Italy - Animal And Pet Feed - Market Analysis, Forecast, Size, Trends And Insights
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View PricingItaly Sees 5% Increase in Animal Feed Prices, Reaching $1,673 per Ton
Italy Animal Feed Export Price in June 2023
In June 2023, the animal feed price amounted to $1,673 per ton (FOB, Italy), rising by 5.3% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.2%. The pace of growth appeared the most rapid in November 2022 when the average export price increased by 14% month-to-month. Over the period under review, the average export prices attained the peak figure at $1,790 per ton in April 2023; however, from May 2023 to June 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($4,772 per ton), while the average price for exports to Myanmar ($508 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.
| COUNTRY | Export Price of Animal Feed in Italy (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | |
| Vietnam | 539 | 539 | 563 | 748 | 468 | 510 | 468 | 486 | 497 | 5,053 | 3,176 | 11,698 | 4,772 |
| Greece | 1,398 | 1,398 | 1,447 | 1,388 | 1,430 | 1,493 | 1,532 | 1,703 | 1,776 | 1,870 | 1,937 | 1,843 | 1,791 |
| Croatia | 1,426 | 1,512 | 1,462 | 1,467 | 1,508 | 1,600 | 1,614 | 1,568 | 1,611 | 1,602 | 1,722 | 1,772 | 1,726 |
| Spain | 1,946 | 2,043 | 1,792 | 1,544 | 1,875 | 2,070 | 1,760 | 1,704 | 1,993 | 2,065 | 2,149 | 2,052 | 1,601 |
| Austria | 627 | 520 | 576 | 542 | 511 | 628 | 580 | 618 | 571 | 558 | 638 | 583 | 614 |
| Philippines | 7,288 | 3,575 | 4,760 | 2,870 | 2,813 | 1,774 | 4,267 | N/A | 602 | 674 | 738 | 582 | 533 |
| Myanmar | 585 | 539 | 508 | 579 | 502 | 529 | 511 | 508 | 510 | 522 | 548 | 521 | 508 |
| Average | 1,445 | 1,437 | 1,416 | 1,308 | 1,468 | 1,676 | 1,775 | 1,681 | 1,553 | 1,660 | 1,790 | 1,589 | 1,673 |
Italy Animal Feed Exports
In June 2023, the amount of animal and pet feed exported from Italy was estimated at 34K tons, growing by 1.6% on the previous month. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 with an increase of 45% against the previous month.
In value terms, animal feed exports rose significantly to $57M (IndexBox estimates) in June 2023. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 when exports increased by 29% against the previous month.
Italy Animal Feed Exports by Country
Myanmar (4.5K tons), Indonesia (3.5K tons) and Croatia (3.3K tons) were the main destinations of animal feed exports from Italy, with a combined 33% share of total exports. These countries were followed by Albania, Ghana, the Philippines, Greece, Armenia, Russia, Austria, Spain, Algeria and Hungary, which together accounted for a further 38%.
From June 2022 to June 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of +51.7%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for animal feed exported from Italy were Croatia ($5.7M), Russia ($3.2M) and Greece ($2.5M), together comprising 20% of total exports. Indonesia, Albania, Myanmar, Algeria, Armenia, Spain, Hungary, Ghana, the Philippines and Austria lagged somewhat behind, together comprising a further 31%.
the Philippines, with a CAGR of +22.0%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the animal feed market in Italy. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10911010 - Premixtures for farm animal feeds
- Prodcom 10911033 - Preparations used for farm animal feeding (excluding premixtures): pigs
- Prodcom 10911035 - Preparations used for farm animal feeding (excluding premixtures): cattle
- Prodcom 10911037 - Preparations used for farm animal feeding (excluding premixtures): poultry
- Prodcom 10921060 - Preparations used for feeding pets (excluding preparations for cats or dogs, p.r.s.)
Country coverage:
- Italy
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Italy
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
