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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 98% 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
    2019 Share
    347.773 2%
    1.029.654 5%
    376.876 2%
    1.718.326 8%
    111.190 1%
    3.262.383 16%
    7.611.176 36%
    2.177.735 10%
    4.291.640 21%
    20.926.753  
    2020 Share
    288.656 1%
    1.025.116 5%
    295.062 1%
    1.679.053 8%
    2.042 0%
    3.200.396 15%
    7.930.222 38%
    2.457.257 12%
    4.185.609 20%
    21.063.413  
    2021 Share
    334.658 2%
    974.257 5%
    359.038 2%
    1.548.838 8%
    895 0%
    2.895.949 14%
    7.150.426 35%
    2.700.564 13%
    4.434.658 22%
    20.399.283  
    % 21 su 20
    +15,94%
    -4,96%
    +21,68%
    -7,76%
    -56,15%
    -9,51%
    -9,83%
    +9,90%
    +5,95%
    -3,15%
    Last update: 11-02-2022
    * 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$)
    Geographic Area
    AFRICA
    AMERICA - CENTRAL SOUTH AND THE CARIBBEAN
    ASIA
    ASIA - SOUTHEAST
    ASIA MIDDLE EAST
    EUROPE (Other - EXTRA EU-27)
    EUROPE - EU-27
    NORTHERN AMERICA
    OCEANIA
    TOTAL
    2019 Share
    551.771.161 1%
    2.591.895.267 4%
    819.196.276 1%
    5.472.038.712 9%
    170.727.638 0%
    6.893.254.602 11%
    24.130.962.188 39%
    5.554.617.352 9%
    15.016.610.781 25%
    61.201.073.976  
    2020 Share
    464.806.102 1%
    2.630.869.601 4%
    693.179.185 1%
    4.462.995.672 7%
    6.104.133 0%
    6.738.842.893 11%
    25.713.207.558 42%
    6.115.510.905 10%
    14.897.363.329 24%
    61.722.879.378  
    2021 Share
    409.642.251 1%
    2.805.426.452 4%
    898.123.868 1%
    4.273.407.227 7%
    3.197.715 0%
    6.624.603.053 10%
    24.503.383.837 39%
    7.149.539.106 11%
    16.921.089.889 27%
    63.588.413.398  
    % 21 su 20 US$ per tons **
    -11,87% 1.224
    +6,63% 2.880
    +29,57% 2.501
    -4,25% 2.759
    -47,61% 3.571
    -1,70% 2.288
    -4,71% 3.427
    +16,91% 2.647
    +13,58% 3.816
    +3,02%
    Last update: 11-02-2022
    * 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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