The year 2023 saw significant nonfat dry milk imports led by China and Mexico, each importing 400 thousand metric tons, with slight increases of 7.39% and 2.13% respectively. Algeria, Indonesia, and the Philippines followed with modest imports, each displaying minimal growth except for a small decline in the Philippines. Russia experienced a notable decrease of 12.05%, mirroring the declines in Japan and South Korea by 28.09% and 22.48% respectively. Other countries showed varied performance, with moderate increases or stability in imports.
Future trends in global nonfat dry milk imports may hinge on international trade policies, demand shifts in key consumer countries, and production capabilities. Monitoring economic developments and potential regulatory changes in large importers like China and Mexico could provide early indications of market movements.
Top countries in Nonfat Dry Milk Import by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 400 | 2023 | +19.4% | +7.39% | View data |
| 2 | 2 Mexico | 400 | 2023 | +20.12% | +2.13% | View data |
| 3 | 3 Algeria | 180 | 2023 | +9.09% | +1.51% | View data |
| 4 | 4 Indonesia | 175 | 2023 | -18.6% | +1.56% | View data |
| 5 | 5 Philippines | 160 | 2023 | -15.79% | +0.13% | View data |
| 6 | 6 Russia | 50 | 2023 | -9.09% | -12.05% | View data |
| 7 | 7 Brazil | 30 | 2023 | +20% | +0.68% | View data |
| 8 | 8 Taiwan | 20 | 2023 | -20% | -2.76% | View data |
| 9 | 9 Australia | 15 | 2023 | 0% | +2.9% | View data |
| 10 | 10 Japan | 10 | 2023 | -50% | -28.09% | View data |
