South-Eastern Asia: Market for Preparations Used In Animal Feeding 2025

Market Size for Preparations Used In Animal Feeding in South-Eastern Asia

The Southeast Asian preparations for animal feeding market expanded slightly to $X in 2022, picking up by 3% against the previous year. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Preparations Used In Animal Feeding in South-Eastern Asia

In value terms, preparations for animal feeding production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 13%. 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 in South-Eastern Asia

For the fifth year in a row, South-Eastern Asia recorded growth in overseas shipments of preparations used in animal feeding, which increased by 4% to X tons in 2022. Total exports indicated buoyant growth from 2012 to 2022: its volume 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 +91.8% against 2012 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 30% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, preparations for animal feeding exports rose sharply to $X in 2022. Overall, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 22%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

Thailand represented the major exporter of preparations used in animal feeding in South-Eastern Asia, with the volume of exports reaching X tons, which was approx. 55% of total exports in 2022. Malaysia (X tons) held the second position in the ranking, followed by Indonesia (X tons), Singapore (X tons) and Vietnam (X tons). All these countries together took approx. 44% share of total exports.

Exports from Thailand increased at an average annual rate of +6.1% from 2012 to 2022. At the same time, Indonesia (+23.3%), Malaysia (+7.4%), Singapore (+5.9%) and Vietnam (+1.4%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +23.3% from 2012-2022. Indonesia (+7.6 p.p.) significantly strengthened its position in terms of the total exports, while Thailand and Vietnam saw its share reduced by -3.2% and -5.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest preparations for animal feeding supplier in South-Eastern Asia, comprising 71% of total exports. The second position in the ranking was held by Singapore ($X), with an 8.2% share of total exports. It was followed by Malaysia, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand stood at +10.0%. In the other countries, the average annual rates were as follows: Singapore (+3.9% per year) and Malaysia (+10.3% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, increasing by 4.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The pace of growth was the most pronounced in 2018 an increase of 11% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Indonesia ($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 (+4.6%), while the other leaders experienced more modest paces of growth.

Imports of Preparations Used In Animal Feeding

Imports in South-Eastern Asia

In 2022, preparations for animal feeding imports in South-Eastern Asia expanded to X tons, surging by 3.2% on 2021. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 28% 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.

In value terms, preparations for animal feeding imports stood at $X in 2022. The total import value increased at an average annual rate of +4.9% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 15%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

The purchases of the seven major importers of preparations used in animal feeding, namely Vietnam, Indonesia, the Philippines, Thailand, Malaysia, Lao People's Democratic Republic and Singapore, represented more than two-thirds of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Singapore (with a CAGR of +14.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), the Philippines ($X) and Thailand ($X) were the countries with the highest levels of imports in 2022, with a combined 56% share of total imports.

The Philippines, with a CAGR of +10.0%, recorded the highest rates of growth with regard to 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 South-Eastern Asia amounted to $X per ton, which is down by -1.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2021 when the import price increased by 15% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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