979.918.836 1%
    4.458.552.316 7%
    3.500.684 0%
    7.129.479.416 11%
    26.648.027.092 40%
    7.079.010.896 11%
    16.886.018.746 25%
    66.549.409.052  
    2022 Share
    447.605.887 1%
    3.494.327.836 5%
    1.182.375.450 2%
    4.322.977.667 6%
    4.935.946 0%
    5.102.886.096 7%
    28.886.757.955 41%
    8.855.014.217 13%
    18.343.234.823 26%
    70.640.115.877  
    % 22 su 21 US$ per tons **
    -2,06% 1.646
    +20,17% 3.430
    +20,66% 3.449
    -3,04% 2.726
    +41,00% 4.432
    -28,43% 2.534
    +8,40% 3.970
    +25,09% 3.131
    +8,63% 4.450
    +6,15%
    Last update: 23-08-2023
    * HS 040210: Skimmed Milk Powder (SMP)
       HS 040221+040229: Whole Milk Powder 26% (WMP)
       HS 0405: Butter
       HS 0406: Cheese
       HS 040110+040120: Bulk and pack. milk
       HS 040130+040140+040150: Cream
       HS 0403: Yogurt
       HS 040291+040299: Condensed milk
       HS 190110: Infant milk formula
       HS 0404: Whey Powder
       HS 350110: Casein
       HS 350190: Caseinates
    ** Data refers to export value divided by export volume (last year)
    Source: IHS
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