Key Market Indicators
Sri Lanka's animal feed import is projected to soar to approximately 47 million kilograms by 2028, marking an increase from around 40 million kilograms in 2023. This growth reflects an average annual rise of 2.8%. Historical data since 1999 indicates a consistent upward trend, with an average yearly increase of 4.9% in demand. On the export front, Sri Lanka's animal feed supply is expected to reach about 18 million kilograms by 2028, up from 16 million kilograms in 2023. This translates to an average annual growth rate of 2%. Since 1999, the nation's animal feed exports have seen an average annual increase of 3.2%. These figures underscore the growing demand and expanding supply chain in Sri Lanka's animal feed industry, highlighting its significant role in the agricultural sector.