Israel: Animal Feed Market 2024

Animal Feed Market Size in Israel

The Israeli animal feed market rose remarkably to $X in 2022, growing by 5.3% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Animal feed consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Animal Feed Production in Israel

In value terms, animal feed production rose rapidly to $X in 2022 estimated in export price. In general, production, however, saw a slight contraction. The most prominent rate of growth was recorded in 2020 with an increase of 26%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Animal Feed Exports

Exports from Israel

In 2022, overseas shipments of animal and pet feed increased by 2.5% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports enjoyed a modest expansion. The growth pace was the most rapid in 2014 when exports increased by 161%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, animal feed exports rose rapidly to $X in 2022. In general, exports saw a temperate expansion. The most prominent rate of growth was recorded in 2014 with an increase of 151%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ghana (X tons), Greece (X tons) and the Netherlands (X tons) were the main destinations of animal feed exports from Israel, together accounting for 87% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greece (with a CAGR of +61.7%), while the other leaders experienced mixed trend patterns.

In value terms, Ghana ($X), Greece ($X) and the Netherlands ($X) constituted the largest markets for animal feed exported from Israel worldwide, together accounting for 87% of total exports.

In terms of the main countries of destination, Greece, with a CAGR of +63.8%, recorded the highest rates of growth with regard to 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

The average animal feed export price stood at $X per ton in 2022, surging by 9.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2018 when the average export price increased by 13%. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Ghana ($X per ton) and Greece ($X per ton), while the average price for exports to France ($X per ton) and Nigeria ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Animal Feed Imports

Imports into Israel

In 2022, after two years of growth, there was significant decline in overseas purchases of animal and pet feed, when their volume decreased by -13.4% to X tons. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 34% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then dropped in the following year.

In value terms, animal feed imports rose modestly to $X in 2022. In general, imports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2014 when imports increased by 21% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

Spain (X tons), the Netherlands (X tons) and Indonesia (X tons) were the main suppliers of animal feed imports to Israel, together accounting for 34% of total imports. China, Germany, the United States, France, Belgium, Italy, Austria, Egypt, the UK and Denmark lagged somewhat behind, together accounting for a further 57%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +52.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest animal feed suppliers to Israel were Spain ($X), the Netherlands ($X) and Indonesia ($X), with a combined 34% share of total imports. China, Germany, the United States, France, Belgium, Italy, Austria, Egypt, the UK and Denmark lagged somewhat behind, together comprising a further 57%.

In terms of the main suppliers, Denmark, with a CAGR of +55.6%, recorded the highest growth rate of 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

In 2022, the average animal feed import price amounted to $X per ton, with an increase of 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and Belgium ($X per ton), while the price for the UK ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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