France: Market for Flours, Meals And Pellets Of Meat Or Meat Offal 2024

Market Size for Flours, Meals And Pellets Of Meat Or Meat Offal in France

The French meat meals and pellets market declined to $X in 2021, which is down by -8% against the previous year. The market value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then fell in the following year.

Production of Flours, Meals And Pellets Of Meat Or Meat Offal in France

In value terms, meat meals and pellets production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 44% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Flours, Meals And Pellets Of Meat Or Meat Offal

Exports from France

In 2021, overseas shipments of flours, meals and pellets of meat or meat offal were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +5.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 32%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, meat meals and pellets exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +10.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +34.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 86% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Singapore (X tons), Spain (X tons) and Thailand (X tons) were the main destinations of meat meals and pellets exports from France, together accounting for 46% of total exports. Italy, Chile, Vietnam, Bulgaria, the Netherlands, Germany, the United States, Cambodia, Russia and Belgium lagged somewhat behind, together comprising a further 45%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +160.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for meat meals and pellets exported from France were Singapore ($X), Spain ($X) and Thailand ($X), together comprising 36% of total exports.

Singapore, with a CAGR of +163.6%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average meat meals and pellets export price stood at $X per ton in 2021, jumping by 26% against the previous year. Overall, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, meat meals and pellets export price increased by +66.0% against 2016 indices. The pace of growth appeared the most rapid in 2013 an increase of 41%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+28.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Meat Or Meat Offal

Imports into France

Meat meals and pellets imports into France expanded markedly to X tons in 2021, growing by 13% compared with 2020. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +92.9% against 2014 indices. The pace of growth was the most pronounced in 2019 with an increase of 15% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, meat meals and pellets imports skyrocketed to $X in 2021. Over the period under review, imports showed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X tons), Poland (X tons) and Belgium (X tons) were the main suppliers of meat meals and pellets imports to France, with a combined 59% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +98.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest meat meals and pellets suppliers to France were Poland ($X), Spain ($X) and Belgium ($X), with a combined 60% share of total imports.

Poland, with a CAGR of +105.7%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average meat meals and pellets import price amounted to $X per ton, with an increase of 17% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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