The export of horses from the US to Mexico exhibited significant volatility over the past decade. Starting from a high point in 2013, it peaked at nearly 145 thousand heads in 2014. However, a marked decline followed, reaching a low of 38.13 thousand heads in 2020. After this trough, the market rebounded with moderate growth, climbing to 70.02 thousand heads by 2023.
Recent trends highlight a positive trajectory, with the Y-o-Y variation for 2022 standing at 17.04% and 10.78% for 2023. Despite this recovery, the 5-year Compound Annual Growth Rate (CAGR) as of 2023 remains negative at -2.58%, indicating lingering challenges since 2013.
Looking forward, the forecasted data suggests a gradual upward trend with the CAGR expected to shift positively to 1.55% over the next five years, ultimately achieving a moderate growth rate of 8.01% by 2028.
Future Trends to Watch For:
- Changes in trade policies and regulations between the US and Mexico.
- Effects of economic conditions and purchasing power in Mexico impacting demand.
- Potential health and disease outbreaks among horse populations affecting supply.
- Advances in veterinary care and transportation technology.
- Environmental factors and impacts from climate change on breeding conditions.
