The import of milk with a fat content not exceeding 1% to China is forecasted to increase steadily from 2024 to 2028, with values rising annually. In 2023, the import volume stood at approximately 104.21 million kilograms. The year-on-year growth rates reveal a consistent upward trend over the forecasted period, averaging a compound annual growth rate (CAGR) of approximately 4.2% from 2024 to 2028. This indicates a robust demand for low-fat milk imports in China, driven by health-conscious consumers and a growing interest in diverse dairy products.
Future trends to watch for include:
- Rising consumer health awareness potentially increasing demand for low-fat products.
- Regulatory changes affecting dairy imports and market dynamics.
- Price competitiveness with local Chinese milk producers impacting import volumes.
- Technological and logistics improvements facilitating smoother import processes.