Canada: Animal Feed Market 2024

Animal Feed Market Size in Canada

The Canadian animal feed market reduced slightly to $X in 2022, almost unchanged from the previous year. In general, consumption, however, posted a resilient expansion. Animal feed consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Animal Feed Production in Canada

In value terms, animal feed production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of 36% against the previous year. Animal feed production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Animal Feed Exports

Exports from Canada

In 2022, shipments abroad of animal and pet feed increased by 2.5% to X tons, rising for the second year in a row after four years of decline. In general, exports, however, showed a slight slump. The pace of growth was the most pronounced in 2016 with an increase of 12%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, animal feed exports soared to $X in 2022. The total export value increased at an average annual rate of +2.8% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for animal feed exports from Canada, accounting for a 80% share of total exports. It was followed by the Netherlands (X tons), with a 2.3% share of total exports. The third position in this ranking was taken by France (X tons), with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at -1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+66.6% per year) and France (+24.5% per year).

In value terms, the United States ($X) remains the key foreign market for animal and pet feed exports from Canada, comprising 67% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 4.4% share of total exports. It was followed by France, with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+76.9% per year) and France (+37.8% per year).

Export Prices by Country

In 2022, the average animal feed export price amounted to $X per ton, growing by 13% against the previous year. In general, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, animal feed export price increased by +54.6% against 2016 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 18%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

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 Netherlands ($X per ton), while the average price for exports to the United States ($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 France (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Animal Feed Imports

Imports into Canada

In 2022, imports of animal and pet feed into Canada contracted to X tons, waning by -8.6% on the year before. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 9.8%. Over the period under review, imports reached the maximum at X tons in 2021, and then shrank in the following year.

In value terms, animal feed imports rose significantly to $X in 2022. Overall, total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% 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 +59.6% against 2014 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 16% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, the United States (X tons) constituted the largest animal feed supplier to Canada, accounting for a 89% share of total imports. Moreover, animal feed imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. Malaysia (X tons) ranked third in terms of total imports with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.7% per year) and Malaysia (-5.7% per year).

In value terms, the United States ($X) constituted the largest supplier of animal and pet feed to Canada, comprising 74% of total imports. The second position in the ranking was held by China ($X), with a 7.6% share of total imports. It was followed by France, with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.0% per year) and France (+0.8% per year).

Import Prices by Country

In 2022, the average animal feed import price amounted to $X per ton, growing by 23% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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