The import value of fermented milk products to Indonesia was valued at $28.492 million in 2024. This is forecasted to reach $30.713 million by 2028. The year-on-year variation shows a consistent increase: from 2024 to 2025 it is expected to grow by 2.01%, from 2025 to 2026 by 1.93%, from 2026 to 2027 by 1.86%, and from 2027 to 2028 by 1.78%. The average annual growth rate (CAGR) over this five-year period is approximately 1.90%. The import value stood at $27.823 million in 2023.
Future trends to watch for include:
- The impact of changing consumer preferences towards health and wellness on demand for fermented milk products.
- The effect of trade policies and tariff regulations between Indonesia and exporting countries.
- Developments in local production capabilities that could influence import levels.
- Any significant shifts in the global dairy market that could affect pricing and supply chains.