The analysis of horses exported to the US by Canada indicates a mixed growth trend over the past decade. From 2013 to 2017, there was a significant upward trajectory peaking at a high growth rate in 2016. However, this was followed by a notable decline in 2018, a pattern that showed some recovery into 2019. The pandemic year of 2020 saw a dip, with slight recovery signs in 2021 and 2022. As of 2023, the value stood at 57.45 million USD, marking a modest growth. The 5-year CAGR leading up to 2023 reflects a 3.97% growth rate. Looking ahead, the forecast projects a steady continuous growth with an average annual increase of 1.79%, reaching 64.31 million USD by 2028.
Future trends to watch for:
• Potential disruptions or boosts from trade policies
• Fluctuations in demand and economic conditions in the US
• Effects of new equine-related developments or healthcare measures
• Monitoring the impact of international competition or market saturation.
