Key Market Indicators
In 2023, Botswana's animal feed exports plummeted to approximately 57,000 kilograms, a significant drop from the previous year's 105,000 kilograms. This represents a 45.7% decrease compared to 2022. The downward trend has been ongoing since 2005, with an annual decline averaging 8.3%. In the global rankings for 2023, Botswana secured the 89th position. Zimbabwe surpassed Botswana with similar export figures of around 57,000 kilograms. The top three spots were claimed by Germany, Belgium, and the United States, respectively. On the import front, Botswana's animal feed import is projected to hit nearly 28 million kilograms by 2028, down from about 30 million kilograms in 2023. This indicates a compound annual growth rate (CAGR) decline of 1.3%. Since 2005, the country's demand for animal feed has been decreasing by an average of 2% annually.
