The forecast for the import of live horses, except pure-bred breeding, to the UK shows a consistent decline from 2024 to 2028. The volume, as expressed in thousand kilograms, is expected to decrease steadily each year. In 2023, the volume stood notably higher than the forecast figures, marking a downward trend for the subsequent years.
Year-on-year variations indicate a persistent decrease, with the percentage drop slightly intensifying over the five-year forecast period. The compound annual growth rate (CAGR) characterizes a diminishing trend averaging per year, underscoring a gradual but consistent reduction in imports.
Future trends to watch include potential shifts in trade policies, regulatory changes impacting equine welfare and transport within the UK, and the influence of international events or agreements on equine trade. Additionally, economic factors such as currency fluctuations and demand changes could further influence these import patterns.
