Key Market Indicators
Belize's import of animal feed is projected to decline to approximately 9.6 million kilograms by 2028, down from around 11.7 million kilograms in 2023. This represents an average annual decrease of 3.2%. The trend reflects a consistent annual decrease in demand of 3.1% since 1997. On the export front, Belize's animal feed shipments are expected to slightly decrease to 34.7 million kilograms by 2028 from 35.4 million kilograms in 2023. This marks a modest annual decline of 0.4%. Despite this slight downturn, Belize has seen a robust growth in supply, increasing by 8.1% annually since 1997. In 2023, Belize ranked 47th globally in animal feed exports, with Sweden surpassing it at 35.4 million kilograms. The top three exporters were Germany, Belgium, and the United States, respectively.
