In 2023, the import of live horses except pure-bred breeding to Japan stood at a certain valuation. The forecast from 2024 indicates a gradual increase in value from 103.51 million USD to 110.45 million USD by 2028. This reflects an overall positive trend with a consistent year-on-year growth.
- 2024: 103.51 million USD
- 2025: 105.3 million USD
- 2026: 107.05 million USD
- 2027: 108.77 million USD
- 2028: 110.45 million USD
The compound annual growth rate (CAGR) over the five-year period suggests steady development in the market for import of live horses, except pure-bred, to Japan.
Future trends to watch for include potential changes in trade policies, economic shifts affecting equestrian sports and recreational activities, and developments in breeding technologies that may impact the demand for imported live horses in Japan.
