Between 2013 and 2023, China's export of animal feed preparations has shown a noticeable upward trend, with periodic fluctuations. The volume stood at 1,408.6 million kilograms in 2023, reflecting a 3.33% year-on-year increase from 2022. The previous two years' average annual growth rate (CAGR) was 3.35%. Projections indicate continuous growth, with the forecasted export volume reaching 1,646.0 million kilograms by 2028. The average annual growth rate (CAGR) for the next five years is forecasted to be 2.45%, indicating a somewhat slower but steady increase with a cumulative growth rate of 12.86%.
Trends to watch for in the future include potential impacts of global trade policies, changes in the international demand for animal feed, and advancements in feed technology that could affect production efficiency and export volumes.
