Thailand's export of animal feed preparations has exhibited fluctuations over the last decade. From 2013 to 2023, volumes peaked in 2015 at 279.84 million kilograms, then declined significantly, reaching 221.38 million kilograms in 2023. Year-on-year variations indicated notable volatility, with high growth rates in some years (e.g., 15.98% in 2014) and declines in others (e.g., -13.98% in 2018). Overall, the average annual growth rate fluctuated, with the latest five-year CAGR standing at 1.63% by 2023.
The forecast data suggests slow growth, with a 5-year CAGR projected at just 0.2%. By 2028, export volumes are expected to reach 224.21 million kilograms.
Future trends to watch for:
- Possible impacts of global economic conditions on demand.
- Changes in agricultural practices and feed formulations.
- Export policy adjustments and trade partnerships.
- Technological advancements in feed production and logistics.
