In 2013 there were more than 600 dairy producers in China. The revenue of main business was approximately CNY 280 billion, up by 14% YOY. The output volume of dairy products was 26.98 million tons, up by 6% YOY. Sales of the product also went up in recent years while the finished goods inventory fell drastically. By the end of December, total value of the finished goods inventory in the whole industry was CNY 6.38 billion, down by 7.47% YOY. It equals to the value of 610 thousand tons of products, which takes only 2.3% of the total output volume. It is indicated that the product is very popular in the market.
Research Report on China Dairy Industry, 2014-2018