Brazil: Animal Feed Market 2024

Animal Feed Market Size in Brazil

The Brazilian animal feed market contracted slightly to $X in 2022, declining by -2.3% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Animal Feed Production in Brazil

In value terms, animal feed production declined slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 11%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Animal Feed Exports

Exports from Brazil

In 2022, exports of animal and pet feed from Brazil rose rapidly to X tons, surging by 13% compared with 2021 figures. Over the period under review, total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +7.6% 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 +32.0% against 2019 indices. The growth pace was the most rapid in 2017 when exports increased by 40% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, animal feed exports rose remarkably to $X in 2022. Overall, exports saw a remarkable increase. The growth pace was the most rapid in 2013 with an increase of 37% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

Exports by Country

Paraguay (X tons), Chile (X tons) and Turkey (X tons) were the main destinations of animal feed exports from Brazil, with a combined 39% share of total exports. Vietnam, Colombia, Uruguay, Argentina, the Netherlands, Bolivia, Ecuador, Peru, Taiwan (Chinese) and Spain lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +286.5%), while the other leaders experienced more modest paces of growth.

In value terms, Paraguay ($X), Chile ($X) and Colombia ($X) appeared to be the largest markets for animal feed exported from Brazil worldwide, together accounting for 38% of total exports. Argentina, Uruguay, Turkey, Bolivia, Peru, Ecuador, the Netherlands, Taiwan (Chinese), Vietnam and Spain lagged somewhat behind, together comprising a further 38%.

The Netherlands, with a CAGR of +311.5%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average animal feed export price stood at $X per ton in 2022, with a decrease of -6.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2021 when the average export price increased by 34%. As a result, the export price attained the peak level of $X per ton, and then contracted 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 Argentina ($X per ton), while the average price for exports to Vietnam ($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 the Netherlands (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Animal Feed Imports

Imports into Brazil

In 2022, supplies from abroad of animal and pet feed decreased by -3.9% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -7.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 38% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, animal feed imports rose markedly to $X in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +54.0% against 2016 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 18%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of animal feed to Brazil, accounting for a 43% share of total imports. Moreover, animal feed imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The United States (X tons) ranked third in terms of total imports with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+1.3% per year) and the United States (-0.1% per year).

In value terms, China ($X) constituted the largest supplier of animal and pet feed to Brazil, comprising 30% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 13% share of total imports. It was followed by the United States, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+6.6% per year) and the United States (+5.7% per year).

Import Prices by Country

In 2022, the average animal feed import price amounted to $X per ton, picking up by 14% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Paraguay ($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 (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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