The import of animal feed to Thailand has demonstrated a consistent upward trend from 2013 to 2023, standing at 495.73 million US Dollars in 2023. The year-on-year variations indicate fluctuations, with significant growth in some years, such as 2017 at 15.29%, and more modest increases, as seen in 2023 at 3.09%. Over the last five years, the compound annual growth rate (CAGR) has averaged 3.59%. Looking ahead, the forecasted data from 2024 to 2028 suggests continued growth, with an average annual increase of 2.08% and an overall growth rate of 10.86% over this period.

As we move forward, several future trends to watch for include:

The impact of global economic conditions on import prices.
Developments in local agricultural policies and self-sufficiency measures.
Technological advancements in animal feed production which may influence import dynamics.
Market demand fluctuations associated with changes in livestock farming practices.