MERCOSUR: Animal Feed Market 2024

Animal Feed Market Size in MERCOSUR

The MERCOSUR animal feed market shrank slightly to $X in 2022, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Animal Feed Production in MERCOSUR

In value terms, animal feed production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 13% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Animal Feed Exports

Exports in MERCOSUR

In 2022, after two years of growth, there was decline in overseas shipments of animal and pet feed, when their volume decreased by -1.2% to X tons. Overall, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2013 when exports increased by 44%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, animal feed exports dropped slightly to $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 38%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Brazil was the key exporter of animal and pet feed in MERCOSUR, with the volume of exports amounting to X tons, which was approx. 41% of total exports in 2022. It was distantly followed by Peru (X tons), Argentina (X tons) and Ecuador (X tons), together making up a 48% share of total exports. Chile (X tons), Uruguay (X tons) and Colombia (X tons) took a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +7.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) remains the largest animal feed supplier in MERCOSUR, comprising 47% of total exports. The second position in the ranking was held by Peru ($X), with a 23% share of total exports. It was followed by Ecuador, with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil stood at +9.3%. In the other countries, the average annual rates were as follows: Peru (+3.9% per year) and Ecuador (+7.7% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, standing approx. at the previous year. Over the period under review, the export price recorded a buoyant increase. The pace of growth was the most pronounced in 2017 when the export price increased by 28% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while Uruguay ($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 (+10.5%), while the other leaders experienced more modest paces of growth.

Animal Feed Imports

Imports in MERCOSUR

In 2022, approx. X tons of animal and pet feed were imported in MERCOSUR; declining by -7.4% against the previous year. In general, imports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 26% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, animal feed imports expanded to $X in 2022. The total import value increased at an average annual rate of +2.2% 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 2021 with an increase of 19% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

The purchases of the five major importers of animal and pet feed, namely Ecuador, Chile, Colombia, Brazil and Peru, represented more than two-thirds of total import. It was distantly followed by Paraguay (X tons), comprising a 5.9% share of total imports. Argentina (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of +7.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest animal feed importing markets in MERCOSUR were Brazil ($X), Ecuador ($X) and Chile ($X), with a combined 66% share of total imports.

In terms of the main importing countries, Ecuador, with a CAGR of +8.8%, 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

The import price in MERCOSUR stood at $X per ton in 2022, rising by 9.6% against the previous year. Over the last decade, it increased at an average annual rate of +4.9%. The pace of growth appeared the most rapid in 2013 an increase of 36%. Over the period under review, import prices reached the peak figure in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Colombia ($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 (+7.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform