In 2023, the import of sweetened milk and cream powder to China stood at a significantly lower value compared to the forecasted figures from 2024 onwards. The forecast indicates a steady growth in import value: reaching 91.018 million USD in 2024 and expected to grow consistently to 107.03 million USD by 2028. This reflects a year-on-year increase ranging between approximately 4.54% to 4.02% during this period, showcasing a promising upward trend.
Key trends to watch for include:
- Impact of China's changing dietary preferences and consumption patterns towards dairy products.
- Potential trade policy changes and their effects on import tariffs and regulations.
- Economic factors such as currency exchange rates and inflation that could influence import costs.