In 2023, France imported 150 million kilograms of milk with a fat content between 1-6%. The forecast for 2024 indicates a decline to 139.12 million kilograms, continuing to decrease through to 2028 where imports are expected to fall to 92.394 million kilograms. This represents a year-on-year decrease of 8.66% from 2024 to 2025, 9.27% from 2025 to 2026, 10.05% from 2026 to 2027, and 10.90% from 2027 to 2028. Overall, the compound annual growth rate (CAGR) from 2024 to 2028 forecasts an average annual decrease of approximately 10.30%.
Future trends to watch for:
- Potential policy changes affecting dairy imports due to environmental or economic factors.
- Shifts in consumer preferences towards alternative dairy products.
- Impact of technological advancements in the dairy industry that might affect production and processing efficiencies.
- Trade negotiations or tariffs affecting import costs.