Australia and Oceania: Market for Preparations Used In Animal Feeding 2024

Market Size for Preparations Used In Animal Feeding in Australia and Oceania

After six years of growth, the preparations for animal feeding market in Australia and Oceania decreased by -0.1% to $X in 2022. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2021, and then reduced modestly in the following year.

Production of Preparations Used In Animal Feeding in Australia and Oceania

In value terms, preparations for animal feeding production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 17% against the previous year. The level of production peaked at $X in 2019; afterwards, it flattened through to 2022.

Exports of Preparations Used In Animal Feeding

Exports in Australia and Oceania

In 2022, shipments abroad of preparations used in animal feeding decreased by -24.6% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 24%. The volume of export peaked at X tons in 2021, and then dropped markedly in the following year.

In value terms, preparations for animal feeding exports expanded sharply to $X in 2022. Total exports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% 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 +100.2% against 2015 indices. The pace of growth appeared the most rapid in 2021 with an increase of 19% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Australia was the key exporter of preparations used in animal feeding in Australia and Oceania, with the volume of exports finishing at X tons, which was approx. 78% of total exports in 2022. It was distantly followed by New Zealand (X tons), committing a 20% share of total exports. Fiji (X tons) held a relatively small share of total exports.

Australia experienced a relatively flat trend pattern with regard to volume of exports of preparations used in animal feeding. At the same time, New Zealand (+6.0%) and Fiji (+3.4%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +6.0% from 2012-2022. New Zealand (+8.5 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -8.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest preparations for animal feeding supplying countries in Australia and Oceania were New Zealand ($X), Australia ($X) and Fiji ($X), together accounting for 100% of total exports.

New Zealand, with a CAGR of +15.9%, recorded 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

The export price in Australia and Oceania stood at $X per ton in 2022, increasing by 51% against the previous year. Export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, preparations for animal feeding export price increased by +62.6% against 2017 indices. As a result, the export 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 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 (+9.3%), while the other leaders experienced mixed trends in the export price figures.

Imports of Preparations Used In Animal Feeding

Imports in Australia and Oceania

In 2022, the amount of preparations used in animal feeding imported in Australia and Oceania fell to X tons, reducing by -4.3% against the previous year's figure. Total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +6.2% 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 +8.9% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 21%. The volume of import peaked at X tons in 2021, and then shrank modestly in the following year.

In value terms, preparations for animal feeding imports rose sharply to $X in 2022. Over the period under review, imports, however, recorded strong growth. The growth pace was the most rapid in 2021 with an increase of 19%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Australia (X tons) and New Zealand (X tons) prevails in imports structure, together generating 82% of total imports. It was distantly followed by Papua New Guinea (X tons), creating a 6.2% share of total imports. The following importers - Fiji (X tons), French Polynesia (X tons) and New Caledonia (X tons) - together made up 7.9% of total imports.

From 2012 to 2022, the biggest increases were recorded for Fiji (with a CAGR of +42.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constitutes the largest market for imported preparations used in animal feeding in Australia and Oceania, comprising 63% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 30% share of total imports. It was followed by French Polynesia, with a 1.9% share.

In Australia, preparations for animal feeding imports expanded at an average annual rate of +9.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+6.9% per year) and French Polynesia (+5.1% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, rising by 19% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: 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 (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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