Belgium: Market for Preparations Used In Animal Feeding 2024

Market Size for Preparations Used In Animal Feeding in Belgium

After two years of growth, the Belgian preparations for animal feeding market decreased by -98.7% to $X in 2022. Overall, consumption continues to indicate a sharp shrinkage. Over the period under review, the market reached the peak level at $X in 2021, and then reduced rapidly in the following year.

Production of Preparations Used In Animal Feeding in Belgium

In value terms, preparations for animal feeding production declined sharply to $X in 2022 estimated in export price. Overall, production showed a dramatic slump. The pace of growth was the most pronounced in 2013 when the production volume increased by 12% against the previous year. Preparations for animal feeding production peaked at $X in 2021, and then reduced sharply in the following year.

Exports of Preparations Used In Animal Feeding

Exports from Belgium

In 2022, the amount of preparations used in animal feeding exported from Belgium fell rapidly to X tons, reducing by -16.4% compared with 2021 figures. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 18% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, preparations for animal feeding exports shrank markedly to $X in 2022. Over the period under review, total exports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 41% against the previous year. The exports peaked at $X in 2021, and then reduced markedly in the following year.

Exports by Country

France (X tons), the Netherlands (X tons) and Germany (X tons) were the main destinations of preparations for animal feeding exports from Belgium, together accounting for 67% of total exports. Ireland, Denmark, Luxembourg and the UK lagged somewhat behind, together accounting for a further 8.5%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of +13.5%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and Germany ($X) constituted the largest markets for preparations for animal feeding exported from Belgium worldwide, together comprising 52% of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of +3.6%, saw the highest rates of growth with regard to 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, reducing by -5.9% against the previous year. Overall, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% 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 +42.9% against 2015 indices. The pace of growth was the most pronounced in 2020 an increase of 20% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Ireland ($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 the Netherlands (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Preparations Used In Animal Feeding

Imports into Belgium

In 2022, overseas purchases of preparations used in animal feeding decreased by -18.5% to X tons for the first time since 2015, thus ending a six-year rising trend. The total import volume increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 16%. Over the period under review, imports reached the peak figure at X tons in 2021, and then reduced remarkably in the following year.

In value terms, preparations for animal feeding imports reduced markedly to $X in 2022. In general, total imports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 49% against the previous year. Imports peaked at $X in 2021, and then dropped markedly in the following year.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest preparations for animal feeding supplier to Belgium, with a 70% share of total imports. Moreover, preparations for animal feeding imports from the Netherlands exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands stood at +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-1.9% per year) and Germany (+3.6% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of preparations used in animal feeding to Belgium, comprising 60% of total imports. The second position in the ranking was taken by France ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the Netherlands totaled +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-1.3% per year) and Germany (+1.9% per year).

Import Prices by Country

The average preparations for animal feeding import price stood at $X per ton in 2022, dropping by -7% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 28% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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