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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 89% 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
    2021 Share
    348.610 2%
    1.031.507 5%
    382.766 2%
    1.647.925 8%
    336.885 2%
    3.101.573 14%
    7.832.999 36%
    2.670.252 12%
    4.418.914 20%
    21.771.429  
    2022 Share
    265.737 1%
    1.085.507 5%
    343.361 2%
    1.586.023 8%
    311.239 2%
    2.013.479 10%
    7.249.252 37%
    2.812.885 14%
    4.121.879 21%
    19.789.362  
    2023 Share
    291.089 1%
    1.501.096 8%
    242.503 1%
    1.710.174 9%
    376.223 2%
    1.693.651 9%
    7.233.208 37%
    2.560.644 13%
    4.086.441 21%
    19.695.028  
    % 23 su 22
    +9,54%
    +38,29%
    -29,37%
    +7,83%
    +20,88%
    -15,88%
    -0,22%
    -8,97%
    -0,86%
    -0,48%
    Last update: 22-11-2024
    * 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$)
    Geographic Area
    AFRICA
    AMERICA - CENTRAL SOUTH AND THE CARIBBEAN
    ASIA
    ASIA - SOUTHEAST
    ASIA MIDDLE EAST
    EUROPE (Other - EXTRA EU-27)
    EUROPE - EU-27
    NORTHERN AMERICA
    OCEANIA
    TOTAL
    2021 Share
    457.008.796 1%
    2.907.890.415 4%
    979.918.836 1%
    4.456.825.243 7%
    252.403.401 0%
    7.129.479.416 11%
    26.648.283.216 40%
    7.079.320.443 11%
    16.886.018.746 25%
    66.797.148.511  
    2022 Share
    453.730.331 1%
    3.678.250.830 5%
    1.184.026.754 2%
    4.322.965.278 6%
    317.809.085 0%
    5.102.770.179 7%
    28.892.430.781 41%
    8.851.545.360 12%
    18.343.234.823 26%
    71.146.763.421  
    2023 Share
    448.918.761 1%
    3.533.233.676 5%
    771.029.594 1%
    4.300.441.494 6%
    382.357.877 1%
    4.378.294.683 7%
    28.646.625.901 43%
    7.524.930.866 11%
    16.629.162.050 25%
    66.614.994.903  
    % 23 su 22 US$ per tons **
    -1,06% 1.542
    -3,94% 2.354
    -34,88% 3.179
    -0,52% 2.515
    +20,31% 1.016
    -14,20% 2.585
    -0,85% 3.960
    -14,99% 2.939
    -9,34% 4.069
    -6,37%
    Last update: 22-11-2024
    * 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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