Key Market Indicators
Portuguese Animal Feed Sales are projected to reach approximately €1.7 billion by 2028, up from around €1.6 billion in 2023, marking an annual growth rate of 0.7%. Since 2013, the market has seen a steady increase of 1% each year. In 2023, Portugal ranked 14th in the global market, with Austria leading slightly ahead at €1.6 billion. Germany, France, and the Netherlands secured the 2nd, 3rd, and 4th spots respectively. The country's Animal Feed Imports are expected to decline slightly, reaching around 220 million kilograms by 2028 from 226 million kilograms in 2023, showing an average annual decrease of 0.4%. Since 1993, the demand in Portugal has decreased by 0.9% annually. Conversely, Portuguese Animal Feed Exports are anticipated to grow, reaching roughly 135 million kilograms by 2028 from 116 million kilograms in 2023, with an annual growth rate of 2.3%. Since 1993, the country's export supply has increased by 3.2% each year. In 2023, Portugal ranked 27th globally, with Norway surpassing it at 116 million kilograms. Germany, Belgium, and the United States held the 2nd, 3rd, and 4th positions respectively in this ranking.
