The US exports of condensed and evaporated whole milk are projected to decline over the next five years, with forecasts showing a decrease from 30.09 million pounds in 2024 to 26.11 million pounds by 2028. This represents a year-on-year decrease of roughly 3% from 2024 through 2028. The Compound Annual Growth Rate (CAGR) also demonstrates an average annual decline of approximately 3.5%. In 2023, actual exports stood at approximately 31.2 million pounds. These downward trends point towards a consistent contraction in export volumes.
Future trends to watch for include changes in global dairy consumption patterns, potential trade policy shifts, or innovations in dairy product offerings that could impact international demand dynamics for US exported dairy products. Monitoring international competition and exchange rates will also be crucial to understanding and predicting the export landscape.
