Key Market Indicators
South Korea's animal feed imports are projected to surge to approximately 926 million kilograms by 2028, up from around 779 million kilograms in 2023. This increase represents an average annual growth rate of 2.7%. Since 1993, the country's demand for animal feed has risen at an average rate of 3.4% per year. On the export front, South Korea is expected to reach nearly 130 million kilograms of animal feed by 2028, up from about 114 million kilograms in 2023. This marks a yearly growth rate of 2.1% on average. Since 1993, the country's supply of animal feed has increased by an average of 4% annually. In 2023, South Korea ranked 28th in global animal feed exports, with Portugal slightly ahead at 114 million kilograms. Germany, Belgium, and the United States occupied the second, third, and fourth spots, respectively, in this ranking.
