Over the past decade, the number of horses exported from the US to Canada has experienced significant fluctuations. From a high of 46.39 thousand heads in 2015, the figures saw a sharp decline to 22.45 thousand heads in 2020, reflecting retraction phases marked by double-digit Y-o-Y decreases, most notably in 2016 and 2017. From 2021 onwards, there has been a gradual recovery trend with Y-o-Y increases observed consistently.
Key observations:
- 2013-2020: An overall declining trend, with some years experiencing substantial drops as high as -36.05% in 2017.
- 2021-2023: Period of mild recovery with positive Y-o-Y increments averaging around 3-4%.
- 2024-2028 (Forecasted): Expected to maintain a steady growth rate with a forecasted 5-year CAGR of 2.26%, culminating in 28.63 thousand heads by 2028.
Future trends to watch for include market dynamics relating to trade policies between the US and Canada, potential shifts in demand for horse exports linked to economic factors, and impacts of technological advancements in logistics and animal welfare standards being possibly implemented.
