The import of milk and cream to China is expected to increase steadily from 1.2766 billion USD in 2024 to 1.505 billion USD in 2028. This steady growth trajectory indicates a robust increase in demand, with year-on-year growth rates averaging around 4% to 5% over the five-year forecast period. The consistent CAGR over the five years suggests strong market dynamics and increased consumption trends.
Future trends to watch for include:
- Rising consumer income levels contributing to increased dairy consumption.
- Potential supply chain improvements leading to more efficient import processes.
- The impact of government policies on dairy imports and local production.
- Changes in consumer preferences towards dairy products.
- Global dairy production trends affecting import prices and volumes.
