China Dairy Outlook Through 2032: How Chinese Dairy Sector Development Will Impact Dairy Imports
China plays a critical role in global dairy markets as the world’s largest importer. In 2023, China’s annual import deficit is estimated at 11.9m metric tons liquid milk equivalent (LME). In the short term, the industry is rebalancing following a period of rapid domestic supply growth (from 30.4m metric tons in 2017 to 39.3m metric …