Greece: Market for Preparations Used In Animal Feeding 2024

Market Size for Preparations Used In Animal Feeding in Greece

The Greek preparations for animal feeding market skyrocketed to $X in 2022, with an increase of 44% against the previous year. In general, consumption, however, saw a abrupt curtailment. Preparations for animal feeding consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Preparations Used In Animal Feeding in Greece

In value terms, preparations for animal feeding production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt slump. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Preparations Used In Animal Feeding

Exports from Greece

Preparations for animal feeding exports from Greece soared to X tons in 2022, jumping by 28% against 2021. In general, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 52%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, preparations for animal feeding exports soared to $X in 2022. Over the period under review, exports posted a remarkable increase. The pace of growth appeared the most rapid in 2019 when exports increased by 62% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Croatia (X tons), Cyprus (X tons) and Spain (X tons) were the main destinations of preparations for animal feeding exports from Greece, with a combined 55% share of total exports. Bulgaria, Albania, Nigeria, Poland, North Macedonia and Ireland lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +75.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preparations for animal feeding exported from Greece were Croatia ($X), Cyprus ($X) and Spain ($X), with a combined 64% share of total exports. Bulgaria, Albania, Nigeria, Ireland, North Macedonia and Poland lagged somewhat behind, together comprising a further 20%.

In terms of the main countries of destination, Nigeria, with a CAGR of +102.6%, recorded 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 average preparations for animal feeding export price amounted to $X per ton, standing approx. at the previous year. In general, the export price continues to indicate a slight contraction. The pace of growth was the most pronounced in 2018 an increase of 13% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Preparations Used In Animal Feeding

Imports into Greece

Preparations for animal feeding imports into Greece expanded sharply to X tons in 2022, picking up by 11% on 2021. The total import volume increased at an average annual rate of +4.2% 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 when imports increased by 15% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, preparations for animal feeding imports expanded significantly to $X in 2022. Overall, total imports indicated a prominent increase 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, imports increased by +73.2% against 2015 indices. The pace of growth was the most pronounced in 2020 when imports increased by 17% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of preparations for animal feeding to Greece, accounting for a 26% share of total imports. Moreover, preparations for animal feeding imports from Italy exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was taken by Spain (X tons), with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy stood at +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+0.5% per year) and Spain (+0.9% per year).

In value terms, Italy ($X) constituted the largest supplier of preparations used in animal feeding to Greece, comprising 23% of total imports. The second position in the ranking was taken by France ($X), with a 9.3% share of total imports. It was followed by the Netherlands, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+3.0% per year) and the Netherlands (+2.8% per year).

Import Prices by Country

In 2022, the average preparations for animal feeding import price amounted to $X per ton, growing by 2.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2021 when the average import price increased by 17% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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