The forecast data indicates a consistent year-on-year increase in the import of milk with fat content between 1-6% to China from 2024 to 2028. In 2023, the import volume stood at approximately 631.36 million kilograms. Forecasted volumes from 2024 show annual growth rates approaching 4% to 5% each year, reflecting steady demand. The compound annual growth rate (CAGR) over the forecast period indicates a robust annual average growth.
Future trends to watch include:
- Changes in domestic milk production in China that may affect import needs.
- Shifts in consumer preferences towards different fat content in milk.
- Trade policies or tariffs that could impact import costs and volumes.
