
France - Animal And Pet Feed - Market Analysis, Forecast, Size, Trends And Insights
France's Animal Feed Price Amounts to $1,643 per Ton
France Animal Feed Export Price in September 2022
In September 2022, the animal feed price stood at $1,643 per ton (FOB, France), approximately equating the previous month. Over the last eight-month period, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in August 2022 an increase of 15% m-o-m. The export price peaked at $1,726 per ton in April 2022; however, from May 2022 to September 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In September 2022, the country with the highest price was the UK ($2,742 per ton), while the average price for exports to Belgium ($448 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
France Animal Feed Exports
In September 2022, shipments abroad of animal and pet feed increased by 16% to 77K tons for the first time since June 2022, thus ending a two-month declining trend. In general, exports showed a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at 92K tons in March 2022; however, from April 2022 to September 2022, the exports remained at a lower figure.
In value terms, animal feed exports soared to $126M (IndexBox estimates) in September 2022. The total export value increased at an average monthly rate of +1.5% from January 2022 to September 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in March 2022 with an increase of 24% month-to-month. As a result, the exports reached the peak of $141M. From April 2022 to September 2022, the growth of the exports failed to regain momentum.
France Animal Feed Exports by Country
Belgium (29K tons) was the main destination for animal feed exports from France, with a 38% share of total exports. Moreover, animal feed exports to Belgium exceeded the volume sent to the second major destination, Spain (7K tons), fourfold. Germany (6.6K tons) ranked third in terms of total exports with an 8.6% share.
From January 2022 to September 2022, the average monthly rate of growth in terms of volume to Belgium amounted to +3.2%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Spain (+0.1% per month) and Germany (-4.6% per month).
In value terms, Belgium ($13M), Spain ($13M) and the Netherlands ($11M) were the largest markets for animal feed exported from France worldwide, together accounting for 29% of total exports.
Among the main countries of destination, Belgium, with a CAGR of +4.4%, 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.
Factors Affecting Animal Feed Prices
The cost of animal feed is one of the biggest expenses for farmers. The price of animal feed can be affected by many factors, including the cost of raw materials, transportation costs, and government subsidies.
The cost of raw materials is one of the biggest factors that affects the price of animal feed. The prices of corn, soybeans, and other grains have been rising in recent years, which has led to an increase in the price of animal feed.
Transportation costs are also a significant factor in the price of animal feed. The cost of fuel has risen sharply in recent years, which has made it more expensive to transport animal feed to farms.
In France, the price of animal feed is regulated by the government. The government sets the maximum price that farmers can charge for animal feed, and this price is updated every six months. The government also subsidizes the cost of animal feed, which helps to keep prices low for farmers. However, these subsidies are being phased out by the European Union, which could lead to an increase in the price of animal feed in France.
This report provides an in-depth analysis of the animal feed market in France. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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