The historical data reveals significant fluctuations in the export of horses from Mexico to the US, with a notable low in 2020 at 1.03 thousand heads and a substantial recovery in 2021 with a 258.6% year-on-year increase. The year 2022 continued this upward trend with a 55.88% increase, followed by a further 34.74% rise in 2023 to stand at 7.75 thousand heads. Over the last five years up to 2023, the compound annual growth rate (CAGR) stands at 19.29%.
Looking forward, forecasted annual increases suggest a sustained growth with the CAGR projected at 8.43% over the next five years, reaching 13.32 thousand heads by 2028. This indicates strong growth prospects despite previous volatility.
Future trends to watch for:
- The impact of economic changes and trade policies between the US and Mexico.
- Developments in the equine industry, such as demand in sports and leisure sectors.
- Health and biosecurity measures affecting the movement of horses across borders.
