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.
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