United Kingdom: Market for Preparations Used In Animal Feeding 2024

Market Size for Preparations Used In Animal Feeding in the UK

In 2022, the UK preparations for animal feeding market decreased by less than 0.1% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Preparations Used In Animal Feeding in the UK

In value terms, preparations for animal feeding production totaled $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 9.5%. Preparations for animal feeding production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Preparations Used In Animal Feeding

Exports from the UK

In 2022, the amount of preparations used in animal feeding exported from the UK expanded sharply to X tons, surging by 6.3% against the previous year. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 20%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, preparations for animal feeding exports rose to $X in 2022. The total export value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 21% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Ireland (X tons), Norway (X tons) and France (X tons) were the main destinations of preparations for animal feeding exports from the UK, together accounting for 43% of total exports.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +34.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preparations for animal feeding exported from the UK were Norway ($X), Ireland ($X) and France ($X), with a combined 37% share of total exports.

Among the main countries of destination, Norway, with a CAGR of +35.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average preparations for animal feeding export price stood at $X per ton in 2022, waning by -4% against the previous year. Over the period under review, the export price, however, recorded a slight increase. The growth pace was the most rapid in 2014 an increase of 13% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Preparations Used In Animal Feeding

Imports into the UK

After three years of decline, supplies from abroad of preparations used in animal feeding increased by 2.4% to X tons in 2022. The total import volume increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 30% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, preparations for animal feeding imports skyrocketed to $X in 2022. In general, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.3% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of 20% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Ireland (X tons), France (X tons) and the Netherlands (X tons) were the main suppliers of preparations for animal feeding imports to the UK, with a combined 50% share of total imports. Germany, Poland, Faroe Islands, the United States, Lithuania, Belgium, Denmark, Hungary, China and Brazil lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the biggest increases were recorded for Faroe Islands (with a CAGR of +376.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the Netherlands ($X) were the largest preparations for animal feeding suppliers to the UK, with a combined 42% share of total imports. Ireland, China, Poland, Faroe Islands, Lithuania, the United States, Hungary, Denmark, Belgium and Brazil lagged somewhat behind, together comprising a further 44%.

Among the main suppliers, Faroe Islands, with a CAGR of +276.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average preparations for animal feeding import price stood at $X per ton in 2022, surging by 16% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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