I won't say anything about import to China from EU or any other country but when we are talking about import from NZ one need to remember that the first 5 months last year were not ordinary months. As we should remember, A2M (as one of the major NZ exporters of IF to China) was in process of renewing SAMR and in the first half of last year was building up inventory in China. So, their export volumes to China at that time were unusually high. Here is some numbers to consider:
according to Chinese customs import from NZ to China in Jan-May 2024 compared to 2023 (this was stated in the article) - decreased (-26%), same period 2023 compared to 2022 - increase (+48%), same period 2024 compared to 2022 - increase (+9%)
Now, according to StatNZ export from NZ to China in Dec23-April24 (as Chinese statistic is about one month behind NZ) compared to the same period year earlier - decrease (-21%), same period 2023 compared to 2022 - increase (+73%) and same period 2024 compared to 2022 - increase (+36%)
So, I would not put too much emphasis on numbers in this article as they are clearly a bit out of line from average numbers. Plus, according to StatNZ in May export to China was well above long time average and ~30% above average in the pervious 5 months and that is not showing in Chinese customs statistics yet as they are about one month behind NZ statistic which I already mentioned before.
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