Key Market Indicators
Korea's import of milk powder is forecast to reach around 31 million kilograms by 2026, a 2.3% yearly increase since 2021, when the country imported 27 million kilograms. This marks a 5.7% yearly increase since 1993. In 2021, Korea ranked 26th in the world for milk powder imports, while Kazakhstan overtook with 27 million kilograms. The Philippines, Indonesia and Algeria were ranked 2nd, 3rd and 4th respectively. Korea's export of milk powder is expected to reach 63,690 kilograms by 2026, a 4% decline from 2021's 80,900 kilograms. Since 1994, Korean supply has risen 28.7% annually. In 2021, the country was ranked 75th in the world for milk powder exports, while Senegal overtook with 80,900 kilograms. Germany, New Zealand and France were ranked 2nd, 3rd and 4th respectively.
