The forecasted data indicates a consistent upward trend in the import of live horses (except pure-bred breeding) to the US from 2024 to 2028. The import volume, starting at 25.666 million kilograms in 2024, is projected to increase annually, reaching 27.889 million kilograms by 2028. Compared to actual 2023 data, this forecast depicts a steady growth trajectory. From 2024 to 2025, there's an approximate year-on-year increase of 2.23%, and between 2027 and 2028, the increase is around 1.97%. The compound annual growth rate (CAGR) over the five years is fairly moderate, indicating a stable expansion.
Future trends to watch for:
- Potential regulatory changes affecting horse imports.
- Economic factors influencing the demand for live horses in the US.
- Developments in the equine industry that may impact import volumes.
