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China’s Demand for Milk Powders Picks Up

ZISK

China continues to cut back on its purchases of milk powders in the global market, a worrying sign for dairy-exporting countries, especially Oceania. However, a shift in the type of dairy products that China continues to purchase could be good news for U.S. dairy exporters if trade wars don’t erupt under the new Trump administration.


According to China’s National Bureau of Statistics (NBS), the country’s economy grew an estimated 5% in 2024, driven by exports and investment. Betty Berning, analyst with the Daily Dairy Report, noted that while growth was better than analysts expected, “weak consumer spending coupled with the fallout from the real estate crisis remain ongoing concerns.”


China’s population also declined for the third year in a row in 2024, according to NBS. As the country’s population shrinks and ages, a declining workforce will create ongoing challenges for China’s economy, said Berning.


By Fran Howard

January 27, 2025

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