In 2023, China leads global dry whole milk powder consumption at 29.72 Thousand Metric Tons, followed by New Zealand at 26.97 and Brazil at 12.25. Algeria (4.72) and Argentina (3.5) are notable consumers too. Consumption trends show China (2.05%) and New Zealand (2.13%) with significant year-on-year increases. Conversely, Russia (-5.09%) and the Philippines (-13.65%) saw the largest declines. Over the last five years, Belarus had the highest CAGR of 3.71%, while Ukraine experienced a decline of -9.25% per year.
Future trends to watch include potential growth in emerging markets and shifts in trade policies impacting major exporters like New Zealand and Australia. Market demand in Asia, particularly Indonesia and China, is expected to remain strong.
Top countries in Dry Whole Milk Powder Consumption Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 29.72 | 2023 | -2.86% | +2.05% | View data |
| 2 | 2 New Zealand | 26.97 | 2023 | +14.64% | +2.13% | View data |
| 3 | 3 Brazil | 12.25 | 2023 | +7.85% | +1.43% | View data |
| 4 | 4 Algeria | 4.72 | 2023 | +3.85% | +1.96% | View data |
| 5 | 5 Argentina | 3.5 | 2023 | -10.71% | -0.97% | View data |
| 6 | 6 Indonesia | 2.71 | 2023 | 0% | +1.77% | View data |
| 7 | 7 Mexico | 2.24 | 2023 | 0% | +0.32% | View data |
| 8 | 8 Russia | 1.35 | 2023 | -3.75% | -5.09% | View data |
| 9 | 9 United States | 1.33 | 2023 | -3.8% | -0.77% | View data |
| 10 | 10 Australia | 1.31 | 2023 | -19.35% | -3.58% | View data |
