Report Update: May 1, 2024

New Zealand - Animal And Pet Feed - Market Analysis, Forecast, Size, Trends And Insights

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Animal Feed Price in New Zealand - 2023

Animal Feed Price in New Zealand (CIF) - 2022

The average animal feed import price stood at $939 per ton in 2022, rising by 13% against the previous year. In general, the import price, however, continues to indicate a noticeable setback. The growth pace was the most rapid in 2015 when the average import price increased by 23% against the previous year. The import price peaked at $1,243 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($2,988 per ton), while the price for Thailand ($282 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Animal Feed Price in New Zealand (FOB) - 2022

In 2022, the average animal feed export price amounted to $1,646 per ton, rising by 16% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2017 an increase of 26%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Fiji ($4,268 per ton), while the average price for exports to Samoa ($536 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 China (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.

Animal Feed Imports in New Zealand

In 2022, overseas purchases of animal and pet feed decreased by -10.6% to 150K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +6.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. As a result, imports reached the peak of 168K tons, and then fell in the following year.

In value terms, animal feed imports amounted to $141M in 2022. The total import value increased at an average annual rate of +9.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 19%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Import of Animal Feed in New Zealand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Australia	50.7	71.8	84.4	85.6	19.1%
Thailand	11.6	12.4	17.4	18.1	16.0%
United Kingdom	8.2	7.6	7.3	8.2	0.0%
Others	35.8	25.4	30.4	29.2	-6.6%
Total	106	117	139	141	10.0%

Top Suppliers of Animal Feed to New Zealand in 2022:

Australia (70.9K tons)
Thailand (64.1K tons)
United Kingdom (4.3K tons)

Animal Feed Exports in New Zealand

In 2022, animal feed exports from New Zealand skyrocketed to 34K tons, picking up by 37% on 2021. In general, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +13.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.8% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, animal feed exports surged to $55M in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +23.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +89.2% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Animal Feed in New Zealand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Saudi Arabia	8.2	15.5	5.5	16.5	26.2%
French Polynesia	2.8	3.7	4.2	5.0	21.3%
China	0.9	7.3	3.7	3.8	61.6%
Samoa	1.4	1.7	2.0	3.2	31.7%
Fiji	1.7	1.7	2.0	3.1	22.2%
Taiwan (Chinese)	1.0	1.4	1.7	2.8	40.9%
Tonga	0.9	1.2	1.3	2.4	38.7%
United States	1.4	1.0	2.1	2.0	12.6%
Vanuatu	0.8	0.8	0.6	1.0	7.7%
Singapore	2.9	1.4	0.8	0.5	-44.3%
Indonesia	N/A	N/A	0.1	0.5	400.0%
Cook Islands	0.2	0.2	0.3	0.4	26.0%
Others	7.1	5.0	10.6	14.1	25.7%
Total	29.3	40.8	34.9	55.4	23.7%

Top Export Markets for Animal Feed from New Zealand in 2022:

French Polynesia (9.1K tons)
Samoa (5.9K tons)
Saudi Arabia (4.5K tons)
Tonga (4.3K tons)
Vanuatu (1.7K tons)
China (1.1K tons)
Taiwan (Chinese) (0.9K tons)
Indonesia (0.8K tons)
Fiji (0.7K tons)
Cook Islands (0.6K tons)
United States (0.5K tons)
Singapore (0.4K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the animal feed market in New Zealand. 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.

Product coverage:

Prodcom 10911010 - Premixtures for farm animal feeds
Prodcom 10911033 - Preparations used for farm animal feeding (excluding premixtures): pigs
Prodcom 10911035 - Preparations used for farm animal feeding (excluding premixtures): cattle
Prodcom 10911037 - Preparations used for farm animal feeding (excluding premixtures): poultry
Prodcom 10921060 - Preparations used for feeding pets (excluding preparations for cats or dogs, p.r.s.)

Country coverage:

New Zealand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in New Zealand
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023