The export of animal feed preparations from Spain has shown consistent growth over the years. In 2023, the volume reached 622.84 million kilograms. The year-on-year variation for the past two years indicates a slight deceleration, with a growth rate of 3.26% in 2022 and 3.09% in 2023. Analyzing longer-term trends, the average annual growth rate (CAGR) over the last five years stood at 3.14%. Looking forward, the forecast indicates continued growth at a slower pace with a five-year CAGR of 2.08%, resulting in an overall increase of 10.86% by 2028.
Future trends to watch for include:
- Technological advancements in animal nutrition.
- Shifts in global trade policies and regulations.
- Increasing demand from emerging markets.
- Sustainability and environmental concerns shaping production methods.
