Key Market Indicators
China's animal feed imports are projected to reach approximately 170 million kilograms by 2028, up from around 156 million kilograms in 2023. This marks an annual growth rate of 1.3%. Since 1997, the demand for animal feed in China has increased by an average of 2.1% each year. On the export front, China's animal feed exports are expected to hit about 1.65 billion kilograms by 2028, rising from 1.41 billion kilograms in 2023. This represents an annual growth rate of 2.5%. Since 1997, the supply of animal feed from China has grown at an average rate of 3.4% per year. In 2023, China was ranked fifth in animal feed exports, with the United States surpassing it at 1.41 billion kilograms. Germany, Belgium, and the United States held the second, third, and fourth spots, respectively, in this ranking.