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The Global Dairy Market
On this page, we provide with two graphs giving a general overview of the dairy industry's world market, in terms of the major exporting countries'export volume.
Considering the sum of the following products:
  1. HS 0406 - Cheese,
  2. HS 0405 - Butter,
  3. HS 040210 - SMP (Skimmed Milk Powder),
  4. HS 040221+040229 - WMP (Whole Milk Powder 26%),
  5. HS 040110+040120 - Bulk and pack. milk,
  6. HS 040130+040140+040150 - Cream,
  7. HS 0403 - Yogurt,
  8. HS 040291+040299 - Condensed milk,
  9. HS 190110 - Infant milk formula,
  10. HS 0404 - Whey Powder,
  11. HS 350110 - Casein,
  12. HS 350190 - Caseinates,

the first graph compares the quantity (tonnes), which is then translated by the second graph as an amount in USD ($US values).
 
Click to see the version of the chart in US$
Click to view the yearly charts
The graphs are showed together with tables that clearly display both quantity and values, Area by Area. Data is updated on an annual basis since it is incorporated within a framework of rapid evolution.
Indeed, when viewed in their global context, the following are found to be changing rapidly:
  • the supply of products placed on the international market in relation to the development of domestic demand (population/GDP) and the quantities of milk production;
  • demand for the same products (in relation to the purchasing country's change);
  • the measures taken by individual countries (in relation to political and strategic choices, customs protection policies, etc.);
  • climatic conditions (drought, floods, etc.);
  • exogenous events that can affect the dynamics of demand and supply (from epidemics to the quest for alternative energy sources, lifestyle changes, etc.)


    		•
    Exports of HS 040210, 040221+040229, 0405, 0406, 040110+040120,
    040130+040140+040150,0403, 040291+040299, 190110, 0404, 350110, 350190 *
    Quantities (Ton) - equivalent to 88% of Global Export
    Geographic Area
    AFRICA
    AMERICA - CENTRAL SOUTH AND THE CARIBBEAN
    ASIA
    ASIA - SOUTHEAST
    ASIA MIDDLE EAST
    EUROPE (Other - EXTRA EU-27)
    EUROPE - EU-27
    NORTHERN AMERICA
    OCEANIA
    TOTAL
    2022 Share
    265.737 1%
    1.097.805 6%
    343.361 2%
    1.586.023 8%
    311.239 2%
    2.013.479 10%
    7.232.345 37%
    2.812.853 14%
    4.121.879 21%
    19.784.722  
    2023 Share
    291.089 2%
    1.056.778 5%
    242.503 1%
    1.709.160 9%
    376.223 2%
    1.714.708 9%
    7.227.124 38%
    2.558.444 13%
    4.086.441 21%
    19.262.469  
    2024 Share
    266.440 1%
    1.089.904 6%
    395.551 2%
    1.794.233 9%
    399.114 2%
    1.735.989 9%
    7.136.930 36%
    2.629.148 13%
    4.170.598 21%
    19.617.907  
    % 24 su 23
    -8,47%
    +3,13%
    +63,11%
    +4,98%
    +6,08%
    +1,24%
    -1,25%
    +2,76%
    +2,06%
    +1,85%
    Last update: 29-10-2025
    * HS 040210: Skimmed Milk Powder (SMP)
       HS 040221+040229: Whole Milk Powder 26% (WMP)
       HS 0405: Butter
       HS 0406: Cheese
       HS 040110+040120: Bulk and pack. milk
       HS 040130+040140+040150: Cream
       HS 0403: Yogurt
       HS 040291+040299: Condensed milk
       HS 190110: Infant milk formula
       HS 0404: Whey Powder
       HS 350110: Casein
       HS 350190: Caseinates
    ** data refers to export value divided by export volume (last year)
    Source: IHS
    To find out which countries are among the reference geographical areas, click HERE
    Exports of HS 040210, 040221+040229, 0405, 0406, 040110+040120,
    040130+040140+040150,0403, 040291+040299, 190110, 0404, 350110, 350190 *
    Values (US$)
    Geographic Area
    AFRICA
    AMERICA - CENTRAL SOUTH AND THE CARIBBEAN
    ASIA
    ASIA - SOUTHEAST
    ASIA MIDDLE EAST
    EUROPE (Other - EXTRA EU-27)
    EUROPE - EU-27
    NORTHERN AMERICA
    OCEANIA
    TOTAL
    2022 Share
    453.730.331 1%
    3.725.101.338 5%
    1.184.026.754 2%
    4.322.972.778 6%
    317.809.085 0%
    5.102.770.179 7%
    28.849.321.154 41%
    8.851.471.490 12%
    18.343.234.823 26%
    71.150.437.932  
    2023 Share
    448.918.761 1%
    3.594.459.020 5%
    771.131.671 1%
    4.296.121.805 6%
    382.357.877 1%
    4.415.688.978 7%
    28.622.289.081 43%
    7.519.218.244 11%
    16.629.162.050 25%
    66.679.347.488  
    2024 Share
    474.226.106 1%
    3.601.724.678 5%
    1.084.958.627 2%
    4.553.274.636 7%
    497.106.112 1%
    4.597.374.823 7%
    28.373.030.665 42%
    7.700.151.076 11%
    16.931.079.421 25%
    67.812.926.145  
    % 24 su 23 US$ per tons **
    +5,64% 1.780
    +0,20% 3.305
    +40,70% 2.743
    +5,99% 2.538
    +30,01% 1.246
    +4,11% 2.648
    -0,87% 3.976
    +2,41% 2.929
    +1,82% 4.060
    +1,70%
    Last update: 29-10-2025
    * HS 040210: Skimmed Milk Powder (SMP)
       HS 040221+040229: Whole Milk Powder 26% (WMP)
       HS 0405: Butter
       HS 0406: Cheese
       HS 040110+040120: Bulk and pack. milk
       HS 040130+040140+040150: Cream
       HS 0403: Yogurt
       HS 040291+040299: Condensed milk
       HS 190110: Infant milk formula
       HS 0404: Whey Powder
       HS 350110: Casein
       HS 350190: Caseinates
    ** Data refers to export value divided by export volume (last year)
    Source: IHS
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