Canada: Market for Preparations Used In Animal Feeding 2024

Market Size for Preparations Used In Animal Feeding in Canada

The Canadian preparations for animal feeding market shrank to $X in 2022, waning by -1.8% against the previous year. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.5% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Preparations Used In Animal Feeding in Canada

In value terms, preparations for animal feeding production reduced slightly to $X in 2022 estimated in export price. Overall, the total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.7% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 33%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Preparations Used In Animal Feeding

Exports from Canada

In 2022, overseas shipments of preparations used in animal feeding decreased by -6.1% to X tons for the first time since 2011, thus ending a ten-year rising trend. The total export volume increased at an average annual rate of +2.8% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 11% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then declined in the following year.

In value terms, preparations for animal feeding exports reduced slightly to $X in 2022. In general, total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.0% 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 +97.4% against 2012 indices. The growth pace was the most rapid in 2020 with an increase of 17%. Over the period under review, the exports reached the peak figure at $X in 2021, and then declined slightly in the following year.

Exports by Country

The United States (X tons) was the main destination for preparations for animal feeding exports from Canada, accounting for a 54% share of total exports. Moreover, preparations for animal feeding exports to the United States exceeded the volume sent to the second major destination, China (X tons), sevenfold. Madagascar (X tons) ranked third in terms of total exports with a 3.7% share.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+54.2% per year) and Madagascar (+110.8% per year).

In value terms, the United States ($X) remains the key foreign market for preparations used in animal feeding exports from Canada, comprising 53% of total exports. The second position in the ranking was held by China ($X), with an 8.4% share of total exports. It was followed by the Netherlands, with a 3.1% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+42.0% per year) and the Netherlands (+31.4% per year).

Export Prices by Country

The average preparations for animal feeding export price stood at $X per ton in 2022, growing by 5.6% against the previous year. Over the last decade, it increased at an average annual rate of +4.1%. The pace of growth was the most pronounced in 2019 an increase of 10% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Madagascar ($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 Spain (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Preparations Used In Animal Feeding

Imports into Canada

In 2022, purchases abroad of preparations used in animal feeding decreased by -0.1% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, imports, however, posted a notable expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 50%. Over the period under review, imports hit record highs at X tons in 2021, and then declined slightly in the following year.

In value terms, preparations for animal feeding imports soared to $X in 2022. In general, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.7% 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 +88.9% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 18%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the United States (X tons) was the main supplier of preparations for animal feeding to Canada, accounting for a 91% share of total imports. It was followed by China (X tons), with a 2% share of total imports. The third position in this ranking was held by France (X tons), with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.1% per year) and France (+12.9% per year).

In value terms, the United States ($X) constituted the largest supplier of preparations used in animal feeding to Canada, comprising 85% of total imports. The second position in the ranking was held by Thailand ($X), with a 4.2% share of total imports. It was followed by China, with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+16.4% per year) and China (+4.8% per year).

Import Prices by Country

In 2022, the average preparations for animal feeding import price amounted to $X per ton, surging by 17% against the previous year. Over the period under review, the import price posted perceptible growth. The most prominent rate of growth was recorded in 2015 when the average import price increased by 83% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat 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 Thailand ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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