Slovenia: Animal Feed Market 2024

Animal Feed Market Size in Slovenia

The Slovene animal feed market amounted to $X in 2022, surging by 2.4% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Animal feed consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Animal Feed Production in Slovenia

In value terms, animal feed production totaled $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 11%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Animal Feed Exports

Exports from Slovenia

In 2022, shipments abroad of animal and pet feed decreased by -8.3% to X tons for the first time since 2019, thus ending a two-year rising trend. The total export volume increased at an average annual rate of +2.3% over the period 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 2014 when exports increased by 20%. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, animal feed exports dropped to $X in 2022. Over the period under review, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% 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 +39.1% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 36%. Over the period under review, the exports reached the maximum at $X in 2021, and then shrank in the following year.

Exports by Country

Croatia (X tons), Bosnia and Herzegovina (X tons) and the Netherlands (X tons) were the main destinations of animal feed exports from Slovenia, together comprising 80% of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +50.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Croatia ($X), Bosnia and Herzegovina ($X) and the Netherlands ($X) constituted the largest markets for animal feed exported from Slovenia worldwide, together comprising 57% of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of +39.9%, saw 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 animal feed export price stood at $X per ton in 2022, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2013 an increase of 23%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 Hungary (+21.1%), while the prices for the other major destinations experienced more modest paces of growth.

Animal Feed Imports

Imports into Slovenia

In 2022, approx. X tons of animal and pet feed were imported into Slovenia; with an increase of 11% on 2021. Overall, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.5% 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 +15.3% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 16%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, animal feed imports dropped to $X in 2022. In general, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.2% 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 +55.5% against 2015 indices. The pace of growth appeared the most rapid in 2013 with an increase of 26%. Over the period under review, imports hit record highs at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, Austria (X tons) constituted the largest supplier of animal feed to Slovenia, accounting for a 63% share of total imports. Moreover, animal feed imports from Austria exceeded the figures recorded by the second-largest supplier, Germany (X tons), tenfold. The Netherlands (X tons) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume from Austria totaled +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.9% per year) and the Netherlands (+2.1% per year).

In value terms, Austria ($X) constituted the largest supplier of animal and pet feed to Slovenia, comprising 38% of total imports. The second position in the ranking was held by the Netherlands ($X), with an 11% share of total imports. It was followed by Germany, with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Austria stood at +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+3.0% per year) and Germany (+2.8% per year).

Import Prices by Country

In 2022, the average animal feed import price amounted to $X per ton, dropping by -15.4% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 24%. The import price peaked at $X per ton in 2021, and then declined dramatically in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform