World Dairy Map 2020: Shifting Gears in Global Dairy Trade
Dairy supply chains are connected through well-established trade routes across the globe. Dairy product trade in 2019 topped 82m metric tons and grew by an average 2.25% for the period 2014 to 2019. In 2019, cheese reigned supreme as the most traded dairy commodity at 2.66m metric tons, followed closely by whole milk powder at 2.61m metric tons and skim milk powder at 2.58m metric tons.
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The period between 2015 and 2019 brought significant change to global dairy trade, significantly shifting the landscape. As 2020 draws to a close, the global dairy market braces for change in the US government and a potential shift in trade policy, a looming hard Brexit, and new opportunities for global dairy supply chains in a (hopefully) post-Covid-19 world. “There will continue to be bumps in the road in 2021 and beyond, but global dairy trade will continue to grow in the future. Over the medium term, global dairy demand will show the fastest increase in milk-deficit emerging markets,” according to Michael Harvey, Senior Analyst –Dairy.
For more on the World Dairy Map 2020, listen to our podcast episode: Shifting Gears in Global Dairy Trade: Cheese Reigns Supreme.
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