Key Market Indicators
Vincentian animal feed imports are projected to plummet to 75,000 kilograms by 2028, down from 154,000 kilograms in 2023. This represents an average annual decline of 11.4%. The downward trend is not new; since 1998, Vincentian demand for animal feed has been decreasing at an annual rate of 7.7%. In contrast, Vincentian animal feed exports are on an upward trajectory. By 2028, exports are expected to reach approximately 10.4 million kilograms, up from about 9.7 million kilograms in 2023. This marks an annual growth rate of 1.1% in compound annual growth rate (CAGR). Over the past 25 years, Vincentian supply has seen a consistent increase of 2.1% annually. On the global stage, Germany, Belgium, and the United States rank as the second, third, and fourth largest exporters of animal feed, respectively.
