Europe: Animal Feed Market 2024

Animal Feed Market Size in Europe

After two years of decline, the Europe animal feed market increased by 16% to $X in 2022. The market value increased at an average annual rate of +4.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Animal Feed Production in Europe

In value terms, animal feed production rose sharply to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by 22% against the previous year. Over the period under review, production reached the peak level in 2022 and is likely to see gradual growth in the immediate term.

Animal Feed Exports

Exports in Europe

In 2022, exports of animal and pet feed in Europe was estimated at X tons, approximately reflecting the previous year. The total export volume increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 5%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, animal feed exports expanded slightly to $X in 2022. Total exports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +61.7% against 2015 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 16% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

In 2022, the Netherlands (X tons), distantly followed by Germany (X tons), Belgium (X tons) and France (X tons) were the largest exporters of animal and pet feed, together comprising 64% of total exports. The following exporters - Spain (X tons), the UK (X tons), Italy (X tons), Austria (X tons), Hungary (X tons), Denmark (X tons), Ireland (X tons), Poland (X tons) and the Czech Republic (X tons) - together made up 25% of total exports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +16.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest animal feed supplying countries in Europe were the Netherlands ($X), Germany ($X) and Belgium ($X), with a combined 50% share of total exports. France, the UK, Spain, Italy, Denmark, Austria, Poland, Hungary, Ireland and the Czech Republic lagged somewhat behind, together comprising a further 39%.

Italy, with a CAGR of +17.9%, recorded 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 Europe amounted to $X per ton, with an increase of 3.1% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2021 an increase of 15% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.1%), while the other leaders experienced more modest paces of growth.

Animal Feed Imports

Imports in Europe

In 2022, supplies from abroad of animal and pet feed decreased by -0.6% to X tons for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 4.9%. The volume of import peaked at X tons in 2021, and then declined in the following year.

In value terms, animal feed imports amounted to $X in 2022. Total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 +65.0% against 2016 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 16%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

The purchases of the three major importers of animal and pet feed, namely the Netherlands, Belgium and Germany, represented more than third of total import. It was distantly followed by France (X tons), Ireland (X tons) and Norway (X tons), together constituting a 19% share of total imports. The UK (X tons), Poland (X tons), Russia (X tons), Spain (X tons), Italy (X tons), Denmark (X tons) and Romania (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +23.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest animal feed importing markets in Europe were Germany ($X), the Netherlands ($X) and Norway ($X), with a combined 30% share of total imports.

Among the main importing countries, Norway, with a CAGR of +22.5%, saw 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 Europe stood at $X per ton in 2022, picking up by 4.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The pace of growth appeared the most rapid in 2020 an increase of 13%. The level of import peaked in 2022 and is likely to continue growth in years to come.

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 Denmark (+8.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform