The forecast for the import of milk powder to China shows a steady increase, moving from 348.05 million kilograms in 2024 to 398.97 million kilograms in 2028. As of 2023, the actual import volume stood at approximately slightly less than the 2024 forecast figure, demonstrating continuous growth in the subsequent years.
- Year-on-year growth: 3.76% (2024 to 2025), 3.57% (2025 to 2026), 3.38% (2026 to 2027), 3.18% (2027 to 2028).
- 5-year CAGR: The average annual growth rate is approximately 3.47% from 2024 to 2028.
Future trends to watch for include the potential impact of domestic milk production policies, evolving consumer preferences towards dairy products, and global trade dynamics affecting import policies and prices. Continuous monitoring of these factors will be crucial to understanding and forecasting future patterns in milk powder imports to China.
