New Zealand: Market for Preparations Used In Animal Feeding 2024

Market Size for Preparations Used In Animal Feeding in New Zealand

The New Zealand preparations for animal feeding market fell to $X in 2022, shrinking by -3.2% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Preparations Used In Animal Feeding in New Zealand

In value terms, preparations for animal feeding production dropped to $X in 2022 estimated in export price. In general, production recorded a slight decline. The most prominent rate of growth was recorded in 2015 when the production volume increased by 41%. Preparations for animal feeding production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Preparations Used In Animal Feeding

Exports from New Zealand

In 2022, exports of preparations used in animal feeding from New Zealand soared to X tons, rising by 35% against the year before. Over the period under review, total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +6.0% 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 +90.6% against 2014 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, preparations for animal feeding exports skyrocketed to $X in 2022. In general, exports posted strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons), French Polynesia (X tons) and Samoa (X tons) were the main destinations of preparations for animal feeding exports from New Zealand, with a combined 41% share of total exports. The United States, Australia, Saudi Arabia, Tonga, Japan, Taiwan (Chinese), Vanuatu and Cook Islands lagged somewhat behind, together comprising a further 45%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +18.0%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Australia ($X) constituted the largest markets for preparations for animal feeding exported from New Zealand worldwide, together comprising 67% of total exports.

Among the main countries of destination, China, with a CAGR of +54.3%, recorded the highest rates of growth with regard to the value of exports, 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, picking up by 13% against the previous year. Over the period under review, the export price saw prominent growth. The most prominent rate of growth was recorded in 2021 an increase of 35% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Samoa ($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 China (+34.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Preparations Used In Animal Feeding

Imports into New Zealand

In 2022, overseas purchases of preparations used in animal feeding decreased by -5.8% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +7.0% 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 +20.2% against 2019 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 48% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then contracted in the following year.

In value terms, preparations for animal feeding imports stood at $X in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.9% 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 +96.5% against 2015 indices. The growth pace was the most rapid in 2021 when imports increased by 33% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Australia (X tons), Thailand (X tons) and the United States (X tons) were the main suppliers of preparations for animal feeding imports to New Zealand, together comprising 86% of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +25.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constituted the largest supplier of preparations used in animal feeding to New Zealand, comprising 45% of total imports. The second position in the ranking was held by Thailand ($X), with a 15% share of total imports. It was followed by the United States, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Australia amounted to +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+22.1% per year) and the United States (+2.6% per year).

Import Prices by Country

The average preparations for animal feeding import price stood at $X per ton in 2022, increasing by 9.7% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 15% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Thailand ($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 United States (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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