In 2023, New Zealand led global dry whole milk powder production with a stable share, followed by China, which grew by 4.02% year-on-year. Brazil and the United States saw slight declines, while Argentina and Chile experienced modest increases. Indonesia and Australia faced significant decreases, with declines of 5.51% and 13.79% respectively. Notably, Belarus recorded a significant positive change of 3.71%. Overall, the five-year compound annual growth rates indicate a diverse range of performances, pointing to differing trends and market factors affecting each nation's production capacity and strategy.
Looking ahead, important trends to monitor include potential shifts in production dynamics due to environmental policies in major producing countries like New Zealand and China. Additionally, economic conditions in Brazil and technological advancements in Argentina could significantly impact future production capabilities and global share shifts.
Top countries in Dry Whole Milk Powder Production Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 New Zealand | 32.33 | 2023 | +3.57% | 0% | View data |
| 2 | 2 China | 26.2 | 2023 | +11.9% | +4.02% | View data |
| 3 | 3 Brazil | 12.62 | 2023 | -0.35% | -0.66% | View data |
| 4 | 4 Argentina | 4.91 | 2023 | -8.33% | +2.76% | View data |
| 5 | 5 Mexico | 2.79 | 2023 | +0.81% | +0.99% | View data |
| 6 | 6 Chile | 1.63 | 2023 | +2.82% | +3.32% | View data |
| 7 | 7 United States | 1.38 | 2023 | 0% | -0.94% | View data |
| 8 | 8 Indonesia | 1.36 | 2023 | +3.39% | -5.51% | View data |
| 9 | 9 Belarus | 1.34 | 2023 | +5.26% | +3.71% | View data |
| 10 | 10 Russia | 1.23 | 2023 | 0% | -0.36% | View data |
