Denmark: Animal Feed Market 2024

Animal Feed Market Size in Denmark

The Danish animal feed market reduced to $X in 2022, shrinking by -4.3% against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Animal Feed Production in Denmark

In value terms, animal feed production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 35%. Animal feed production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Animal Feed Exports

Exports from Denmark

In 2022, shipments abroad of animal and pet feed decreased by -18.7% to X tons, falling for the second year in a row after nine years of growth. In general, total exports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +2.7% 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 -19.5% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 13%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, animal feed exports dropped significantly to $X in 2022. The total export value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. As a result, the exports reached the peak of $X, and then contracted rapidly in the following year.

Exports by Country

Germany (X tons), Norway (X tons) and Sweden (X tons) were the main destinations of animal feed exports from Denmark, together accounting for 30% of total exports. Italy, Poland, the UK, Iceland, Finland, Spain, Ukraine, Lithuania, China and the Netherlands lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the biggest increases were recorded for Iceland (with a CAGR of +24.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for animal feed exported from Denmark were Norway ($X), Germany ($X) and Sweden ($X), with a combined 32% share of total exports. Italy, Poland, Finland, the UK, Spain, China, the Netherlands, Ukraine, Lithuania and Iceland lagged somewhat behind, together accounting for a further 39%.

Among the main countries of destination, Ukraine, with a CAGR of +22.2%, saw the highest growth rate of the value of exports, 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, picking up by 4.3% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 15% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Iceland ($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 China (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Animal Feed Imports

Imports into Denmark

After two years of growth, overseas purchases of animal and pet feed decreased by -14.1% to X tons in 2022. In general, imports showed a perceptible reduction. The pace of growth was the most pronounced in 2014 with an increase of 49%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, animal feed imports totaled $X in 2022. Overall, total imports indicated a moderate 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 +28.6% against 2018 indices. The growth pace was the most rapid in 2014 when imports increased by 46%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of animal feed to Denmark, accounting for a 38% share of total imports. Moreover, animal feed imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by the Netherlands (X tons), with a 17% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to -11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+56.0% per year) and the Netherlands (+1.0% per year).

In value terms, Germany ($X) constituted the largest supplier of animal and pet feed to Denmark, comprising 41% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 20% share of total imports. It was followed by China, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+6.2% per year) and China (+49.9% per year).

Import Prices by Country

The average animal feed import price stood at $X per ton in 2022, surging by 20% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +8.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, animal feed import price increased by +49.1% against 2020 indices. The growth pace was the most rapid in 2013 an increase of 32% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Norway ($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 (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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