Based on the forecasted data, imports of live horses, asses, mules, and hinnies to France are expected to grow steadily from 2024 through 2028. The value of these imports is projected to increase from $131.6 million in 2024 to $140.85 million in 2028. This represents an overall growth trend, with an average compound annual growth rate (CAGR) of approximately 1.7% over the five-year period.
In 2023, the import value stood at $130.2 million, indicating modest year-on-year growth rates leading up to the forecast period. The year-on-year increase from 2024 to 2028 showcases a steady upward trend, with variations typically in the range of around 1.8% to 2% annually.
Future trends to watch for include:
- Potential impacts of trade agreements or tariffs affecting import costs.
- Influence of changes in domestic demand, driven by equestrian events or agricultural needs.
- Competition from other importing nations and breeding programs within France impacting import volumes.
