Key Market Indicators
Australian animal feed exports are projected to decline to approximately 82 million kilograms by 2028, down from around 100 million kilograms in 2023. This represents an average annual decrease of 3.1%. Despite this downward trend, Australia's supply of animal feed had grown by 3.1% per year since 1993. In 2023, Australia ranked 30th in the world, with Bulgaria surpassing it with the same amount of 100 million kilograms. Germany, Belgium, and the United States held the second, third, and fourth positions, respectively. Conversely, Australian animal feed imports are expected to rise. By 2028, imports are projected to reach nearly 185 million kilograms, up from around 154 million kilograms in 2023. This marks an average annual increase of 2.9%. Since 1993, Australia's demand for animal feed has consistently grown at the same annual rate of 2.9%.
