Top Cow Milk Importing Countries

Join Import & Export Telegram Group📈

💰Join Import & Export Facebook Group

As of 2020, worldwide purchases of milk imports totaled 30 billion U.S dollars.

The world’s 5 biggest markets for imported cow milk are China, Germany, the Netherlands, Belgium, and Italy. Collectively, those 5 countries bought about one-third which is 33 percent of milk imported worldwide in 2020.

Below is a list of top cow milk importing countries:

  • Hong Kong
  • Algeria
  • Saudi Arabia
  • Mexico
  • Nigeria

 

Top Cow Milk Importing Countries

Closely following these top 5 countries are Hong Kong, Algeria, Saudi Arabia, Mexico, and Nigeria.

China which leads the pack of the highest importer and consumers of cow milk spent 4.6 Billion Dollars on cow milk importation in 2020

Germany spent Germany 1.8 Billion Dollars on cow milk importation in the said year while the Netherlands splashed a whooping 1.3 Billion in the importation and consumption of the product.

According to reports Belgium was the fourth-highest spender globally in 2020 with 1.11 Billion Dollars. Italy recorded 1.06 Billion Dollars closely followed by Hong Kong and Algeria with 1.04 Billion Dollars and 1.02 Billion dollars respectively

Sitting at the 8th spot in terms of cow milk consumption and importation is Saudi Arabia with 895.2 Million Dollars. Mexico consumed 788 Million Dollars worth of Cow Milk in 2020.

Surprisingly, we have Nigeria as the 10th highest global importer of cow milk spending 772.6 Million Dollars to import the diary product.

Indonesia is the 11th highest importer of cow milk globally with 733.2 Million Dollars spent on importation.

As of 2020, United Arab Emirates consumed 665.2 Million Dollars worth of cow milk while the Philippines closely followed with 635 Million Dollars spent.

Malaysia sits at the 14th position globally when it comes to cow milk production with 594 Million spent while on the number 15th spot we have Russia with 526.5 Million spent on cow milk importation.

Based on the information we have here, the listed 15 countries purchased 58.6% of all milk imports in 2020.

Among the above top importers of cow milk, the fastest-growing markets are China with up to 115.4 percent, Nigeria with up to 105.4 percent, Indonesia with up to 56.4 percent, and Malaysia with up to 38 percent.

However, three top countries that witnessed declines in their cow milk importation include Hong Kong with a minus 35.9 percent decline, Russia with a minus 18.6 percent decline, and the United Arab Emirates with a minus 9.2 percent.

We should note here that cow milk consumption does not equate with its importation. Some countries are high consumers but not high importers because they have a self-sufficient dairy industry whereas some countries are high consumers and high importers basically because the need and demand for the product in such countries are very high. Also, we have some countries that produce more but consume less. Hence such countries export more of their cow milk.

Overall China still remains the highest importer of cow milk majorly because of its huge population and the preference of the Chinese people for imported cow milk due to a series of cow milk scandals that have engulfed the Asian giants in recent years.

For those who intend to go into cow milk exportation, you should be targetting majorly countries with high importation rates of the product because that is where the demand is. Hence you will sell more quantities and make more profits from those countries.

 

WATCH FULL VIDEO BELOW: Top Cow Milk Importing countries

https://www.youtube.com/watch?v=sfBHeh-HSBU

 

If you are new to Big Man Business, please subscribe to our YouTube Channel for more business expert contents

 

Conclusion

The world's 5 biggest markets for imported cow milk are China, Germany, the Netherlands, Belgium, and Italy. Closely following these top 5 countries are Hong Kong, Algeria, Saudi Arabia, Mexico, and Nigeria. As of 2020, worldwide purchases of milk imports totaled 30 billion U.S dollars. The fastest-growing markets for cow milk are China, Nigeria, Indonesia and Malaysia. China remains the highest importer of cow milk majorly because of its huge population. Three top countries that witnessed declines in their cow milk importation include Hong Kong, Russia and United Arab Emirates.

 

Tags:

top cow milk importing countries 2021
top cow milk importing countries in the world
top cow milk importing countries in africa
top cow milk importing countries 2022

 

💰Join Import & Export Facebook Group

Join Import & Export Telegram Group📈

Related Posts

None found

By bmb

Leave a Reply

Your email address will not be published. Required fields are marked *