In 2023, China and Mexico each imported 26.51 thousand metric tons of nonfat dry milk, leading the global market. Both countries saw year-on-year increases, with China at 7.39% and Mexico at 2.13%. Algeria and Indonesia followed, importing 11.93 and 11.6 thousand metric tons, respectively, with nominal growth. The Philippines also saw a slight increase to 10.6 thousand metric tons. Conversely, Russia and Taiwan experienced significant declines of 12.05% and 2.76%, respectively, while Japan and South Korea witnessed substantial drops in imports, down 28.09% and 22.48%, respectively.
Future trends to watch in the global nonfat dry milk market include potential growth in developing countries' imports, driven by increasing dairy consumption. Simultaneously, the influence of geopolitical tensions, such as in Russia and Ukraine, could further affect global trade patterns. Additionally, economic recovery post-pandemic and evolving dairy consumption patterns in major markets like China and Mexico will play a crucial role in shaping the market's future landscape.
Top countries in Nonfat Dry Milk Import Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 26.51 | 2023 | +19.4% | +7.39% | View data |
| 2 | 2 Mexico | 26.51 | 2023 | +20.12% | +2.13% | View data |
| 3 | 3 Algeria | 11.93 | 2023 | +9.09% | +1.51% | View data |
| 4 | 4 Indonesia | 11.6 | 2023 | -18.6% | +1.56% | View data |
| 5 | 5 Philippines | 10.6 | 2023 | -15.79% | +0.13% | View data |
| 6 | 6 Russia | 3.31 | 2023 | -9.09% | -12.05% | View data |
| 7 | 7 Brazil | 1.99 | 2023 | +20% | +0.68% | View data |
| 8 | 8 Taiwan | 1.33 | 2023 | -20% | -2.76% | View data |
| 9 | 9 Australia | 0.99 | 2023 | 0% | +2.9% | View data |
| 10 | 10 Japan | 0.66 | 2023 | -50% | -28.09% | View data |
