Brazil: Market for Preparations Used In Animal Feeding 2024

Market Size for Preparations Used In Animal Feeding in Brazil

The Brazilian preparations for animal feeding market was estimated at $X in 2022, standing approx. at the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the market value increased by 5.8% against the previous year. Preparations for animal feeding consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Preparations Used In Animal Feeding in Brazil

In value terms, preparations for animal feeding production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2022; 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 7.7% against the previous year. Preparations for animal feeding production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Preparations Used In Animal Feeding

Exports from Brazil

In 2022, approx. X tons of preparations used in animal feeding were exported from Brazil; waning by -3% on the previous year. Over the period under review, total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -3.9% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 33% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, preparations for animal feeding exports expanded sharply to $X in 2022. In general, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 32%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Chile (X tons), Colombia (X tons) and Uruguay (X tons) were the main destinations of preparations for animal feeding exports from Brazil, together comprising 39% of total exports. Turkey, Vietnam, Argentina, Bolivia, the Netherlands, Peru, Ecuador, Taiwan (Chinese), Spain and the United States lagged somewhat behind, together accounting for a further 40%.

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, the largest markets for preparations for animal feeding exported from Brazil were Chile ($X), Colombia ($X) and Argentina ($X), together comprising 35% of total exports. Uruguay, Bolivia, the United States, Turkey, Peru, Ecuador, the Netherlands, Taiwan (Chinese), Vietnam and Spain lagged somewhat behind, together comprising a further 33%.

The Netherlands, with a CAGR of +311.5%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 preparations for animal feeding export price stood at $X per ton in 2022, rising by 8.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The growth pace was the most rapid in 2021 an increase of 33% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Vietnam ($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.

Imports of Preparations Used In Animal Feeding

Imports into Brazil

In 2022, overseas purchases of preparations used in animal feeding decreased by -5.8% to X tons, falling for the second consecutive year after two years of growth. Overall, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +4.3% 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 -7.4% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 40%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, preparations for animal feeding imports expanded significantly to $X in 2022. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 +55.7% against 2016 indices. The most prominent rate of growth was recorded in 2020 with an increase of 18%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest preparations for animal feeding supplier to Brazil, accounting for a 42% share of total imports. Moreover, preparations for animal feeding imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was held by the United States (X tons), with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+1.3% per year) and the United States (-0.5% per year).

In value terms, China ($X) constituted the largest supplier of preparations used in animal feeding to Brazil, comprising 30% of total imports. The second position in the ranking was held by the Netherlands ($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 amounted to +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+6.6% per year) and the United States (+5.5% per year).

Import Prices by Country

The average preparations for animal feeding import price stood at $X per ton in 2022, surging by 15% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+31.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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