The analysis of horses exported to the US from the Netherlands shows significant fluctuations and a notable contraction over the past few years. From 2013 to 2017, the value of exports was generally increasing, reaching a peak in 2017. However, post-2017, the trend turned negative with significant drops in 2018, 2019, and 2020. Despite some recovery in 2021 and 2022, the overall yearly fluctuations highlight the market's volatility.
In 2023, the export value stood at $235.46 million, reflecting a 7.58% year-on-year increase. The forecast expects the value to stabilize and grow gradually, with a projected CAGR of 1.68% over the next five years, reaching $261.66 million by 2028.
Future trends to watch for:
- The impact of global economic conditions on discretionary spending.
- Changes in US equestrian sports and recreation popularity.
- Potential trade policies affecting import/export regulations.
- Health and logistical challenges in livestock transportation.
