South Africa: Market for Preparations Used In Animal Feeding 2024

Market Size for Preparations Used In Animal Feeding in South Africa

The South African preparations for animal feeding market expanded to $X in 2022, picking up by 4.1% against the previous year. The market value increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Preparations Used In Animal Feeding in South Africa

In value terms, preparations for animal feeding production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by 20%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Preparations Used In Animal Feeding

Exports from South Africa

In 2022, the amount of preparations used in animal feeding exported from South Africa reduced slightly to X tons, dropping by -1.9% on 2021 figures. Overall, exports showed a noticeable descent. The growth pace was the most rapid in 2019 with an increase of 44%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, preparations for animal feeding exports expanded remarkably to $X in 2022. Over the period under review, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +29.1% against 2020 indices. The growth pace was the most rapid in 2018 when exports increased by 28%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Namibia (X tons), Lesotho (X tons) and Botswana (X tons) were the main destinations of preparations for animal feeding exports from South Africa, together comprising 66% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lesotho (with a CAGR of +12.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preparations for animal feeding exported from South Africa were Namibia ($X), Zimbabwe ($X) and Zambia ($X), with a combined 41% share of total exports. Botswana, Lesotho, Swaziland and Mozambique lagged somewhat behind, together accounting for a further 28%.

Lesotho, with a CAGR of +9.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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, surging by 7.7% against the previous year. In general, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +8.7% 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 +49.2% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 62%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain 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 Zambia ($X per ton), while the average price for exports to Lesotho ($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 Namibia (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Preparations Used In Animal Feeding

Imports into South Africa

In 2022, supplies from abroad of preparations used in animal feeding decreased by -5.6% to X tons, falling for the fourth consecutive year after five years of growth. The total import volume increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when imports increased by 17%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, preparations for animal feeding imports shrank modestly to $X in 2022. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 19%. Imports peaked at $X in 2021, and then declined slightly in the following year.

Imports by Country

In 2022, Swaziland (X tons) constituted the largest supplier of preparations for animal feeding to South Africa, accounting for a 47% share of total imports. Moreover, preparations for animal feeding imports from Swaziland exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fivefold. The third position in this ranking was held by the Czech Republic (X tons), with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Swaziland totaled +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-5.2% per year) and the Czech Republic (+48.7% per year).

In value terms, the largest preparations for animal feeding suppliers to South Africa were the Netherlands ($X), Swaziland ($X) and France ($X), with a combined 40% share of total imports. The Czech Republic, the United States, Austria, Germany, China, the UK, Spain, Malaysia, Belgium and Namibia lagged somewhat behind, together accounting for a further 44%.

Among the main suppliers, Spain, with a CAGR of +60.3%, 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 average preparations for animal feeding import price amounted to $X per ton, surging by 5% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 21%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Namibia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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