Key Market Indicators
New Caledonia is poised to see a significant increase in its animal feed imports over the next five years. According to recent projections, imports are expected to rise from approximately 3.48 million kilograms in 2023 to nearly 3.78 million kilograms by 2028. This reflects a compound annual growth rate (CAGR) of 1.3%. Since 2004, the demand for animal feed in New Caledonia has experienced a steady climb, averaging a 2% increase year on year. This trend underscores the growing need for animal feed in the territory, likely driven by expanding livestock industries and evolving agricultural practices. While imports are on the rise, New Caledonia's animal feed exports have shown a different trajectory. The territory exported around 30,030 kilograms in 2015, a dramatic increase from just 4,400 kilograms in 2014. This represents an astonishing growth rate of 582% over the one-year period. However, despite the spike in 2015, the long-term trend for animal feed exports from New Caledonia has been less favorable. Since 2004, the supply for export has decreased by an average of 20.1% annually. This decline suggests a shift in the local market dynamics, possibly due to increased domestic consumption or changes in production capacity.
