Key Market Indicators
Guatemala's animal feed export is projected to reach approximately 37.8 million kilograms by 2028, a slight increase from 37.3 million kilograms in 2023. This growth represents a compound annual growth rate (CAGR) of 0.2%. Historically, since 1998, the country's supply of animal feed has experienced a modest annual growth of 0.3%. In contrast, the nation's import of animal feed is set to rise more significantly. By 2028, imports are expected to hit nearly 39 million kilograms, up from about 34.6 million kilograms in 2023. This increase corresponds to an average annual growth rate of 1.9%. Since 1998, Guatemala's demand for imported animal feed has surged, showing an average yearly increase of 3%.