Key Market Indicators
Montenegro's import of animal feed is projected to reach approximately 40.6 million kilograms by 2028, up from 38 million kilograms in 2023. This growth represents an average annual increase of 1%. Since 2011, the country's demand for animal feed has been rising at an average rate of 1.5% per year. On the export front, Montenegro is expected to see its animal feed exports climb to around 2.1 million kilograms by 2028, from 1.66 million kilograms in 2023. This results in a compound annual growth rate (CAGR) of 3.7%. Since 2012, the country's supply of animal feed has increased at an average annual rate of 3.5%. In the global ranking for 2023, Montenegro was the 76th largest exporter of animal feed. The Philippines ranked just above it with the same export quantity of 1.66 million kilograms. Leading the pack, Germany, Belgium, and the United States secured the second, third, and fourth spots, respectively.
