A return to growth for China, as retail sales dip. But how are China’s consumers fairing?

New edition of Dairy Products China News featuring: the Dairy Consumption Trend report, expansion for Mengniu, IPO prospectuses from Youran Dairy and Yiming Food, and analysis from a booming dairy sector.

In the end, China’s economy faired ‘surprisingly well’ during 2020 as government efforts to deal with Covid-19 and support for manufacturing businesses saw a return to growth in the latter half of the year, notes Richard Field in this month’s edition of Dairy Products China News. 

Even so, retail sales took a dip and with differing priorities a 1.1% decline in liquid dairy sales during Q1-Q3 may have been less. Moving forward, consumer prospects remain key to further growth in dairy consumption, especially at a ‘higher quality’ price point. 

Dairy analysis in this issue:

  • The Dairy Consumption Trend Report (Q1-Q3) reflecting a rise, with recovering liquid dairy (LMP) demand and growing frozen dairy (FMP) consumption.
  • A three-Year Action Plan from the Inner Mongolia Autonomous Region which aims to raise its dairy herd to 2.15m head and milk production to 7.2m tonnes by 2022.
  • Mengniu forges ahead with Chinese farm and plant construction ahead of 2021 openings.
  • Youran Dairy publishes its IPO prospectus on the HKEX.
  • Fonterra posts significant profit growth despite a revenue slip.
  • Yiming Food looks to raise USD75.3m to grow its store network and expand capacity. 
  • A booming dairy sector despite supply shortages pushing up raw milk prices.

For full access to our exclusive monthly newsletter with dairy market analysis on China subscribe today.

Subscriber benefits include:

  • Exclusive dairy analysis of events, dynamics and prospects in the local dairy sector.

  • Newsletter archive of all editions of Dairy Products China News since its launch in 2008.

  • Ability to research topics of interest by key word across full archive and retrieve all related PDFs.