Eastern Asia: Market for Preparations Used In Animal Feeding 2025

Market Size for Preparations Used In Animal Feeding in Eastern Asia

The East Asian preparations for animal feeding market stood at $X in 2022, increasing by 2.8% against the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Preparations Used In Animal Feeding in Eastern Asia

In value terms, preparations for animal feeding production rose to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Preparations Used In Animal Feeding

Exports in Eastern Asia

In 2022, approx. X tons of preparations used in animal feeding were exported in Eastern Asia; growing by 2% compared with the year before. The total export volume increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by 18%. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, preparations for animal feeding exports expanded remarkably to $X in 2022. Total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 +89.0% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

China prevails in exports structure, finishing at X tons, which was approx. 86% of total exports in 2022. It was distantly followed by South Korea (X tons), creating a 7.7% share of total exports. Taiwan (Chinese) (X tons) and Japan (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to preparations for animal feeding exports from China stood at +3.3%. At the same time, South Korea (+6.8%) and Japan (+5.4%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +6.8% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. While the share of South Korea (+2.2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest preparations for animal feeding supplier in Eastern Asia, comprising 84% of total exports. The second position in the ranking was held by South Korea ($X), with a 6.5% share of total exports. It was followed by Taiwan (Chinese), with a 3.8% share.

In China, preparations for animal feeding exports expanded at an average annual rate of +5.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (+12.6% per year) and Taiwan (Chinese) (+3.3% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, with an increase of 9.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2021 an increase of 17%. Over the period under review, the export prices hit record highs in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+5.4%), while the other leaders experienced more modest paces of growth.

Imports of Preparations Used In Animal Feeding

Imports in Eastern Asia

For the eleventh year in a row, Eastern Asia recorded growth in purchases abroad of preparations used in animal feeding, which increased by 4% to X tons in 2022. Total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.2% 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 +65.5% against 2012 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 14%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, preparations for animal feeding imports expanded markedly to $X in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 +93.5% against 2015 indices. The pace of growth was the most pronounced in 2020 when imports increased by 21%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

South Korea represented the main importing country with an import of around X tons, which resulted at 42% of total imports. It was distantly followed by Japan (X tons), China (X tons) and Taiwan (Chinese) (X tons), together generating a 54% share of total imports. Hong Kong SAR (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +13.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest preparations for animal feeding importing markets in Eastern Asia were Japan ($X), China ($X) and South Korea ($X), together comprising 81% of total imports.

Among the main importing countries, China, with a CAGR of +17.4%, recorded the highest rates of growth with regard to 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

The import price in Eastern Asia stood at $X per ton in 2022, with an increase of 5.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2017 when the import price increased by 7.8% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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