Spain: Market for Preparations Used In Animal Feeding 2024

Market Size for Preparations Used In Animal Feeding in Spain

The Spanish preparations for animal feeding market skyrocketed to $X in 2022, jumping by 329% against the previous year. In general, consumption continues to indicate a notable expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Preparations Used In Animal Feeding in Spain

In value terms, preparations for animal feeding production surged to $X in 2022 estimated in export price. Overall, production recorded a resilient expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Preparations Used In Animal Feeding

Exports from Spain

In 2022, shipments abroad of preparations used in animal feeding decreased by -6.2% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, total exports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when exports increased by 15%. The exports peaked at X tons in 2021, and then shrank in the following year.

In value terms, preparations for animal feeding exports declined modestly to $X in 2022. Overall, exports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by 25% against the previous year. As a result, the exports reached the peak of $X, and then shrank slightly in the following year.

Exports by Country

Portugal (X tons), France (X tons) and Italy (X tons) were the main destinations of preparations for animal feeding exports from Spain, together comprising 56% of total exports. Saudi Arabia, the United States, the Netherlands, Germany, Morocco, Greece, South Korea, the UK and Cyprus lagged somewhat behind, together comprising a further 22%.

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 +50.2%), while the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), France ($X) and Italy ($X) constituted the largest markets for preparations for animal feeding exported from Spain worldwide, with a combined 46% share of total exports. The Netherlands, Germany, Saudi Arabia, the United States, Greece, Morocco, the UK, Cyprus and South Korea lagged somewhat behind, together comprising a further 24%.

In terms of the main countries of destination, the United States, with a CAGR of +36.9%, 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, increasing by 3.1% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2021 an increase of 18%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to South Korea ($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 the Netherlands (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Preparations Used In Animal Feeding

Imports into Spain

After two years of growth, purchases abroad of preparations used in animal feeding decreased by -22.3% to X tons in 2022. Overall, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 42%. As a result, imports attained the peak of X tons, and then fell markedly in the following year.

In value terms, preparations for animal feeding imports dropped modestly to $X in 2022. In general, imports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2020 when imports increased by 33%. Imports peaked at $X in 2021, and then fell modestly in the following year.

Imports by Country

In 2022, France (X tons) constituted the largest preparations for animal feeding supplier to Spain, with a 40% share of total imports. Moreover, preparations for animal feeding imports from France exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. Portugal (X tons) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2022, the average annual growth rate of volume from France totaled +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+8.3% per year) and Portugal (+5.8% per year).

In value terms, France ($X) constituted the largest supplier of preparations used in animal feeding to Spain, comprising 34% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 13% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France stood at +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+9.0% per year) and Germany (+9.4% per year).

Import Prices by Country

The average preparations for animal feeding import price stood at $X per ton in 2022, rising by 26% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

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 the United States ($X per ton), while the price for China ($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 (+22.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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