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Year-to-date dairy exports in growth, imports ease
Thursday, 5 January 2023
Exports
UK dairy exports have overall seen an uplift in the year to date (January – October) totalling 1.03 million tonnes, up 3.5% (35,200 tonnes) when compared with the same period last year. There has remained mixed performance across the key product categories with cheese showing an 18% uplift on last year, and whey, milk and cream also showing positive growth (8% and 6% respectively). However, declines were seen for the other categories; powders and concentrates by 15%; butter by 10%; buttermilk and yoghurt by 24%.
The average price per tonne of product has increased substantially compared to the previous year. This was driven by tighter supplies and high production costs during the period (Jan-Oct), and reflects the higher global wholesale prices seen during the year compared to 2021. An uplift in prices was seen for all dairy products, ranging from 20% for cheese and curd products, to 58% for butter. Average powders and concentrates prices rose 32% in the year to date, which included a 48% increase in the SMP price. Overall, this mean that total export value increased by 37% to £1.54bn.
Imports
Latest figures show that the UK imported in the year to date (Jan-Oct) just over 1.0 million tonnes of dairy products. This is back 3% (32,600 tonnes) on the same period last year. In contrast, import value totalled £2.48bn, up 26% on Jan-Oct 2021, driven by higher commodity prices.
Within this reduction in volumes, year to date milk and cream imports decreased by 5%, and yoghurts and buttermilk reduced by 16%. There was an increase in imports of milk powders (12%), whey products (23%), cheese (2%) and butter (0.4%), however these uplifts were not enough to counteract the decreases seen in the other key categories.
Ireland continues to be our largest supplier of dairy products, accounting overall for 370,800 tonnes (37%) of imports. This is slightly back on last year, however, while increases in shipments have been seen from Germany, the Netherlands and Italy.
For more detailed data, check out our dairy trade dashboard.
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