EU: Market for Preparations Used In Animal Feeding 2024

Market Size for Preparations Used In Animal Feeding in the EU

The EU preparations for animal feeding market surged to $X in 2022, rising by 20% against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Preparations Used In Animal Feeding in the EU

In value terms, preparations for animal feeding production soared to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Preparations Used In Animal Feeding

Exports in the EU

After ten years of growth, shipments abroad of preparations used in animal feeding decreased by -0.6% to X tons in 2022. The total export volume increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 6.3% against the previous year. The volume of export peaked at X tons in 2021, and then declined in the following year.

In value terms, preparations for animal feeding exports reached $X in 2022. Total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.1% 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 +81.5% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of 19%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

The Netherlands (X tons) and Germany (X tons) represented the main exporters of preparations used in animal feeding in 2022, amounting to approx. 24% and 18% of total exports, respectively. France (X tons) ranks next in terms of the total exports with an 11% share, followed by Belgium (9%), Poland (5.9%), Hungary (5.3%) and Spain (4.9%). Italy (X tons), Austria (X tons), the Czech Republic (X tons), Denmark (X tons), Ireland (X tons) and Lithuania (X tons) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Poland (with a CAGR of +12.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest preparations for animal feeding supplying countries in the European Union were Germany ($X), the Netherlands ($X) and France ($X), with a combined 53% share of total exports. Poland, Belgium, Italy, Spain, Hungary, the Czech Republic, Austria, Denmark, Ireland and Lithuania lagged somewhat behind, together accounting for a further 43%.

In terms of the main exporting countries, Poland, with a CAGR of +19.1%, 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

In 2022, the export price in the European Union amounted to $X per ton, increasing by 3.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2021 an increase of 14%. The level of export peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+5.7%), while the other leaders experienced more modest paces of growth.

Imports of Preparations Used In Animal Feeding

Imports in the EU

In 2022, after two years of growth, there was decline in overseas purchases of preparations used in animal feeding, when their volume decreased by -2.5% to X tons. The total import volume increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 5.6%. Over the period under review, imports attained the maximum at X tons in 2021, and then contracted modestly in the following year.

In value terms, preparations for animal feeding imports dropped to $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +75.7% against 2015 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 17% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then dropped in the following year.

Imports by Country

The countries with the highest levels of preparations for animal feeding imports in 2022 were the Netherlands (X tons), Germany (X tons), Belgium (X tons), France (X tons), Poland (X tons), Ireland (X tons), Italy (X tons), Spain (X tons), Romania (X tons), Portugal (X tons), Hungary (X tons) and the Czech Republic (X tons), together amounting to 83% of total import.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +10.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and France ($X) were the countries with the highest levels of imports in 2022, together comprising 37% of total imports. Poland, Italy, Belgium, Spain, the Czech Republic, Ireland, Romania, Hungary and Portugal lagged somewhat behind, together comprising a further 43%.

Poland, with a CAGR of +14.5%, recorded the highest rates of growth with regard to the value of imports, in terms of 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

The import price in the European Union stood at $X per ton in 2022, surging by 2.4% against the previous year. Over the last decade, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2020 when the import price increased by 11%. Over the period under review, import prices attained the maximum in 2022 and is likely to see steady 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 Italy ($X per ton), while Ireland ($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 (+8.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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