U.S. Animal Food (Except Dog And Cat) Market. Analysis And Forecast to 2025
Animal Food Market - U.S. Animal Food Suppliers Hold onto Their Position in Asian Markets
Despite a rough 2015, the U.S. managed to hold onto the second spot in exports on the global animal food market (with an 11% share, based on USD), Trailing only the Netherlands (16%). In 2015, the U.S. exports totalled 1,532 million USD, 25% under the previous year.
From 2007 to 2015, U.S. animal food exports showed mixed dynamics. A drop in 2009 was followed by growth which lasted the next four years until another downturn occurred. There was an average annual decrease of -5.5% over the last three years.
The U.S.'s primary trading partners were Canada (14%), China (9%), Japan (7%) and Indonesia (7%). While the share of China and Indonesia increased, the shares of Canada and Japan illustrated negative dynamics.
The U.S. was a net exporter of animal food from 2007 to 2015. Net US exports of animal food showed a positive trend from 2007 to 2013. In 2015 this industry suffered from a shrinking trade surplus of 868 million USD, approximately 57% of gross exports.
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Source: IndexBox AI Platform
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