Israel: Market for Preparations Used In Animal Feeding 2024

Market Size for Preparations Used In Animal Feeding in Israel

The Israeli preparations for animal feeding market rose notably to $X in 2022, increasing by 5.7% against the previous year. Over the period under review, consumption, however, showed a mild curtailment. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Preparations Used In Animal Feeding in Israel

In value terms, preparations for animal feeding production expanded rapidly to $X in 2022 estimated in export price. In general, production, however, showed a slight curtailment. The pace of growth appeared the most rapid in 2020 when the production volume increased by 28% against the previous year. Preparations for animal feeding production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Preparations Used In Animal Feeding

Exports from Israel

In 2022, after two years of growth, there was decline in shipments abroad of preparations used in animal feeding, when their volume decreased by -0.6% to X tons. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 117% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, preparations for animal feeding exports totaled $X in 2022. Overall, exports, however, showed a moderate expansion. The pace of growth appeared the most rapid in 2014 with an increase of 110%. Over the period under review, the exports reached the peak figure 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 Nigeria (X tons) were the main destinations of preparations for animal feeding exports from Israel, together comprising 85% 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 +62.1%), while the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Greece ($X) and Nigeria ($X) were the largest markets for preparations for animal feeding exported from Israel worldwide, with a combined 85% share of total exports.

Greece, with a CAGR of +64.4%, recorded the highest growth rate of the value of exports, among 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 preparations for animal feeding export price stood at $X per ton in 2022, increasing by 7.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2018 an increase of 20%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and Nigeria ($X per ton), while the average price for exports to France ($X per ton) and Ghana ($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 (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Preparations Used In Animal Feeding

Imports into Israel

In 2022, supplies from abroad of preparations used in animal feeding decreased by -1.6% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +7.3% 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 +101.9% against 2012 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 22% against the previous year. Imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, preparations for animal feeding imports expanded rapidly to $X in 2022. Overall, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 22%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The United States (X tons), Italy (X tons) and France (X tons) were the main suppliers of preparations for animal feeding imports to Israel, together accounting for 33% of total imports. Spain, Germany, China, the Netherlands, Canada, Indonesia, Turkey, the Czech Republic, Thailand and Singapore lagged somewhat behind, together accounting for a further 52%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +57.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the United States ($X) and France ($X) constituted the largest preparations for animal feeding suppliers to Israel, together comprising 35% of total imports. Spain, Germany, China, the Netherlands, Canada, Turkey, the Czech Republic, Thailand, Indonesia and Singapore lagged somewhat behind, together accounting for a further 52%.

Turkey, with a CAGR of +63.5%, saw the highest growth rate of the value of imports, in terms of 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 2022, the average preparations for animal feeding import price amounted to $X per ton, growing by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2018 an increase of 17% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Singapore ($X per ton) and Thailand ($X per ton), while the price for Indonesia ($X per ton) and the Netherlands ($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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