ASEAN: Market for Preparations Used In Animal Feeding 2025

Market Size for Preparations Used In Animal Feeding in ASEAN

The ASEAN preparations for animal feeding market amounted to $X in 2022, picking up by 3% against the previous year. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Preparations Used In Animal Feeding in ASEAN

In value terms, preparations for animal feeding production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 13% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Preparations Used In Animal Feeding

Exports in ASEAN

In 2022, the amount of preparations used in animal feeding exported in ASEAN rose slightly to X tons, surging by 4% against the year before. Total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +91.8% against 2012 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 30% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, preparations for animal feeding exports expanded remarkably to $X in 2022. Overall, exports saw a remarkable increase. The growth pace was the most rapid in 2020 when exports increased by 22%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Thailand was the largest exporting country with an export of about X tons, which accounted for 55% of total exports. Malaysia (X tons) held the second position in the ranking, followed by Indonesia (X tons), Singapore (X tons) and Vietnam (X tons). All these countries together took near 44% share of total exports.

Exports from Thailand increased at an average annual rate of +6.1% from 2012 to 2022. At the same time, Indonesia (+23.3%), Malaysia (+7.4%), Singapore (+5.9%) and Vietnam (+1.4%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +23.3% from 2012-2022. While the share of Indonesia (+7.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Thailand (-3.2 p.p.) and Vietnam (-5.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest preparations for animal feeding supplier in ASEAN, comprising 71% of total exports. The second position in the ranking was held by Singapore ($X), with an 8.2% share of total exports. It was followed by Malaysia, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand amounted to +10.0%. In the other countries, the average annual rates were as follows: Singapore (+3.9% per year) and Malaysia (+10.3% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, growing by 4.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The pace of growth was the most pronounced in 2018 when the export price increased by 11%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+4.6%), while the other leaders experienced more modest paces of growth.

Imports of Preparations Used In Animal Feeding

Imports in ASEAN

In 2022, preparations for animal feeding imports in ASEAN was estimated at X tons, growing by 3.3% on 2021. The total import volume increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 28%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, preparations for animal feeding imports amounted to $X in 2022. The total import value increased at an average annual rate of +4.9% over the period 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 2020 with an increase of 16% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Vietnam (X tons), Indonesia (X tons), the Philippines (X tons), Thailand (X tons), Malaysia (X tons), Lao People's Democratic Republic (X tons) and Singapore (X tons) represented roughly 95% of total imports in 2022.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +14.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), the Philippines ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 56% of total imports.

The Philippines, with a CAGR of +10.0%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, shrinking by -2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2021 when the import price increased by 15%. As a result, import price reached the peak level of $X per ton, and then dropped slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform