The forecast for the import of live pure-bred breeding horses to the UK shows a consistent upward trend from 2024 to 2028, starting at $537.51 million and reaching $550.39 million. In 2023, the imports were valued at a lower figure, marking an upward movement over the coming years. Each forecasted year shows a modest increase, with year-on-year variations: 2025 (0.61%), 2026 (0.60%), 2027 (0.58%), and 2028 (0.57%). The five-year CAGR suggests a steady average annual growth rate.
Future trends to watch for:
- Potential impacts of trade agreements on import costs and regulations.
- Influence of environmental and sustainability trends within the equine industry.
- Economic factors such as currency fluctuations and their effect on import valuation.