In 2023, the import of live horses, asses, mules, and hinnies to the US stood at 750 million USD in value. The data indicates a forecasted growth in imports from 2024 to 2028, with a consistent increase in value each year: 772.08 million USD in 2024, 795.03 million USD in 2025, 817.51 million USD in 2026, 839.55 million USD in 2027, and 861.14 million USD in 2028. The year-on-year percentage variations reflect a stable growth trend, with an average annual increase of approximately 2.70% over the next five years.
Future trends to watch for include:
- Economic factors affecting the equine industry, such as changes in trade policies and tariffs.
- Shifts in domestic demand for live equines for recreational, sporting, and agricultural purposes.
- Environmental and health regulations impacting the transport and importation of live animals.
- Potential advances in breeding and equine health that may influence import needs.