Key Market Indicators
Nepal's animal feed export witnessed a dramatic decline in 2023, plummeting to approximately 4,200 kilograms from around 64,000 kilograms in 2022. This marks a staggering 93.5% drop compared to the previous year. The trend has been downward since 2014, with a yearly decline averaging 57.9%. On the import front, Nepal's animal feed demand is projected to reach about 66 million kilograms by 2028, up from roughly 56 million kilograms in 2023. This represents an average annual growth rate of 2.5% over the period. Since 2014, the country's demand for animal feed has increased by an average of 4.3% per year.
