Key Market Indicators
Australia's imports of milk powder are projected to reach 28 million kilograms by 2026, an increase of 3.8% per year since 2021 when the country imported 22 million kilograms. Since 1993, demand has grown by 29% each year. In 2021, South Korea imported the most milk powder, with 22 million kilograms, while the Philippines, Indonesia and Algeria came in at second, third and fourth, respectively. Australia's exports of milk powder are estimated to reach 199 million kilograms by 2026, growing at an average rate of 0.8% per year since 2021 when the country exported 189 million kilograms. Since 1993, supply has grown by 2.6% each year. In 2021, Belgium imported the most milk powder, with 188 million kilograms, while Germany, New Zealand and France followed in second, third and fourth place, respectively.
