Join Import & Export Telegram Group📈
💰Join Import & Export Facebook Group
Based on reports, in 2020, cow milk exports totaled 29.1 Billion Dollars which accelerated in value by 23.9 percent for all cow milk shipping nations over the 5 years starting in 2016 when international milk sales were worth 23.4 Billion Dollars.
From 2019 to 2020, the value of globally exported cow milk slightly declined by minus 0.9 percent.
Below is a list of top cow milk exporting countries:
- New Zealand
- Germany
- United States
- Netherlands
- France
In 2020, these 5 countries accounted for 54 percent which is over half of global cow milk shipments by value.
However, from a continental perspective, the European Union sold over half of the worldwide cow milk exports which stand at 52.2 percent.
New Zealand leads countries in the continent of Oceania and placed second in terms of cow milk exportation at 25.6 percent.
Cow milk exporters in North America were responsible for 8.6 percent of global milk exports ahead of Asia’s cow milk exporters at 8 percent.
South America came in at 4.7 percent, trailed by suppliers in Africa at 0.9 percent.
Hence the continent with the highest export of cow milk is the European Union while Africa has the lowest export rate for cow milk.
It is worthy to note that there are two major product classifications used for the international trade of milk. The 4-digit Harmonized Tariff System (HTS) code prefix is 0401 for cow milk and cream that is not concentrated nor contains added sugar or other sweetening matter. It is 0402 for cow milk that does contain concentrated or added sugar.
Unsweetened cow milk exports under HTS prefix 0401 amounted to 8.8 Billion Dollars which is 30.1 percent of the global total On the other hand, sweetened cow milk items under code 0402 came to 20.3 Billion Dollars which is 69.9 percent in the same year.
Let's take a look at 15 countries that exported the highest dollar value worth of cow milk during 2020. This list encompasses both unsweetened and unsweetened varieties of the product.
According to 2020 rankings, New Zealand is the highest exporter of cow milk exporting 6.5 Billion Dollars value of the product which amounts to 22.4 percent of total global cow milk exports.
Following New Zealand is Germany covering 10.1 percent of cow milk global export valued at 2.9 Billion Dollars
The United States is the third highest exporter of cow milk globally. Covering 7.9 percent which is valued at 2.3 Billion Dollars.
The United States is closely followed by Netherlands 7.5 percent global export valued at 2.2 Billion Dollars.
France exports 1.8 Billion Dollars worth of cow milk which accounts for 6.2 percent of global export.
Belgium does a volume of 5.2 percent valued at 1.5 Billion Dollars while Australia is the 7th highest global exporter of cow milk sending out 3.3.percent volume of the overall global export valued at 946.4 Million Dollars.
Poland exports 833.8 Million Dollars worth of the products which is 2.9 percent. Ireland made 774.2 Million Dollars from cow milk export in 2020. The United Kingdom also made the list sitting on the 10th spot with 726 Million Dollars generated from its export of cow milk which is valued at 2.5 percent of global export figures.
Belarus is the eleventh highest exporter of cow milk in the world raking in 597.7 Million Dollars valued at 2.1 percent of world cow milk export.
Saudi Arabia follows Belarus with 528.8 Million Dollars in cow milk export. The Arab country is closely followed by Argentina with a 519.3 Million Dollar export value.
Hong Kong and Uruguay are the fourteenth and fifteenth global highest cow milk exporters respectively with 514.8 Million Dollars and 475.1 Million Dollars in value.
The 15 countries listed in this video shipped almost 79.5 percent of worldwide cow milk exported in 2020.
Among the listed major cow milk suppliers, the fastest-growing countries for exported cow milk since 2016 were: Ireland with a 147 percent rise in export, Poland with a 65.3% percent rise in export, the United States with a 63.3 percent rise in export, and New Zealand up by 49.3 percent.
However, two of the major cow milk exporting countries witnessed declines in their exported cow milk sales. Belarus cow milk sales declined by minus 6.9 percent and Saudi Arabia cow milk sales also declined by minus 4.9 percent.
WATCH FULL VIDEO BELOW: Top Cow Milk Exporting Countries
https://www.youtube.com/watch?v=ZreB5UctWrQ
If you are new to Big Man Business, please subscribe to our YouTube Channel for more business expert contents
Conclusion
Cow milk exports totaled 29.1 Billion Dollars in 2020 which accelerated in value by 23.9 percent for all cow milk shipping nations. New Zealand, Germany, the United States, Netherlands, and France make up the list of the 5 most valuable suppliers of cow milk. The United States is the third highest exporter of cow milk globally. It accounts for 7.9 percent of the global cow milk export valued at 2.3 billion dollars.
Tags:
top cow milk exporting countries 2021
top cow milk exporting countries in africa
top cow milk exporting countries in the world
top cow milk exporting countries 2022
top cow milk exporting countries 2020
top cow milk exporting countries
💰Join Import & Export Facebook Group
Join Import & Export Telegram Group📈
Related Posts
None found