Denmark: Market for Preparations Used In Animal Feeding 2024

Market Size for Preparations Used In Animal Feeding in Denmark

The Danish preparations for animal feeding market expanded significantly to $X in 2022, increasing by 12% against the previous year. Overall, consumption, however, recorded a slight decline. Preparations for animal feeding consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Preparations Used In Animal Feeding in Denmark

In value terms, preparations for animal feeding production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, recorded a mild shrinkage. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Preparations Used In Animal Feeding

Exports from Denmark

In 2022, overseas shipments of preparations used in animal feeding decreased by -13.8% to X tons, falling for the second year in a row after seven years of growth. The total export volume increased at an average annual rate of +1.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 when exports increased by 8.2%. 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 declined to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 13%. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

Germany (X tons), Sweden (X tons) and Italy (X tons) were the main destinations of preparations for animal feeding exports from Denmark, with a combined 29% share of total exports. Norway, the UK, Ireland, Poland, France, Spain, Finland, Iceland, the Netherlands and Ukraine lagged somewhat behind, together comprising a further 46%.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +27.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Sweden ($X) and Germany ($X) appeared to be the largest markets for preparations for animal feeding exported from Denmark worldwide, together comprising 32% of total exports. Italy, the UK, Ireland, France, Poland, Spain, Finland, the Netherlands, Ukraine and Iceland lagged somewhat behind, together accounting for a further 42%.

In terms of the main countries of destination, Ireland, with a CAGR of +26.2%, recorded the highest rates of growth with regard to 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

In 2022, the average preparations for animal feeding export price amounted to $X per ton, rising by 4.4% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 14% against the previous year. Over the period under review, the average export prices attained the peak figure 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 Norway ($X per ton), while the average price for exports to Iceland ($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 Ukraine (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Preparations Used In Animal Feeding

Imports into Denmark

In 2022, preparations for animal feeding imports into Denmark reduced to X tons, falling by -10.7% compared with the previous year's figure. Overall, imports showed a pronounced downturn. The pace of growth appeared the most rapid in 2014 when imports increased by 38%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, preparations for animal feeding imports amounted to $X in 2022. In general, total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.1% 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 +58.0% against 2016 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 27% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest preparations for animal feeding supplier to Denmark, accounting for a 37% share of total imports. Moreover, preparations for animal feeding imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was held by China (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to -9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+2.3% per year) and China (+50.9% per year).

In value terms, Germany ($X) constituted the largest supplier of preparations used in animal feeding to Denmark, comprising 39% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 16% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+6.8% per year) and China (+44.0% per year).

Import Prices by Country

In 2022, the average preparations for animal feeding import price amounted to $X per ton, picking up by 13% against the previous year. Overall, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +7.4% 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 +97.2% against 2015 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 34%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Sweden ($X per ton), while the price for Norway ($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 (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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