Latin America and the Caribbean: Market for Preparations Used In Animal Feeding 2025

Market Size for Preparations Used In Animal Feeding in Latin America and the Caribbean

The Latin American preparations for animal feeding market expanded slightly to $X in 2022, growing by 1.8% against the previous year. The market value increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 9.8% against the previous year. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Preparations Used In Animal Feeding in Latin America and the Caribbean

In value terms, preparations for animal feeding production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 11%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Preparations Used In Animal Feeding

Exports in Latin America and the Caribbean

Preparations for animal feeding exports contracted modestly to X tons in 2022, falling by -3.9% against the previous year. Overall, exports showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2013 when exports increased by 34%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, preparations for animal feeding exports expanded remarkably to $X in 2022. The total export value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 28% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

The shipments of the three major exporters of preparations used in animal feeding, namely Brazil, Peru and Argentina, represented more than half of total export. It was distantly followed by Guatemala (X tons), Mexico (X tons) and Honduras (X tons), together achieving a 23% share of total exports. El Salvador (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by El Salvador (with a CAGR of +21.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest preparations for animal feeding supplying countries in Latin America and the Caribbean were Brazil ($X), Peru ($X) and Argentina ($X), together comprising 57% of total exports. Guatemala, Mexico, Honduras and El Salvador lagged somewhat behind, together accounting for a further 29%.

El Salvador, with a CAGR of +22.6%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, rising by 12% against the previous year. Export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.1% 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 +89.0% against 2013 indices. The pace of growth appeared the most rapid in 2014 when the export price increased by 17% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while El Salvador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+7.3%), while the other leaders experienced more modest paces of growth.

Imports of Preparations Used In Animal Feeding

Imports in Latin America and the Caribbean

In 2022, after six years of growth, there was significant decline in purchases abroad of preparations used in animal feeding, when their volume decreased by -14.8% to X tons. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 17%. Over the period under review, imports reached the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, preparations for animal feeding imports stood at $X in 2022. Total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +26.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Chile (X tons) and Mexico (X tons) represented roughly 29% of total imports in 2022. Brazil (X tons) held a 6.8% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (6.4%), Guatemala (5.2%) and Panama (4.6%). Trinidad and Tobago (X tons), Ecuador (X tons), Nicaragua (X tons), Peru (X tons), Uruguay (X tons), Honduras (X tons) and Costa Rica (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Panama (with a CAGR of +51.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest preparations for animal feeding importing markets in Latin America and the Caribbean were Chile ($X), Mexico ($X) and Brazil ($X), with a combined 42% share of total imports. Colombia, Panama, Ecuador, Guatemala, Peru, Costa Rica, Nicaragua, Honduras, Uruguay and Trinidad and Tobago lagged somewhat behind, together comprising a further 41%.

In terms of the main importing countries, Panama, with a CAGR of +47.1%, recorded 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 import price in Latin America and the Caribbean amounted to $X per ton, surging by 22% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Trinidad and Tobago ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+9.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :