Key Market Indicators
Azerbaijan's animal feed imports are projected to reach approximately 7.4 million kilograms by 2028, according to recent forecasts. This marks an increase from the estimated 6.6 million kilograms in 2023, reflecting a compound annual growth rate (CAGR) of 2%. Despite this upward trend, historical data reveals a different story. Since 2001, the country's demand for animal feed has seen a slight decline, decreasing by 0.9% annually. The shift in demand patterns indicates a recovery and growth phase in the Azerbaijani animal feed market, potentially driven by emerging agricultural policies and increased livestock production.