U.S.: Animal Food Market 2024

Animal Food Market Size in the U.S.

The U.S. animal food market amounted to $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Animal Food Production in the U.S.

In value terms, animal food production reached $X in 2022. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Animal Food Exports

Exports from the U.S.

In 2022, the amount of animal food (except dog and cat) exported from the United States fell to X tons, shrinking by X% against the previous year. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, animal food exports expanded remarkably to $X in 2022. The total export value increased at an average annual rate of X% from 2013 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

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

From 2013 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

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

Among the main countries of destination, South Korea, with a CAGR of X%, 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

In 2022, the average animal food export price amounted to $X per ton, picking up by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of X%. 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 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Animal Food Imports

Imports into the U.S.

In 2022, imports of animal food (except dog and cat) into the United States stood at X tons, growing by X% on the previous year's figure. Overall, imports recorded a strong expansion. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, animal food imports rose sharply to $X in 2022. In general, total imports indicated a resilient expansion from 2013 to 2022: its value increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Canada (X tons) constituted the largest animal food supplier to the United States, accounting for a X% share of total imports. Moreover, animal food imports from Canada exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), twofold. The third position in this ranking was taken by Brazil (X tons), with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume from Canada amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Brazil (X% per year).

In value terms, Canada ($X) constituted the largest supplier of animal food (except dog and cat) to the United States, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value from Canada totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and France (X% per year).

Import Prices by Country

The average animal food import price stood at $X per ton in 2022, approximately mirroring the previous year. Over the period under review, the import price, however, continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 France ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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