Key Market Indicators
**Argentina's Animal Feed Exports Plummet by 44% in 2023** In 2023, Argentina's animal feed exports totaled approximately 40 million kilograms, a significant drop from the 71 million kilograms recorded in 2022. This marks a sharp decline of around 44% compared to the previous year. Since 1998, Argentina has seen a consistent decrease in its animal feed supply, averaging a yearly decline of 21.5%. In the global rankings for 2023, Argentina fell to the 44th position. Japan surpassed Argentina with equivalent exports of approximately 40 million kilograms. Leading the rankings were Germany, Belgium, and the United States, in second, third, and fourth positions respectively. On the import front, Argentina's demand for animal feed is projected to grow modestly. By 2028, imports are expected to reach nearly 27 million kilograms, up from 25 million kilograms in 2023. This represents a compound annual growth rate (CAGR) of 1.1% year over year. Since 1998, Argentina's demand for animal feed has seen a gradual increase, averaging a yearly growth rate of 1.3%.
