Key Market Indicators
**Spanish Animal Feed Sales Forecasted to Surge** Spanish Animal Feed Sales are projected to climb to approximately €17.9 billion by 2028, up from €16 billion in 2023. This marks an average annual growth rate of 1.8%. Since 2013, the Spanish market has experienced a steady increase, growing at an average rate of 2.5% per year. In the European context, Germany, France, and the Netherlands rank second, third, and fourth, respectively, in the animal feed market. **Spanish Animal Feed Exports on the Rise** Spain's animal feed exports are expected to reach around 711 million kilograms by 2028, up from 623 million kilograms in 2023. This represents an average annual growth rate of 2.1%. Since 1994, Spanish exports have seen a consistent rise of 3.1% per year. In 2023, Spain ranked eighth in global animal feed exports, with France surpassing Spain at 623 million kilograms. Germany, Belgium, and the United States held the second, third, and fourth positions, respectively. **Decline in Spanish Animal Feed Imports** Contrarily, Spanish animal feed imports are projected to drop to approximately 169 million kilograms by 2028, down from 201 million kilograms in 2023. This indicates an average annual decrease of 2.8%. Since 1994, Spanish demand for imported animal feed has declined by 3.6% annually.
