In 2023, the import volume of skimmed milk powder with a fat content not exceeding 1.5% in immediate packings not exceeding 2.5 kg stood at approximately 1.7 million kilograms. From 2024 to 2028, forecasts suggest a continuous decline, with volumes decreasing from 1.4595 million kilograms in 2024 to 0.66617 million kilograms in 2028. This represents a year-on-year decline: 14.0% in 2025, 15.9% in 2026, 18.6% in 2027, and 22.3% in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is a decline of about 17.6% annually.
Future trends to watch for in this sector include:
- Potential shifts in international dairy trade policies due to regulatory changes.
- Impact of consumer preferences towards plant-based alternatives and health trends.
- Technological advancements in dairy processing and packaging that may influence import volumes.
