As of 2023, Canada’s re-import of live horses, asses, mules, and hinnies stood at a certain level, with projections pointing towards consistent growth from 2024 onwards. The forecast shows an increase from 758.81 thousand USD in 2024 to 879.31 thousand USD in 2028, indicating a healthy upward trend. Year-on-year growth rates highlight a gradual and steady rise in re-import values, showcasing positive momentum in the live equine trade sector. Over a five-year period up to 2028, the compound annual growth rate (CAGR) reflects a progressive increase in economic activity in this niche area.
Future trends to watch for include potential impacts of trade policies on this sector, shifts in demand for live equines due to changes in agricultural or sporting activities, and possible fluctuations in currency exchange rates affecting international trade dynamics. Keeping an eye on these factors will be crucial for understanding the trajectory of this market.
