Sweden: Market for Preparations Used In Animal Feeding 2024

Market Size for Preparations Used In Animal Feeding in Sweden

The Swedish preparations for animal feeding market rose significantly to $X in 2022, increasing by 14% against the previous year. The market value increased at an average annual rate of +1.8% 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 and is likely to continue growth in the immediate term.

Production of Preparations Used In Animal Feeding in Sweden

In value terms, preparations for animal feeding production soared to $X in 2022 estimated in export price. Over the period under review, the total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +70.5% against 2016 indices. 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 Sweden

After three years of growth, overseas shipments of preparations used in animal feeding decreased by -0.3% to X tons in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 22%. As a result, the exports attained the peak of X tons, leveling off in the following year.

In value terms, preparations for animal feeding exports rose modestly to $X in 2022. Overall, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 36%. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Norway (X tons) was the main destination for preparations for animal feeding exports from Sweden, accounting for a 43% share of total exports. Moreover, preparations for animal feeding exports to Norway exceeded the volume sent to the second major destination, Finland (X tons), twofold. The third position in this ranking was held by Denmark (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+2.3% per year) and Denmark (-2.9% per year).

In value terms, Norway ($X) remains the key foreign market for preparations used in animal feeding exports from Sweden, comprising 47% of total exports. The second position in the ranking was taken by Finland ($X), with a 21% share of total exports. It was followed by Denmark, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Norway stood at +6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+14.5% per year) and Denmark (+3.1% per year).

Export Prices by Country

In 2022, the average preparations for animal feeding export price amounted to $X per ton, surging by 3.8% against the previous year. Overall, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.3% 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 +51.5% against 2015 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 47%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to France ($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 Finland (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Preparations Used In Animal Feeding

Imports into Sweden

Preparations for animal feeding imports into Sweden amounted to X tons in 2022, stabilizing at 2021 figures. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 6%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, preparations for animal feeding imports rose notably to $X in 2022. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 9.9%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Denmark (X tons), Poland (X tons) and France (X tons) were the main suppliers of preparations for animal feeding imports to Sweden, with a combined 45% share of total imports. The Netherlands, Germany, the UK, the Czech Republic, China, Finland, Austria, Belgium, Norway and Ireland lagged somewhat behind, together accounting for a further 46%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +42.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Poland ($X) and Germany ($X) constituted the largest preparations for animal feeding suppliers to Sweden, with a combined 40% share of total imports. France, the Netherlands, China, the UK, the Czech Republic, Finland, Belgium, Norway, Austria and Ireland lagged somewhat behind, together comprising a further 49%.

Finland, with a CAGR of +52.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average preparations for animal feeding import price stood at $X per ton in 2022, surging by 5.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2018 when the average import price increased by 11%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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