Eastern Europe: Animal Feed Market 2024

Animal Feed Market Size in Eastern Europe

The East European animal feed market amounted to $X in 2022, surging by 7.9% against the previous year. The total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +69.0% against 2015 indices. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Animal Feed Production in Eastern Europe

In value terms, animal feed production rose sharply to $X in 2022 estimated in export price. The total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +84.9% against 2015 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 49% against the previous year. The level of production peaked in 2022 and is expected to retain growth in the immediate term.

Animal Feed Exports

Exports in Eastern Europe

For the third consecutive year, Eastern Europe recorded growth in overseas shipments of animal and pet feed, which increased by 6.1% to X tons in 2022. The total export volume increased at an average annual rate of +5.1% over the period 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 2013 with an increase of 14% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, animal feed exports rose notably to $X in 2022. Total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.9% 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 +91.7% against 2015 indices. The growth pace was the most rapid in 2018 when exports increased by 24%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

Hungary (X tons), Poland (X tons), the Czech Republic (X tons) and Lithuania (X tons) represented roughly 67% of total exports in 2022. Latvia (X tons) held an 8.1% share (based on physical terms) of total exports, which put it in second place, followed by Bulgaria (7.4%), Russia (6.6%) and Belarus (5.2%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Belarus (with a CAGR of +17.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest animal feed supplying countries in Eastern Europe were Poland ($X), Hungary ($X) and Bulgaria ($X), together comprising 59% of total exports. The Czech Republic, Belarus, Russia, Lithuania and Latvia lagged somewhat behind, together accounting for a further 37%.

Belarus, with a CAGR of +22.3%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, surging by 6.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2021 an increase of 15% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+3.8%), while the other leaders experienced more modest paces of growth.

Animal Feed Imports

Imports in Eastern Europe

In 2022, supplies from abroad of animal and pet feed was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 11%. As a result, imports reached the peak of X tons; afterwards, it flattened through to 2022.

In value terms, animal feed imports expanded modestly to $X in 2022. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 21%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Poland (X tons), Russia (X tons), Romania (X tons), Hungary (X tons), the Czech Republic (X tons), Lithuania (X tons) and Slovakia (X tons) represented roughly 84% of total imports in 2022.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +11.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest animal feed importing markets in Eastern Europe were Russia ($X), Poland ($X) and the Czech Republic ($X), together comprising 56% of total imports. Hungary, Romania, Lithuania and Slovakia lagged somewhat behind, together accounting for a further 26%.

Lithuania, with a CAGR of +9.1%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2021 when the import price increased by 16% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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