In 2023, global milk production at farm gate value showed varied trends across different countries. China led with $23.95B, reflecting a 6.93% year-on-year increase. Brazil followed with $11.71B but experienced a slight downturn of 0.25%. Japan's milk production value grew by 2.14% to $7.02B, and Canada saw a 1.42% rise to $5.73B. Colombia and South Korea saw minimal changes of -0.72% and 0.4%, respectively, reaching $2.43B and $1.98B. Kazakhstan and Israel experienced modest growths of 0.99% and 1.54%, reaching $1.93B and $0.91842B, respectively.
Looking ahead, the key trends to watch include the potential for continued strong growth in China, driven by increasing domestic demand and potential policy support. Meanwhile, Brazil may focus on stabilizing its production value amid fluctuations. Japan and Canada appear steady, projecting little yet consistent growth. Emerging markets like South Korea and Kazakhstan might explore technological advancements to enhance productivity. Israel's trend of modest growth may continue, given its advanced farming techniques. Monitoring these trends will be crucial in understanding the future dynamics of global milk production at farm gate value.
Top countries in Milk Production at Farm Gate by Country
| # | 8 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 23,950 | 2023 | +6.44% | +6.93% | View data |
| 2 | 2 Brazil | 11,710 | 2023 | +0.91% | -0.25% | View data |
| 3 | 3 Japan | 7,020 | 2023 | +0.85% | +2.14% | View data |
| 4 | 4 Canada | 5,730 | 2023 | +1.13% | +1.42% | View data |
| 5 | 5 Colombia | 2,430 | 2023 | +0.33% | -0.72% | View data |
| 6 | 6 South Korea | 1,980 | 2023 | +1.99% | +0.4% | View data |
| 7 | 7 Kazakhstan | 1,930 | 2023 | +1.83% | +0.99% | View data |
| 8 | 8 Israel | 918.42 | 2023 | +1.94% | +1.54% | View data |
