Middle East: Animal Feed Market 2024

Animal Feed Market Size in the Middle East

In 2022, the Middle Eastern animal feed market decreased by -1% to $X, falling for the third consecutive year after eight years of growth. The total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -15.9% against 2019 indices. 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 the Middle East

In value terms, animal feed production declined to $X in 2022 estimated in export price. In general, production recorded a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of 53% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Animal Feed Exports

Exports in the Middle East

Animal feed exports skyrocketed to X tons in 2022, rising by 35% against the year before. Overall, exports showed a resilient increase. The pace of growth was the most pronounced in 2013 with an increase of 76%. The volume of export peaked in 2022 and is likely to continue growth in the near future.

In value terms, animal feed exports soared to $X in 2022. In general, exports recorded a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of 71%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Turkey prevails in exports structure, amounting to X tons, which was near 75% of total exports in 2022. Saudi Arabia (X tons) held the second position in the ranking, followed by the United Arab Emirates (X tons) and Oman (X tons). All these countries together took near 21% share of total exports. Jordan (X tons) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of +12.1% from 2012 to 2022. At the same time, Oman (+40.4%), Saudi Arabia (+24.8%) and the United Arab Emirates (+14.3%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +40.4% from 2012-2022. By contrast, Jordan (-4.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Saudi Arabia and Oman increased by +5.8 and +4.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest animal feed supplier in the Middle East, comprising 67% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an 8.5% share of total exports. It was followed by Saudi Arabia, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value in Turkey stood at +13.5%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+17.8% per year) and Saudi Arabia (+25.0% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, remaining constant against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2015 an increase of 19%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+11.8%), while the other leaders experienced more modest paces of growth.

Animal Feed Imports

Imports in the Middle East

Animal feed imports fell to X tons in 2022, with a decrease of -5.6% against 2021. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +6.5% 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 +7.6% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 27% against the previous year. The volume of import peaked at X tons in 2021, and then contracted in the following year.

In value terms, animal feed imports totaled $X in 2022. Overall, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 21%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Iraq (X tons), Palestine (X tons) and Syrian Arab Republic (X tons) represented roughly 50% of total imports in 2022. Turkey (X tons) held the next position in the ranking, followed by Yemen (X tons), Saudi Arabia (X tons), the United Arab Emirates (X tons) and Oman (X tons). All these countries together took approx. 38% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Syrian Arab Republic (with a CAGR of +49.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest animal feed importing markets in the Middle East were Palestine ($X), Iraq ($X) and Turkey ($X), with a combined 52% share of total imports. Saudi Arabia, the United Arab Emirates, Syrian Arab Republic, Yemen and Oman lagged somewhat behind, together comprising a further 31%.

Syrian Arab Republic, with a CAGR of +33.0%, saw the highest growth rate of the value of imports, among the main importing countries 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 the Middle East amounted to $X per ton, rising by 6.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2020 an increase of 8.9%. Over the period under review, import prices hit record highs 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 Saudi Arabia ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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