South-Eastern Asia: Animal Feed Market 2024

Animal Feed Market Size in South-Eastern Asia

The Southeast Asian animal feed market reduced modestly to $X in 2022, waning by -3.1% against the previous year. The total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +10.8% against 2020 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 South-Eastern Asia

In value terms, animal feed production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.0% 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 2013 with an increase of 19%. 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 South-Eastern Asia

In 2022, shipments abroad of animal and pet feed increased by 2.9% to X tons, rising for the fourth consecutive year after two years of decline. Total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.7% 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 +62.5% against 2018 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 40%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, animal feed exports amounted to $X in 2022. Total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.7% 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 +90.9% against 2012 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 22% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, Malaysia (X tons), Thailand (X tons), Vietnam (X tons) and Singapore (X tons) represented the key exporter of animal and pet feed in South-Eastern Asia, committing 90% of total export. It was distantly followed by Indonesia (X tons), creating an 8.3% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Indonesia (with a CAGR of +14.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest animal feed supplying countries in South-Eastern Asia were Thailand ($X), Vietnam ($X) and Singapore ($X), together accounting for 73% of total exports. Malaysia and Indonesia lagged somewhat behind, together comprising a further 26%.

Indonesia, with a CAGR of +15.1%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, shrinking by -2% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the export price increased by 11% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 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 Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+5.7%), while the other leaders experienced more modest paces of growth.

Animal Feed Imports

Imports in South-Eastern Asia

In 2022, approx. X tons of animal and pet feed were imported in South-Eastern Asia; dropping by -6.7% on 2021. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 27% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, animal feed imports fell modestly to $X in 2022. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 14%. The level of import peaked at $X in 2021, and then declined slightly in the following year.

Imports by Country

In 2022, Vietnam (X tons), distantly followed by Thailand (X tons), the Philippines (X tons), Lao People's Democratic Republic (X tons), Indonesia (X tons), Malaysia (X tons), Singapore (X tons) and Cambodia (X tons) were the major importers of animal and pet feed, together achieving 94% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Singapore (with a CAGR of +17.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Thailand ($X) and the Philippines ($X) were the countries with the highest levels of imports in 2022, together comprising 61% of total imports. Indonesia, Malaysia, Singapore, Cambodia and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further 35%.

Among the main importing countries, Singapore, with a CAGR of +7.1%, saw 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

The import price in South-Eastern Asia stood at $X per ton in 2022, increasing by 6.1% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2018 when the import price increased by 14%. 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 Indonesia ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+9.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :