The import of butter to China has been forecasted to experience steady growth from 2024 to 2028, with a value increase from $888.7 million to $1045.5 million. Comparing this to the 2023 imports, the forecast reflects a significant upward trend driven by increasing demand. The year-on-year percentage change reveals a consistent rise of approximately 4-5% annually. Analyzing the compound annual growth rate (CAGR) over five years indicates a strong growth trajectory for butter imports into China.
Future trends to watch include:
- Rising domestic demand for high-quality dairy products.
- Potential tariff changes impacting import costs.
- Developments in trade relationships with key supplier countries.
- Shifts in consumer preferences influencing the dairy market.
