Key Market Indicators
Colombia's animal feed imports are projected to climb to approximately 127 million kilograms by 2028, up from 119 million kilograms in 2023. This represents an average annual growth rate of 1%. This marks a reversal from the trend since 1996, during which Colombian demand had declined by 0.6% annually. In contrast, Colombia's animal feed exports are expected to decrease slightly, reaching around 13.3 million kilograms by 2028, down from 13.6 million kilograms in 2023. This decline translates to a compound annual growth rate (CAGR) of -0.4%. The long-term trend since 1996 shows a more significant annual decrease of 1.8%. As of 2023, Colombia ranked 59th globally in animal feed exports, with Romania surpassing it at 13.6 million kilograms. Leading the global rankings were Germany, Belgium, and the United States, occupying the second, third, and fourth spots, respectively.
