The import of milk powder to the US is forecasted to show a declining trend from 2024 through 2028. The year-on-year percentage variation reflects a gradual decrease, with each successive year seeing a reduction in import value. In comparison, the import value stood at [Value in 2023] million US dollars in 2023. The compound annual growth rate (CAGR) over this period indicates a slight negative trend, underscoring a consistent decline in imports over the five-year span.
Future trends to watch include:
- Changes in domestic production capabilities
- Fluctuations in international dairy market pricing
- Potential impacts of trade agreements or tariffs
- Shifts in consumer preferences towards alternative products
