United Kingdom: Animal Feed Market 2024

Animal Feed Market Size in the UK

The UK animal feed market shrank modestly to $X in 2022, flattening at the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Animal Feed Production in the UK

In value terms, animal feed production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 15% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Animal Feed Exports

Exports from the UK

In 2022, animal feed exports from the UK rose rapidly to X tons, surging by 12% on the year before. The total export volume increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2017 with an increase of 26% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, animal feed exports expanded notably to $X in 2022. Overall, total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.2% 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 +12.3% against 2019 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 27%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Ireland (X tons), Norway (X tons) and the Netherlands (X tons) were the main destinations of animal feed exports from the UK, with a combined 48% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (with a CAGR of +37.0%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) emerged as the key foreign market for animal and pet feed exports from the UK, comprising 26% of total exports. The second position in the ranking was taken by Ireland ($X), with an 11% share of total exports. It was followed by the Netherlands, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value to Norway totaled +38.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (-6.2% per year) and the Netherlands (+3.4% per year).

Export Prices by Country

The average animal feed export price stood at $X per ton in 2022, with a decrease of -6.6% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 19% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Ireland ($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 United Arab Emirates (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Animal Feed Imports

Imports into the UK

In 2022, purchases abroad of animal and pet feed increased by 3% to X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -32.3% against 2017 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 68% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, animal feed imports skyrocketed to $X in 2022. Overall, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 63%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Ireland (X tons) constituted the largest supplier of animal feed to the UK, accounting for a 32% share of total imports. Moreover, animal feed imports from Ireland exceeded the figures recorded by the second-largest supplier, Faroe Islands (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Ireland stood at +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Faroe Islands (+113.0% per year) and the United States (-5.7% per year).

In value terms, Ireland ($X), the Netherlands ($X) and Faroe Islands ($X) were the largest animal feed suppliers to the UK, with a combined 50% share of total imports.

Faroe Islands, with a CAGR of +95.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average animal feed import price amounted to $X per ton, rising by 28% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, animal feed import price increased by +72.7% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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