In 2023, New Zealand dominated the global dry whole milk powder export market with a substantial lead, accounting for 74.98 thousand metric tons. Argentina and Australia followed, contributing 5.9 and 1.97 thousand metric tons respectively. Noteworthy growth was observed in the exports from China with a 20.11% increase, while Mexico saw a significant dip of 38.64%. Overall, the market witnessed mixed trends with China's rapid growth contrasting against declines in countries like Ukraine and Mexico.
Future trends to watch include potential shifts in production and export strategies from key players like New Zealand, and the expanding role of China in the market. Additionally, regional economic developments and international trade policies could significantly impact these dynamics moving forward.
Top countries in Dry Whole Milk Powder Export Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 New Zealand | 74.98 | 2023 | +14.83% | +2.18% | View data |
| 2 | 2 Argentina | 5.9 | 2023 | -22.08% | -2.33% | View data |
| 3 | 3 Australia | 1.97 | 2023 | -31.03% | -6.17% | View data |
| 4 | 4 Belarus | 1.97 | 2023 | +11.11% | +3.92% | View data |
| 5 | 5 United States | 1.72 | 2023 | -10.26% | -6.12% | View data |
| 6 | 6 Chile | 0.29 | 2023 | -45.45% | +8.45% | View data |
| 7 | 7 China | 0.25 | 2023 | +66.67% | +20.11% | View data |
| 8 | 8 Ukraine | 0.098 | 2023 | -33.33% | -12.94% | View data |
| 9 | 9 Mexico | 0.098 | 2023 | 0% | -38.64% | View data |
| 10 | 10 Russia | 0.098 | 2023 | 0% | View data |
