The value of horses exported from the US to the Netherlands has observed significant fluctuations over the years. In 2013, the export value stood at $12.5 million but saw a steep decline by 2020, reaching a low of $4.16 million. However, there has been a recovery trend from 2021 onwards, with values rising to $6.18 million in 2021 and continuing to increase to $7.49 million in 2023.
Year-on-year variations in the most recent years saw: * 2022: 12.1% increase * 2023: 8.01% increase
Over the past five years, the compound annual growth rate (CAGR) averaged around 3.7%, signaling a rebound in the market.
From 2024 onwards, based on forecast data, the export value is expected to grow steadily, reaching $8.12 million by 2028. The forecasted five-year CAGR is a modest 1.3%, suggesting moderate growth.
Future trends to watch for include potential market regulations in the Netherlands, changes in transportation costs, and shifts in demand for American horses driven by economic or cultural factors.
