Over the past decade, the value of horses exported from Brazil to the US has shown significant variation, with sharp increases and decreases. Starting at $1.74 million in 2013, the export value generally trended upwards, albeit with notable fluctuations. For instance, 2016 saw an impressive 103.97% growth, while 2020 experienced a major downturn with a -54.48% drop. Between 2020 and 2021, there was a robust recovery, leading to a significant increase by 2023 where the export value stood at $12.82 million, reflecting a 28.6% year-on-year growth in this last year. The last five years' Compound Annual Growth Rate (CAGR) was 21.32%. Forecasts for 2028 show expected growth up to $20.74 million, with a projected CAGR of 7.52% and an overall growth of 43.68% over the next five years.
Future trends to watch for:
- Potential market fluctuations due to economic conditions both in Brazil and the US.
- Changes in regulations and trade policies impacting horse exportation.
- Market demand for specific horse breeds or uses, such as for sports or work.
