In 2023, the import value of live horses, excluding pure-bred breeding horses, into Canada was estimated at around 74 million USD. The forecast from 2024 to 2028 shows a consistent upward trend, with the value reaching over 80 million USD by 2028. The year-on-year growth rate increases steadily each year, with values rising modestly from approximately 1.7% to 1.9%, with a compound annual growth rate (CAGR) of just over 1.8% over the five-year period.
Future trends to watch for include potential economic factors affecting trade policies, fluctuations in demand for live horses, and any shifts in equestrian sports or industries that might influence imports. Additionally, changes in animal welfare regulations or logistics costs could impact future import dynamics.
