Argentina: Market for Preparations Used In Animal Feeding 2024

Market Size for Preparations Used In Animal Feeding in Argentina

The Argentinian preparations for animal feeding market expanded modestly to $X in 2022, picking up by 2.5% against the previous year. Overall, consumption continues to indicate a pronounced increase. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Preparations Used In Animal Feeding in Argentina

In value terms, preparations for animal feeding production stood at $X in 2022 estimated in export price. Overall, production saw temperate growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 30% against the previous year. Preparations for animal feeding production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Preparations Used In Animal Feeding

Exports from Argentina

In 2022, shipments abroad of preparations used in animal feeding increased by 3.5% to X tons, rising for the second year in a row after five years of decline. Over the period under review, exports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 58% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, preparations for animal feeding exports soared to $X in 2022. In general, exports, however, showed a deep slump. The pace of growth was the most pronounced in 2013 when exports increased by 47%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Chile (X tons) was the main destination for preparations for animal feeding exports from Argentina, accounting for a 59% share of total exports. Moreover, preparations for animal feeding exports to Chile exceeded the volume sent to the second major destination, Uruguay (X tons), fourfold. The third position in this ranking was taken by Bolivia (X tons), with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Chile totaled -14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-7.8% per year) and Bolivia (+6.8% per year).

In value terms, Chile ($X) remains the key foreign market for preparations used in animal feeding exports from Argentina, comprising 52% of total exports. The second position in the ranking was held by Uruguay ($X), with an 11% share of total exports. It was followed by Bolivia, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value to Chile stood at -7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-2.9% per year) and Bolivia (+8.7% per year).

Export Prices by Country

The average preparations for animal feeding export price stood at $X per ton in 2022, picking up by 14% against the previous year. In general, the export price showed a resilient expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 36%. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Vietnam ($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 Chile (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Preparations Used In Animal Feeding

Imports into Argentina

In 2022, purchases abroad of preparations used in animal feeding decreased by -1% to X tons, falling for the second consecutive year after three years of growth. The total import volume increased at an average annual rate of +2.0% 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 2016 with an increase of 13%. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, preparations for animal feeding imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of preparations for animal feeding to Argentina, with a 55% share of total imports. Moreover, preparations for animal feeding imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Chile (X tons) ranked third in terms of total imports with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil stood at +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.5% per year) and Chile (+201.9% per year).

In value terms, Brazil ($X) constituted the largest supplier of preparations used in animal feeding to Argentina, comprising 45% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by the United States, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value from Brazil stood at +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.8% per year) and the United States (-10.6% per year).

Import Prices by Country

In 2022, the average preparations for animal feeding import price amounted to $X per ton, picking up by 25% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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