The forecasted export volume of butter and ghee from China demonstrates a gradual decline from 2024 through 2028, starting at 2.94 thousand metric tons and decreasing each successive year to 2.8 thousand metric tons. This suggests an average annual contraction based on compound annual growth rate (CAGR). In 2023, the recorded volume stood at a higher level compared to the forecast for 2024, indicating a persistent downward trend.
Future trends to watch for include:
- Fluctuations in global demand influenced by dietary trends and economic conditions, which could further impact China's export volume.
- Any policy changes within China or key import markets that could either hinder or enhance export opportunities.
- Innovation in product offerings and improvements in supply chain efficiency could counteract some of the decline.
- Environmental factors affecting dairy production, impacting raw material availability for butter and ghee.
