Australia and Oceania: Animal Feed Market 2024

Animal Feed Market Size in Australia and Oceania

The animal feed market in Australia and Oceania expanded remarkably to $X in 2022, with an increase of 6.5% against the previous year. Overall, consumption, however, continues to indicate a perceptible descent. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Animal Feed Production in Australia and Oceania

In value terms, animal feed production expanded sharply to $X in 2022 estimated in export price. In general, production, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 28%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Animal Feed Exports

Exports in Australia and Oceania

In 2022, overseas shipments of animal and pet feed decreased by -41.7% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 40% against the previous year. The volume of export peaked at X tons in 2021, and then dropped notably in the following year.

In value terms, animal feed exports fell to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 18%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Australia was the main exporting country with an export of around X tons, which resulted at 75% of total exports. It was distantly followed by New Zealand (X tons), achieving a 19% share of total exports. Fiji (X tons) followed a long way behind the leaders.

Exports from Australia decreased at an average annual rate of -2.4% from 2012 to 2022. At the same time, New Zealand (+8.0%) and Fiji (+3.6%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +8.0% from 2012-2022. While the share of New Zealand (+11 p.p.) and Fiji (+3.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (-14.5 p.p.) displayed negative dynamics.

In value terms, the largest animal feed supplying countries in Australia and Oceania were Australia ($X), New Zealand ($X) and Fiji ($X), together comprising 98% of total exports.

New Zealand, with a CAGR of +10.4%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, increasing by 56% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 New Zealand ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+2.2%), while the other leaders experienced a decline in the export price figures.

Animal Feed Imports

Imports in Australia and Oceania

In 2022, the amount of animal and pet feed imported in Australia and Oceania declined to X tons, waning by -6.7% against the year before. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +7.4% 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 +12.2% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 28%. The volume of import peaked at X tons in 2021, and then reduced in the following year.

In value terms, animal feed imports rose sharply to $X in 2022. Total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.2% 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 +18.7% against 2018 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 20%. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

The purchases of the three major importers of animal and pet feed, namely New Zealand, Australia and Papua New Guinea, represented more than two-thirds of total import. It was distantly followed by Fiji (X tons), constituting a 5.8% share of total imports. French Polynesia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Fiji (with a CAGR of +42.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), New Zealand ($X) and Papua New Guinea ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 91% of total imports. Fiji and French Polynesia lagged somewhat behind, together comprising a further 5.3%.

In terms of the main importing countries, Fiji, with a CAGR of +22.5%, recorded 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

In 2022, the import price in Australia and Oceania amounted to $X per ton, with an increase of 22% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2012; afterwards, it flattened through to 2022.

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 Australia ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by French Polynesia (+5.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :