Overview of the Global Market for Flours, Meals And Pellets Of Meat Or Meat Offal

Market Size for Flours, Meals And Pellets Of Meat Or Meat Offal

The global meat meals and pellets market stood at $X in 2021, rising by 6.2% against the previous year. The market value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Global consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Flours, Meals And Pellets Of Meat Or Meat Offal

In value terms, meat meals and pellets production expanded markedly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 17% against the previous year. Over the period under review, global production attained the peak level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Flours, Meals And Pellets Of Meat Or Meat Offal

Exports

In 2021, the amount of flours, meals and pellets of meat or meat offal exported worldwide rose modestly to X tons, picking up by 3.5% against the previous year's figure. The total export volume increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 13%. The global exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, meat meals and pellets exports soared to $X in 2021. In general, total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +80.2% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, the United States (X tons), distantly followed by Germany (X tons), Australia (X tons), the Netherlands (X tons), France (X tons), Poland (X tons), Spain (X tons) and the UK (X tons) were the key exporters of flours, meals and pellets of meat or meat offal, together comprising 63% of total exports. Brazil (X tons), Belgium (X tons), Italy (X tons), New Zealand (X tons) and Canada (X tons) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the flours, meals and pellets of meat or meat offal exports, with a CAGR of +16.1% from 2012 to 2021. At the same time, Brazil (+8.7%), Canada (+6.7%), France (+5.0%), Poland (+4.6%), Germany (+3.0%) and Spain (+2.7%) displayed positive paces of growth. New Zealand, Australia, Italy, the UK and Belgium experienced a relatively flat trend pattern. By contrast, the Netherlands (-1.6%) illustrated a downward trend over the same period. The United States (+13 p.p.) significantly strengthened its position in terms of the global exports, while Italy, Belgium, the UK, Australia and the Netherlands saw its share reduced by -1.7%, -2.3%, -2.8%, -2.9% and -4.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest meat meals and pellets supplier worldwide, comprising 24% of global exports. The second position in the ranking was held by Germany ($X), with a 7% share of global exports. It was followed by Spain, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value in the United States totaled +15.9%. In the other countries, the average annual rates were as follows: Germany (+3.3% per year) and Spain (+8.4% per year).

Export Prices by Country

The average meat meals and pellets export price stood at $X per ton in 2021, rising by 28% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+8.9%), while the other global leaders experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Meat Or Meat Offal

Imports

In 2021, approx. X tons of flours, meals and pellets of meat or meat offal were imported worldwide; with an increase of 12% compared with 2020 figures. Overall, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +61.1% against 2013 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 24% against the previous year. Global imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, meat meals and pellets imports surged to $X in 2021. In general, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +85.4% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Vietnam (X tons), followed by Indonesia (X tons), China (X tons), Thailand (X tons), the Philippines (X tons) and Singapore (X tons) represented the largest importers of flours, meals and pellets of meat or meat offal, together committing 52% of total imports. Italy (X tons), Germany (X tons), Chile (X tons), the Netherlands (X tons), France (X tons), Myanmar (X tons) and Hungary (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Myanmar (with a CAGR of +106.1%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Indonesia ($X) and China ($X) constituted the countries with the highest levels of imports in 2021, with a combined 33% share of global imports. These countries were followed by Thailand, the Philippines, Germany, France, Italy, the Netherlands, Chile, Singapore, Hungary and Myanmar, which together accounted for a further 36%.

Among the main importing countries, Myanmar, with a CAGR of +71.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average meat meals and pellets import price amounted to $X per ton, surging by 22% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. 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 destination: amid the top importers, the country with the highest price was France ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :