U.S.: Animal Feed Market 2024

Animal Feed Market Size in the U.S.

The U.S. animal feed market stood at $X in 2022, approximately equating the previous year. Over the period under review, consumption, however, recorded a pronounced downturn. The pace of growth appeared the most rapid in 2017 when the market value increased by 1.4% against the previous year. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Animal Feed Production in the U.S.

In value terms, animal feed production amounted to $X in 2022. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 3.6% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Animal Feed Exports

Exports from the U.S.

In 2022, the amount of animal and pet feed exported from the United States reduced to X tons, falling by -12.5% compared with 2021 figures. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 24%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, animal feed exports rose notably to $X in 2022. The total export value increased at an average annual rate of +3.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 11%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

South Korea (X tons), Canada (X tons) and China (X tons) were the main destinations of animal feed exports from the United States, with a combined 44% share of total exports. Mexico, Trinidad and Tobago, Vietnam, the Philippines, Indonesia, Colombia, Saudi Arabia, Japan, Thailand and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of +14.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for animal feed exported from the United States were Canada ($X), China ($X) and Mexico ($X), with a combined 39% share of total exports. South Korea, Thailand, Vietnam, Japan, the Philippines, Indonesia, Saudi Arabia, Trinidad and Tobago, Taiwan (Chinese) and Colombia lagged somewhat behind, together accounting for a further 29%.

In terms of the main countries of destination, Vietnam, with a CAGR of +9.2%, saw the highest growth rate of 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 animal feed export price stood at $X per ton in 2022, growing by 25% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to South Korea ($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 Indonesia (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Animal Feed Imports

Imports into the U.S.

In 2022, overseas purchases of animal and pet feed decreased by -3.1% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 38% against the previous year. As a result, imports attained the peak of X tons, and then dropped modestly in the following year.

In value terms, animal feed imports amounted to $X in 2022. In general, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.9% against 2016 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 40% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Canada (X tons), Indonesia (X tons) and Malaysia (X tons) were the main suppliers of animal feed imports to the United States, with a combined 56% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +101.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest animal feed suppliers to the United States were Canada ($X), France ($X) and China ($X), with a combined 43% share of total imports. Malaysia, Indonesia, Germany, Spain, Mexico, India, Belgium, Italy, Ecuador and Ireland lagged somewhat behind, together accounting for a further 44%.

Among the main suppliers, Indonesia, with a CAGR of +91.9%, 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 average animal feed import price stood at $X per ton in 2022, with an increase of 9.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.8%. The growth pace was the most rapid in 2013 an increase of 62% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :