EU dairy exports rose sharply in August. This is clearly evident from percentage increases that refer to volume for the following products: butter (+35.3%), milk and cream (+30.3%), infant formula (+26.6%), whey powder (+21.2%), cheese (+18.9%) and milk powder (+5.1%). The only negative figures regard skimmed milk powder (-31.0%).
The value of exports amounted to €9,107 million and that of imports to €512 million, with a trade surplus of €8,595 million.
Where was this huge flow of dairy products exported to? First and foremost to South-East Asia whose total imports, which are equal to 29% of the market share, increased by 2.1%. Africa, whose total imports fell by 14.6% and are equal to 24% of the market share, follows immediately afterwards. Third place is held by the Middle East whose total imports, equal to 20% of the market share, increased by 6.8%. Both North America and non-EU European countries each account for 7% of the market share; the former registered an increase of 4.4% and the latter an increase of 10.3%.
In the period January-August of this year, the total volume of exports increased by 8.3% compared to the same period in 2015 (with a decrease, however, of 1.3% in value). This period registered a considerable increase for caseinates (+114.4% but with a price depreciation of 8.7%), butter (+40% and +29.7% in value), milk and cream (+38.7% and 24.8% in value), cheese (+13.8% and +3% in value) and infant formula (+11.3% and +6.5% in value). Significant, however, are the decreases registered for condensed milk (-26% with the same percentage for value) and skimmed milk powder (-18.3% and -28.1% in value).
Let’s take a look at cheese exports. The main export market is the United States which has a market share of 17% and, in the period January-August, registered an increase of 2% compared to the same period the previous year. The second largest market is Japan, which is currently growing at a rate of 11%. Third place goes to Switzerland, with a growth rate of 4%. Fifth and sixth place are occupied respectively by Saudi Arabia (+20%) and South Korea (+30%); both are better performing markets as they are less mature.