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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
    2021 Share
    348.610 2%
    1.022.679 5%
    382.766 2%
    1.647.925 8%
    959 0%
    3.101.573 14%
    7.832.997 37%
    2.670.146 12%
    4.418.914 21%
    21.426.568  
    2022 Share
    265.737 1%
    1.018.978 5%
    343.361 2%
    1.586.023 8%
    1.114 0%
    2.013.513 10%
    7.249.264 37%
    2.825.342 15%
    4.121.879 21%
    19.425.210  
    2023 Share
    264.312 1%
    963.474 5%
    198.044 1%
    1.655.110 9%
    825 0%
    1.690.453 9%
    7.223.054 39%
    2.569.925 14%
    4.088.141 22%
    18.653.339  
    % 23 su 22
    -0,54%
    -5,45%
    -42,32%
    +4,36%
    -25,96%
    -16,04%
    -0,36%
    -9,04%
    -0,82%
    -3,97%
    Last update: 26-02-2024
    * 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$)
    Geographic Area
    AFRICA
    AMERICA - CENTRAL SOUTH AND THE CARIBBEAN
    ASIA
    ASIA - SOUTHEAST
    ASIA MIDDLE EAST
    EUROPE (Other - EXTRA EU-27)
    EUROPE - EU-27
    NORTHERN AMERICA
    OCEANIA
    TOTAL
    2021 Share
    457.008.796 1%
    2.907.890.415 4%
    979.918.836 1%
    4.456.825.243 7%
    3.500.684 0%
    7.129.479.416 11%
    26.648.310.090 40%
    7.079.010.896 11%
    16.886.018.746 25%
    66.547.963.121  
    2022 Share
    453.730.331 1%
    3.494.647.310 5%
    1.184.026.754 2%
    4.322.973.116 6%
    4.935.946 0%
    5.102.886.096 7%
    28.893.560.318 41%
    8.851.854.552 13%
    18.343.234.823 26%
    70.651.849.246  
    2023 Share
    410.683.384 1%
    3.278.828.750 5%
    631.237.164 1%
    4.205.690.981 6%
    5.158.692 0%
    4.370.041.107 7%
    28.672.054.553 44%
    7.542.623.813 11%
    16.638.156.155 25%
    65.754.474.599  
    % 23 su 22 US$ per tons **
    -9,49% 1.554
    -6,18% 3.403
    -46,69% 3.187
    -2,71% 2.541
    +4,51% 6.256
    -14,36% 2.585
    -0,77% 3.970
    -14,79% 2.935
    -9,30% 4.070
    -6,93%
    Last update: 26-02-2024
    * 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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