Chile: Market for Preparations Used In Animal Feeding 2024

Market Size for Preparations Used In Animal Feeding in Chile

The Chilean preparations for animal feeding market shrank to $X in 2022, reducing by -3.9% against the previous year. In general, consumption showed a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Preparations Used In Animal Feeding in Chile

In value terms, preparations for animal feeding production reduced to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when the production volume increased by 6.6% against the previous year. Preparations for animal feeding production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Preparations Used In Animal Feeding

Exports from Chile

In 2022, overseas shipments of preparations used in animal feeding were finally on the rise to reach X tons after three years of decline. In general, exports, however, saw a deep setback. The growth pace was the most rapid in 2014 when exports increased by 43%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, preparations for animal feeding exports expanded notably to $X in 2022. Over the period under review, total exports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 -22.4% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 39% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Peru (X tons) was the main destination for preparations for animal feeding exports from Chile, with a 49% share of total exports. Moreover, preparations for animal feeding exports to Peru exceeded the volume sent to the second major destination, China (X tons), fourfold. Japan (X tons) ranked third in terms of total exports with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume to Peru amounted to +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+9.8% per year) and Japan (-22.5% per year).

In value terms, Peru ($X) remains the key foreign market for preparations used in animal feeding exports from Chile, comprising 49% of total exports. The second position in the ranking was taken by Bolivia ($X), with a 15% share of total exports. It was followed by Argentina, with a 9.6% share.

From 2012 to 2022, the average annual growth rate of value to Peru stood at +17.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+11.6% per year) and Argentina (+68.8% per year).

Export Prices by Country

The average preparations for animal feeding export price stood at $X per ton in 2022, picking up by 14% against the previous year. In general, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +9.8% 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 +59.1% against 2020 indices. The pace of growth was the most pronounced in 2013 an increase of 58%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Japan ($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 Australia (+20.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Preparations Used In Animal Feeding

Imports into Chile

Preparations for animal feeding imports into Chile contracted to X tons in 2022, falling by -5.6% on 2021 figures. Overall, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 76% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, preparations for animal feeding imports rose 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 +1.1% 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 +90.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 67% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

Argentina (X tons), Brazil (X tons) and the United States (X tons) were the main suppliers of preparations for animal feeding imports to Chile, with a combined 75% share of total imports. The UK, the Netherlands, France, Spain, the Czech Republic, Germany and China lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +116.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Brazil ($X) and the United States ($X) constituted the largest preparations for animal feeding suppliers to Chile, together accounting for 64% of total imports. The Netherlands, China, Spain, the Czech Republic, France, the UK and Germany lagged somewhat behind, together comprising a further 27%.

Among the main suppliers, the Czech Republic, with a CAGR of +120.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average preparations for animal feeding import price amounted to $X per ton, growing by 21% against the previous year. Over the period under review, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +9.0% 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 import price increased by +121.8% against 2016 indices. The pace of growth appeared the most rapid in 2013 an increase of 69% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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