Italy: Market for Preparations Used In Animal Feeding 2024

Market Size for Preparations Used In Animal Feeding in Italy

The Italian preparations for animal feeding market dropped to $X in 2022, reducing by -7.8% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Production of Preparations Used In Animal Feeding in Italy

In value terms, preparations for animal feeding production fell to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the production volume increased by 45%. As a result, production attained the peak level of $X, and then contracted in the following year.

Exports of Preparations Used In Animal Feeding

Exports from Italy

For the fourth consecutive year, Italy recorded decline in overseas shipments of preparations used in animal feeding, which decreased by -2.4% to X tons in 2022. Over the period under review, total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -6.7% against 2018 indices. The pace of growth was the most pronounced in 2015 with an increase of 40% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, preparations for animal feeding exports expanded significantly to $X in 2022. Overall, exports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2014 with an increase of 37% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Greece (X tons), Vietnam (X tons) and Indonesia (X tons) were the main destinations of preparations for animal feeding exports from Italy, together accounting for 20% 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 Indonesia (with a CAGR of +100.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preparations for animal feeding exported from Italy were Russia ($X), Greece ($X) and France ($X), with a combined 20% share of total exports. Spain, Poland, Croatia, the Philippines, Vietnam, Indonesia, Israel, Hungary, Albania and Myanmar lagged somewhat behind, together comprising a further 28%.

Indonesia, with a CAGR of +93.5%, 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, rising by 14% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, preparations for animal feeding export price increased by +80.3% against 2016 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 22% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Myanmar ($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 the Philippines (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Preparations Used In Animal Feeding

Imports into Italy

In 2022, overseas purchases of preparations used in animal feeding increased by 10% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, preparations for animal feeding imports expanded significantly to $X in 2022. The total import value increased at an average annual rate of +4.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 17%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

France (X tons), Germany (X tons) and Spain (X tons) were the main suppliers of preparations for animal feeding imports to Italy, together accounting for 49% of total imports. The Netherlands, Austria, Thailand, Hungary, Denmark, Poland, Belgium, Ireland, Russia and the Czech Republic lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +74.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Thailand ($X) appeared to be the largest preparations for animal feeding suppliers to Italy, with a combined 51% share of total imports. The Netherlands, Spain, Austria, Poland, Hungary, Denmark, Belgium, the Czech Republic, Ireland and Russia lagged somewhat behind, together comprising a further 41%.

In terms of the main suppliers, Russia, with a CAGR of +70.5%, 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

In 2022, the average preparations for animal feeding import price amounted to $X per ton, picking up by 3.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2020 an increase of 14% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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