Key Market Indicators
Paraguay's import of animal feed is projected to experience steady growth over the next five years. By 2028, imports are expected to reach approximately 81 million kilograms, up from around 72 million kilograms in 2023. This represents an annual compound growth rate (CAGR) of 1.9%. Historical data shows that since 1994, the demand for animal feed in Paraguay has been increasing at an average rate of 3% per year. On the export front, Paraguay is also seeing a positive trend. Animal feed exports are forecasted to rise to about 8.2 million kilograms by 2028 from 7.3 million kilograms in 2023, marking an annual growth rate of 2% CAGR. Since 2004, the country's supply has grown at an average rate of 4.3% annually. In 2023, Paraguay ranked 68th globally in animal feed exports, with Switzerland surpassing it at 7.3 million kilograms. Leading the rankings were Germany, Belgium, and the United States, occupying the second, third, and fourth positions respectively.
