The production of skimmed cow milk in China has exhibited significant fluctuations over the past decade. In 2023, it stood at 1.7583 million metric tons. The year-on-year variation has largely been negative, barring occasional increments such as in 2014 and 2021. Over the last two years, the production saw slight declines, with a -1.07% decrease in 2022 and a -1.06% decrease in 2023. The compound annual growth rate (CAGR) over the last five years up to 2023 was -1.08%, indicating an average annual reduction in production volume.
Looking ahead, the forecast suggests a continued decline with the 5-year CAGR projected at -0.91%. By 2028, the total decrease in production is expected to be around -4.48% compared to current levels.
Future trends to watch for include potential shifts in consumer preferences towards alternative milk options, government interventions affecting dairy farming, and technological advancements in milk production. Monitoring these factors will be crucial to understanding and forecasting changes in the skimmed cow milk market in China.
