Japan: Market for Preparations Used In Animal Feeding 2024

Market Size for Preparations Used In Animal Feeding in Japan

The Japanese preparations for animal feeding market amounted to $X in 2022, almost unchanged from the previous year. In general, consumption, however, showed a relatively flat trend pattern. Preparations for animal feeding consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Preparations Used In Animal Feeding in Japan

In value terms, preparations for animal feeding production totaled $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 35%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Preparations Used In Animal Feeding

Exports from Japan

In 2022, overseas shipments of preparations used in animal feeding increased by 13% to X tons, rising for the third consecutive year after two years of decline. Overall, total exports indicated a strong expansion from 2012 to 2022: its volume 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, exports increased by +55.4% against 2019 indices. The pace of growth appeared the most rapid in 2014 when exports increased by 27%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, preparations for animal feeding exports shrank to $X in 2022. In general, total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +98.6% against 2013 indices. The pace of growth was the most pronounced in 2020 with an increase of 24%. The exports peaked at $X in 2021, and then declined slightly in the following year.

Exports by Country

China (X tons), Taiwan (Chinese) (X tons) and South Korea (X tons) were the main destinations of preparations for animal feeding exports from Japan, with a combined 70% share 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 China (with a CAGR of +15.4%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Taiwan (Chinese) ($X) and South Korea ($X) constituted the largest markets for preparations for animal feeding exported from Japan worldwide, with a combined 60% share of total exports.

Taiwan (Chinese), with a CAGR of +12.8%, recorded the highest rates of growth with regard to 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

In 2022, the average preparations for animal feeding export price amounted to $X per ton, shrinking by -12.5% against the previous year. In general, the export price continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2018 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Malaysia ($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 Thailand (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Preparations Used In Animal Feeding

Imports into Japan

In 2022, after four years of decline, there was growth in supplies from abroad of preparations used in animal feeding, when their volume increased by 2.5% to X tons. In general, imports, however, recorded a mild decline. The most prominent rate of growth was recorded in 2017 when imports increased by 9.4%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, preparations for animal feeding imports rose rapidly to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Thailand (X tons), the United States (X tons) and Australia (X tons) were the main suppliers of preparations for animal feeding imports to Japan, with a combined 52% share of total imports. China, France, South Korea, Serbia, the Netherlands, Germany, the Czech Republic and Canada lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Serbia (with a CAGR of +72.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), the United States ($X) and China ($X) appeared to be the largest preparations for animal feeding suppliers to Japan, with a combined 56% share of total imports. France, Australia, South Korea, the Netherlands, the Czech Republic, Canada, Germany and Serbia lagged somewhat behind, together accounting for a further 33%.

In terms of the main suppliers, Serbia, with a CAGR of +76.3%, 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 preparations for animal feeding import price amounted to $X per ton, picking up by 4.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2018 when the average import price increased by 11% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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