The forecast for Canada’s nonfat dry milk export remains steady from 2024 to 2028, at 32.0 thousand metric tons annually. By 2023, the export volume was already at 32.0 thousand metric tons, indicating zero growth or decline in projected exports over the five-year period. Year-on-year variation is consistently 0%, and the compound annual growth rate (CAGR) over the last five years also remains at 0%.
Future trends to watch:
- Global dairy market dynamics impacting Canadian exports.
- Trade policies and economic conditions influencing international demand.
- Technological advancements in milk processing potentially reshaping export capacities.
- Shifts in dietary trends or environmental policies affecting nonfat dry milk consumption.