U.S. Animal Food Exports Drop in 2024, But Market Sees Decade of Growth
U.S. animal food exports witnessed a significant decline in 2024, dropping by X% to X tons. Despite this, the market has seen remarkable growth over the past decade, with notable increases in production, sales, and consumption.
The U.S. animal food market experienced a robust average annual growth rate of X% from 2013 to 2024. This growth was particularly pronounced in 2021, with a surge of X%. The market's sales value reached $X in 2024, up by X% from the previous year.
Production also flourished, reaching $X in 2024 with an average annual growth rate of X% since 2013. Consumption peaked in 2024 and is projected to maintain growth in the near future.
The U.S. saw a significant increase in animal food imports in 2024, rising by X% to X tons. These imports expanded notably in value, reaching $X in 2024. Meanwhile, exports, although down in 2024, had peaked at X tons in 2020.
The average animal food export price stood at $X per ton in 2024. The strongest growth in U.S. pet food exports from 2013 to 2024 was primarily in China, Canada, Mexico, and the European Union.
Despite a decrease in exports in 2024, the U.S. animal food market has demonstrated remarkable growth and resilience over the past decade. With a strong production sector, increased sales, and robust consumption, the market looks set to continue its growth trajectory in the coming years.
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