Media Updates, page-9754

Data were just released for June 2021 IF exports from Lyttleton port to China. Volume was lower than average for this year, but it had also been fairly strong in the lead up to 618, so probably makes sense for some slow down following 618 to allow inventory levels to reduce.

That completes export data for the year and overall YoY trend was strongly upward.



From FY20 to FY21, there was a 40% increase in gross weight of IF exports from Lyttleton port (where Synlait Dunsandel plant is based) to China.

		FY20		FY21	% change
1	Jul-19	678,700	Jul-20	925,296	+36%
2	Aug-19	953,543	Aug-20	1,720,760	+80%
3	Sep-19	790,428	Sep-20	728,040	-8%
4	Oct-19	1,042,005	Oct-20	1,869,290	+79%
5	Nov-19	743,984	Nov-20	3,222,354	+333%
6	Dec-19	785,545	Dec-20	3,139,863	+300%
7	Jan-20	1,022,236	Jan-21	687,855	-33%
8	Feb-20	763,869	Feb-21	2,714,391	+255%
9	Mar-20	3,598,948	Mar-21	1,545,235	-57%
10	Apr-20	1,666,802	Apr-21	1,584,249	-5%
11	May-20	1,093,894	May-21	2,127,740	+95%
12	Jun-20	2,094,867	Jun-21	1,113,040	-47%
13
14	FY20 Total	15,234,821	FY21 Total	21,378,113	+40%

Not quite the 50% I was predicting awhile ago but still impressive, considering all of the global shipping/logistical barriers that FY20 contained. Such sustained growth throughout this period suggests underlying demand is still growing.