Key Market Indicators
Nicaragua's animal feed export is projected to rise to approximately 7.2 million kilograms by 2028, up from around 6 million kilograms in 2023. This marks a compound annual growth rate (CAGR) of 2.9%. Since 1998, the country's supply has increased by an average of 2.2% annually. In 2023, Nicaragua ranked 70th globally in animal feed exports, with Fiji narrowly ahead at just over 6 million kilograms. Germany, Belgium, and the United States held the second, third, and fourth positions, respectively. On the import front, Nicaragua's animal feed demand is anticipated to reach roughly 39.2 million kilograms by 2028, rising from about 32.2 million kilograms in 2023. This represents an average annual growth rate of 3.1%. Since 1998, Nicaraguan demand for animal feed has grown at an average of 5.4% per year.
