The export of animal feed preparations from the UK has demonstrated a robust growth trajectory. In 2023, the export volume stood at 611.09 million kilograms, marking a consistent increase over the years. The year-on-year variation over the last two years showed a 2.32% rise in 2023 and a 2.43% increase in 2022. The compound annual growth rate (CAGR) over the past five years averaged at 2.33%, indicating steady growth.
Looking ahead, forecasted data suggests continued growth, albeit at a slightly moderated pace. The five-year forecast CAGR stands at 1.6%, with an anticipated overall growth rate of 8.28% by 2028.
Future trends to watch for:
- Regulatory changes impacting export policies.
- Shifts in global demand for animal feed preparations.
- Advancements in feed preparation technologies.
